LAHORE - Two-day international annual conference on management of the Pakistan economy, hosted by Lahore School of Economics, concluded on Thursday.
The second day of the conference started with a session on entrepreneurship and innovation in the technology sector: constraints to growth.
Dr Naved Hamid highlighted the rapid growth of the digital economy globally since the 1990s. While this phenomenon reached Pakistan with a lag, the IT companies can be a major source of investment and growth for the country in the next decade, and so it is important to identify the constraints to growth of this sector.
Carrying forward the discussion, Dr Mahmood ul Hassan Khan discussed the importance of innovation and science and technology (S&T) in enabling economies to achieve sustainable economic growth.
The paper discussed that firms engaged in medium- to high-tech production tend to gain more from innovation and are on average more productive compared to enterprise which are limited to low-tech systems.