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Moments and Momentum www.umt.edu.pk/umtnews A Chartered University Recognized by HEC Moments and Momentum University of Management and Technology NEWS Volume: 15 NEWIssue: 2 AprilS 2012 2nd , IBA Karachi, addresses Dr Ishrat Husain, Director Dr Hasan Sohaib Murad, Rector UMT f 2nd ICoBM 2012 , presents inaugural session o UMT souvenir to Governor Punjab Sardar Latif Khosa March 28-29, 2012 Mohammedmian Soomro, former Chairman, Senate of Pakistan, concludes 2nd ICoBM 2012 A view of the concluding ceremony Governor Punjab of 2nd ICoBM 2012 inaugurates 2nd ICoBM 2012 at UMT 150 speakers and 1000 delegates from government, academia, and corporate world converge at UMT Dr Rukhsana Kaleem, Associate Dean, R esearch, SBE, presents ICoBM 2012 Souv enir to Dr Hafeez-ur-Rehman, f the 2nd ICoBM 2012 Chairman, Department of Economics, PU A view of the large gathering at the opening session o Dr Khawaja Amjad Saeed, Principal, Halley College of Banking and Finance, Dr A R Kausar, Pro Rector UMT, Dr Nasira Jabeen, Director, IAS, Punjab University, Sardar Latif Khosa, Governor Punjab, Dr Hasan Sohaib Murad, Rector UMT, Dr Rukhsana Kalim, Associate Dean, Research, SBE, and Dr Niaz A Bhutto, Associate Prof, IBA, Sukkur, at the inaugural session of 2nd ICoBM 2012 Addressing on the occasion, Mohammedmian Governor Punjab inaugurates 2nd ICoBM 2012 at UMT Soomro said that he is grateful for being invited to participate in this historical effort by the 150 speakers and 1000 delegates from government, academia, University of Management and Technology (UMT), Lahore. He said that the whole essence of and corporate world converge at UMT this endeavor is to disseminate and underscore the importance of knowledge, decision-making Mohammedmian Soomro, Former Chairman Senate of Pakistan, concludes and cost-effectiveness in business. He said that basically, anywhere and everywhere, he second International Conference on University, Lahore, Institute of Business Adminis- management is about managing people and Business Management (ICoBM) 2012 tration (IBA), Sukkur, University of Veterinary and resources. He advised all those present to be organized by the School of Business and Animal Sciences (UVAS), Association of Manage- T analytical and critical in their approach. He said Economics, University of Management ment Development Institutions in Pakistan and Technology (UMT), at its purpose-built that we live in changing times and the impor- (AMDIP), The News, and the Higher Education Dr Munawar A Anees, Founding Director, Center for Global Dialogue, UMT, campus, concluded after two days of delibera- tance of research in this context assumes great Commission (HEC) of Pakistan. delivers summary of the outcomes of the 2nd ICoBM 2012 tions and presentations by 150 speakers and importance. Dr Ishrat Husain, Chief Guest of the ICoBM 2012, 1000 delegates from government, academia, and Mohammedmian Soomro reminded the Dean and Director, IBA Karachi, and Chairman but the reality is that we face problem of lack of capital development, women empowerment, corporate world. The theme of the conference audience that the middle class is the backbone of AMDIP, said that the conference theme is critical ideas. As a country, we are not meeting our women entrepreneurship, microfinance, e- was “Business, Society, Science and Technology”. any society because they are the ones who to the success and development of Pakistan. He Millennium Development Goals, we have not government, energy, organizational support and The event was attended by a large number of provide services and the delivery mechanism. He presented a sketch of what is going on in the rest grown for the past four years and at best we have development, organizational performance, dignitaries, educationists, intellectuals, business said that we must encourage SMEs in business. of the world. He identified the following major experienced stopgap growth in our history. So migrant economy, manufacturing, e-banking, executives, government representatives, and trends. 1) The economic balance of power is the real question is what keeps us back. leadership development, ICT and economic On a special note, he added that women are a public policy makers, representatives of the shifting from the US, Europe and Japan to the growth, foreign direct investments, social great resource and we must utilize this resource corporate world and students of business Dr Nadeem ul Haque said that every country has Asian countries. In the near future, 70% growth is entrepreneurship, and many more. UMT business effectively. Economic emancipation of women is schools. The academic and corporate sessions of the capacity to grow. Our current thinking is Sardar Latif Khosa, Honorable Governor of Punjab, expected to come from emerging economies, school faculty members and MS/PhD scholars needed. We must provide them opportunities for the ICoBM 2012 continued for two days, steeped in the building phase – if we have addresses inaugural session of 2nd ICoBM 2012 40% from China alone. 