Researchers urged to follow trends in developed world

LAHORE

A three-day international conference on Management, Business and Technology (ICMBT’17) arranged by Institute of Business and Management (IB&M) University of Engineering and Technology Lahore has begun. 

Speaking at the conference as chief guest, Vice Chancellor Government College University Faisalabad Prof Dr Muhammad Ali said economic stability is always driven through a concrete strategic plan which is fully dependant on applied research. In this regard, universities think-tank should follow the trends of developed world to bring socio-economic revolution to uplift the standard of life of the masses.

He urged youth, researchers and businesspersons to deliver for the growth of country within available resources and try to own the land with time spirit. Meanwhile, UET Vice Chancellor Prof Dr Fazal Ahmed Khalid said knowledge based economy is only approach to attain the destination of growth.

Market-oriented research would be fruitful to strengthen all economic indicators to stabilise the country. Rector University of Management and Technology Prof Dr Hassan Sohaib Murad focused to develop synergy of planning to set up business plans by using modern technologies of management.

In inauguration ceremony, Director IB&M Prof Dr Muhammad Shahid Rafique and Dr Fiaz while briefing the participants about the conference said the conference was designed to provide an international forum for business research, entrepreneurs, scientists and engineers to present research its applications in management, business and technology to contribute in society.