ISLAMABAD – A Two-day International Conference on Challenges in Business and Management (ICCBM) which was organised by the Faculty of Management Sciences (FMS), opened at National University of Modern Languages (NUML), Islamabad, today (Wednesday, December, 10, 2014).
ICCBM was inaugurated by Mr Zaid Bashir, C.E.O. Gul Ahmed Textile Mills along with Rector NUML Maj Gen (R) Masood Hasan in a simple but a graceful ceremony which was attended by H.E Mr. Jononov Sherali, Ambassador of Tajikistan, H.E. Mr. M. Kanwar Tariq, Honorary Consul General Republic of Paraguay, H.E. Mr. Nedim Makarevi, Ambassador of Bosnia and Herzegovina, and other foreign diplomats. Dean FMS Associate Prof Dr Naveed Baloch, Registrar, Deans, Directors and Head of different departments, students as well as learned scholars and members of academia from within and outside of the country were also present in the inaugural ceremony.
In his inaugural address, Mr Zaid Bashir highlighted the potentials of Pakistan economy and the challenges it was faced with. He said on the one hand Pakistan is full of all sorts of resources while on the other hand the country has been unable to make due progress because of the fact that the country has failed to exploit these resources. He lamented that there is a tendency in Pakistan to create issues instead of resolving the issues that exit.
He said the young generation needs to be innovative in its approach to the problems the country was trying to resolve. Mere imitation will not help the country.
Mr Zaid Bashir pointed to the harsh truth that Pakistan culture largely doesn’t promote thinking out of the box saying that our education system should promote questioning among the students so that they are able to overcome the fear to innovate solutions for the problems. He cited several examples to stress his point that failure should not discouraged any one who wants to look far success.
In her keynote address Prof Dr Li Jingye of Beijing Language and Culture University, China, gave an overview of the Chinese economy in terms of rapid growth and related problems. She said the Chinese economy has been growing in double digit over the past few years but there is a trend to slow down in the coming years. She came out with strength of the Chinese economy including technological advancement, prudent policies based on encouragement for private sector, large component of exports in the GDP and trained labour. She however pointed to some serious problems the Chinese Govt was trying to overcome. These problems included reports about growing corruption and economic inequality. She was optimistic about the resolution of these problems as the Chinese leadership was conscious of these problems and was fully committed to overcoming them. She also said that the current Chinese leadership is moving to make China a truly social welfare state. China is also interested in studying Islamic banking system with a view to making banking more people friendly.
Rector NUML Maj Gen (R) Masood Hasan in his welcome remarks appreciated FMS for arranging the second ICCBM and providing students with an opportunity to learn about the latest developments in the fields of business and management. He said the scholars attending the conference would share their valuable experiences and knowledge with the students which would help them to set their future course of action. He asked other departments of the university to hold such conference in their own fields of studies to update the knowledge of their students. He said that he would always encourage such useful activities at the university.
On the first day of the conference there were five academic sessions on various topics relating to marketing, finance and general management. On the second day there will be two academic session and closing ceremony of the conference will be held.
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