LAHORE:Punjab University Vice Chancellor Prof Niaz Ahmad has said that quality in services and manufacturing sector can play very important role in boosting the country’s economy and efforts must be made to facilitate business community and provide them with resources.
He was addressing an international conference on 4th International Conference on ‘Banking, Insurance and Business Management’ (CBIBM 2019) under the title of "Redefining Business Practices in Uncertainties" organized by PU’s Hailey College of Banking and Finance (HCBF) here on Thursday.
According to a press release, State Bank of Pakistan’s Executive Director Dr Shaukat Zaman, HCBF Principal Prof Dr Mubbsher Munawar Khan, Lahore School of Economics’ Professor Dr Rashid Amjad, Research Centre of Business Strategies Tohoku University Japan Director Dr Shahzada Nayer, Fida Hussain Bukhari, researchers from various universities, faculty members and a large number of students participated in the event. Prof Niaz Ahmad said Pakistan was struggling to improve its economy and it was universities’ responsibility to help the government. He said ‘our manufacturing side was improving and new opportunities were being created for young people.’
He said ‘our human resource was our biggest asset’. He also said institutions must take care of the needs of their consumers and provide them maximum facilities as it was the age of competition. He advised the students to become a responsible and law-abiding citizen.
Shaukat Zaman said State Bank had introduced policies to encourage banking sector and protecting the interest of consumers. He said banking industry was being transformed with the help of technology. However, he said, there was need to ensure specialized security infrastructure to avoid banking fraud, hacking and theft incidents. He suggested that we needed to re-invent our business models.
Dr Rashid Amjad called upon the need for provision of conducive business environment. He said there should be balance between the volume of our import and export. He said efforts should be made to stabilize macroeconomic sector. He urged the youth and women in particular to come forward and contribute to the development of economy of the country. Prof Dr Mubbsher Munawar Khan said geo-political situation was changing and new economic blocks were emerging. He said CPEC was bringing a lot of opportunities as well as challenges and the nature of competition was changing. He said social media had introduced new horizons in business sector. He said Islamic banking was rapidly flourishing in the world.
PIC incident: An emergency meeting of Academic Council of Lahore General Hospital was held in the wake of incident of Punjab Institute of Cardiology happened on Wednesday. The participants in the meeting chaired by Postgraduate Medical Institute and Ameerud Din Medical College Principal Prof Dr Al-Fareed Zafar strongly condemned the act and loss of life, public and personal property and disruption in patient care.
They demanded that all culprits should be taken to task and be given exemplary punishment so that such incidents could not be repeated in future.