LAHORE - The Lahore Chamber of Commerce & Industry is holding a workshop on “Building a sustainable Family Business” on March 25 here at the LCCI premises.

The Chamber in collaboration with Q Consulting, arranging a workshop to equip Family Owned Enterprises with tools and training to implement sound Corporate Governance and Succession Planning practices in their business to ensure long term sustainability.  LCCI President Ijaz A. Mumtaz said that basic objective of the workshop is to highlight the importance of Family Owned Business. Family Owned Enterprises (FOE) are the backbone of the Pakistani economy and contribute enormously to employment creation, export earnings and the growth of our economy.

He said that the sad fact was that many Family Owned Enterprises will not survive from one generation to the next or ever realize their true potential. The break-up of a family business has far reaching implications for the entire family, personal relationships are destroyed and the business can collapse as a result.

Meanwhile, the LCCI spokesperson said the members of the trade delegation, which is on the 13-day visit to Australia, had a number of high-profile meetings with their Australian Counterparts and officials of the Pakistani and Australian governments.

The delegation attended a dinner hosted by the Pakistani Consul General in Australia Abdul Aziz in honor of the delegation members. Assad Jattoi of Trade Development Wing of the Pakistani Consulate in Australia and a number of businessmen from Energy, Oil, Consumer goods and various other sectors were present on the occasion.

Speaking on the occasion, Deputy Head of the delegation and LCCI Vice President Syed Mahmood Ghaznavi paid rich tributes to the efforts of Pakistani Consul General in Australia Abdul Aziz for promotion of trade between the two friendly countries.

He said that existing trade volume does not match the potential of the two countries therefore private sector of Pakistan and Australia should play role for strengthening the economic ties between the two countries.

The delegation also visited the offices of various Chambers of Commerce & Industry and trade associations.