LAHORE - Pakistan has a strong potential to grow and nurture business in the country and what is needed in real term is a strong will, passion and hard work to ensure growth.

This was upshot of the speeches delivered at LCCI second Conference on International Business Challenges and Successes” here at the Lahore Chamber of Commerce & Industry on Tuesday. LCCI President Ijaz A. Mumtaz, Senior Vice President Mian Nauman Kabir, Vice President Syed Mahmood Ghaznavi, CEO Interwood Mobel Omer Farooq, Group CFO Treet Corporation Amir Zia, Chief Executive Netsol Technologies Salim Ullah Ghauri and former LCCI President Sohail Lashari were the key speakers. Speaking on the occasion, the LCCI President Ijaz A. Mumtaz said that the theme of the conference is to let the young and emerging entrepreneurs learn from the knowledge and experience of seasoned international and national business leaders who are running their companies successfully in Pakistan.

He said that we value our young brains, we have full faith on the abilities and talent of our youth. He said that we are confident that they, under the guidance of seniors, can deal with any kind of challenges. It is a need of the hour that young entrepreneurs should be brought into mainstream of businesses as it will let them discover their strong and weak areas.

He said that they are simply required to be consistent and committed to achieve their business goals.

Ijaz A. Mumtaz said that country was in dire need on innovative entrepreneurs. He said that there was no dearth of resources in the country but only thing that has kept it behind in a number of economic sectors is the unawareness about the latest business techniques and methodologies.

He said that in today’s international business arena, competition has grown by leaps and bounds. For the success, we have to focus on all business related issues from innovation and marketing to sustainability. He said that entrepreneurs should have to focus on sustainability issues which have become critical to the future success of international business. He said that sustainability is now spreading to every domain of business and posing questions that the business groups had never been asked before. Young entrepreneurs should have to learn from the seasoned businessmen that how sustainability could be used as a source of innovation. 

LCCI Senior Vice President Mian Nauman Kabir said that young entrepreneurs have to be organized for a successful business. It would help them to stay on top of things to be done. He said that almost everywhere in the world, Pakistani are at the top positions because they are very hard working and foreigner love to work with them. He said that risk is the name of the game as far as entrepreneurship is concerned but the ultimate winners who learn from their mistakes and adopt corrective measure without any loss of time. Nauman Kabir said that we have 60 per cent youth population in Pakistan if 25 per cent or more become entrepreneurs; they can become the assets of Pakistan for creating job opportunities. He said that new comers in the business should also try to establish their own brands instead of relying on existing brands. He also urged them to focus on exports as there are a number of global destinations that are unexplored even today.

He said that the Chief Minister Punjab Mian Shahbaz Sharif is a great doer and the fact has been admitted by the foreigners as well therefore the young entrepreneurs should get motivation from him to achieve their goals.

CEO Interwood Mobel Omer Farooq said that there is no institution in Pakistan to provide trained manpower to the furniture industry. Government should plan establishment of such training institutions.

He said that young businessmen need to face challenges boldly to turn the tide in their favour.