2) Management of both also made a significant number of presentations. technical training and businesses. He said that we concurrently in five separate seminar halls. enough projects, if we build roads and bridges, renewable and non-renewable resources is going then we would achieve so much. This develop- must also focus on conservation of resources. In the inaugural speech, Sardar Muhammad Institutional Representation stressed collaboration between all stakeholders to assume great importance in the coming years. ment paradigm can be best understood if we Dr Munawar A Anees, Founding Director, Center Latif Khosa, Governor Punjab and Patron UMT, Institutional representation for this conference of the growth sectors. He said that applied R & D How the world feeds its 3 billion consumers in the realize that nations succeed because they build for Global Dialogue, UMT, presented a brief said that we were once the pioneers in research was equally impressive as 20 institutes from culture in the country is still in infancy in Pakistan. coming years is important. 3) The extent of the institutions, accept research, respect the scientific summary of the outcomes of the 2nd ICoBM and development but have now receded to the across the country participated. These included Universities can be employed in fostering this useful insight gained from the financial crises will method and learn from the rest of the world. This 2012. He said that Rector UMT Dr Hasan Sohaib backbenches. He said that maturity of political the host institution, UMT; GC University, Lahore; culture. He said that the vision of the government determine the future course of events. The Dr Nadeem termed as the software of growth as Murad deserves accolades for his enormous thinking and continuity of policy is required for IBA, Sukkur; Mardan Institute of Management is not limited to science and technology alone. perception of market self correction brought opposed to our current practice of emphasizing vision. economic stability. He said that we are committed Social sciences play a great role in any society. many Western economies to grief during the hardware of growth. Sharing the economic Sciences; Muhammad Ali Jinnah University; to meeting the Millennium Development Goals. Bereft of morality, science and technology financial crisis. 4) The information explosion, model of growth developed by the Planning Hailey College of Commerce; PAK KIET, Iqra Discussing the role of universities in societies, Dr We are a nation of 190 million + plus and two becomes barbaric. He urged everyone to Internet, and connectivity has led to huge Commission, he said that it was realized that we University; Punjab University; University of Anees said that universities are citadels of thirds of our population is below 30 years. Half of complexities in economic data analysis. In 2005, need to manage resources better. He enumer- Veterinary and Animal Sciences; PIMSAT Institute freedom of enquiry and exploration of new ideas. our population is below 25 years of age. This is a 150 billion gigabytes of data were created. This ated the following four points of the growth of Higher Education; University of Central Punjab; UMT is serving this worthy cause and 2nd ICoBM huge demographic dividend but it has to be Some of the best year that figure has arisen to 1200 gigabytes. model: 1) Quality management of public assets is University of Sargodha; Frontier Women 2012 certainly indicates UMT's commitment to channelized in a constructive manner for nation Business are beginning to be transformed by this essential for growth and prosperity. 2) We need University, Peshawar; University of Sind; IBA, freedom of knowledge. Dr Anees said that ICoBM building by the universities and academia. The developed data deluge. open markets. At present, our markets are too Karachi; Shah Abdul Latif University, Khairpur; which is now an annual event at UMT will become Governor pointed out that Pakistan will need 36 International Islamic University; National the hallmark of scholastic discourse in the future. Touching upon the significance of these trends in much in favor of the big guys. 3) Growth happens million new jobs in the next few years. Universi- nations have University of Modern Languages; Allama Iqbal the Pakistani context, former Governor State in creative societies. Our cities are elite housing Dr Hasan Sohaib Murad, Rector UMT, took the ties have to produce job creators, not job seekers. Open University. Bank of Pakistan, Dr Ishrat said there is too much enclaves and are not open to commerce and opportunity to thank everyone involved in Entrepreneurial skills need to be inculcated in our invested heavily in emphasis on short term goals. This myopic industry. 4) We need to invest more in our youth Corporate sector was represented by Bareeze, making the 2nd ICoBM 2012 a great success. He university graduates. youth and in science, approach weakens competitive edge of and community. Our cities lack infrastructure and Auriga, SMEDA, PAMCO, Umer Group, PEL, expressed his appreciation of the support The Governor congratulated Dr Hasan Sohaib businesses.
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