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Karachi (Muhammad Yasir)

The Overseas Investors Chamber of Commerce and Industry (OICCI) affirmed its commitment to advancing Pakistan’s IT and telecom sectors at ITCN Asia 2024, a Tech Festival being held at the Expo Centre Karachi from August 27th to August 29th. In a keynote address, OICCI President, Mr. Rehan Shaikh shared an optimistic vision for the future, underlining the significant potential in Pakistan for growth in IT and IT-enabled Services (ITeS), optimization of which can lead to a substantial boost in the domestic industry as well as export revenues.

In his speech, Mr. Shaikh underscored OICCI’s longstanding role as the oldest and most prominent chamber of commerce in Pakistan, representing 200+ multinational companies (MNCs) and contributing a substantial portion of the country’s economic growth. He emphasized the critical importance of a robust IT ecosystem, not just as a catalyst for business efficiency but as a cornerstone for attracting foreign direct investment (FDI) and driving sustainable economic growth in Pakistan. “What we need is a sustainable environment, and we need a platform that helps us to put those policies in place,” stated Mr Shaikh.

However, he also highlighted the challenges that need to be addressed to propel Pakistan onto the global stage in the IT sector. These challenges include bridging the skills gap in specialized areas like AI, cybersecurity, improving infrastructure, and ensuring consistent investment and policy support. He noted that investing in and prioritizing IT services sends a strong message to global investors that Pakistan is not only open for business but also ready to support complex, high-tech operations in a climate conducive to innovation and growth.

Mr. Shaikh projected that Pakistan’s IT/ITeS export revenues could expand to between $10-18 billion by 2028, while the domestic IT industry has the potential to grow to over $6 billion annually. Furthermore, he emphasized the transformative potential of digitalization, which could unlock an annual economic value of $35 billion by 2030. By digitizing key sectors such as SMEs and agriculture, which constitute nearly two-thirds of Pakistan’s GDP, the country could significantly increase its GDP, employment rates, and exports.

Additionally, Mr Shaikh praised the State Bank of Pakistan’s efforts, particularly in executing the National Financial Inclusion Strategy, which leverages technologies like digital onboarding to expand financial access. He cited the entry of five digital banks into the industry—many backed by foreign investors—as a testament to the country’s growing financial landscape. He noted the impressive progress Pakistan has made in internet and smartphone adoption, as well as the key role MNCs have played in bringing innovation and best practices to the country’s IT landscape.

In his closing remarks, Mr. Shaikh expressed confidence in the leadership of the Ministry of IT and Telecom under the Prime Minister and reiterated OICCI’s unwavering support. Mr. Shaikh called for continued collaboration between the government, private sector, and educational institutions to overcome these challenges and unlock the full potential of Pakistan’s IT industry.

Karachi (Muhammad Yasir)

Institute of Business Administration (IBA), Karachi hosted its first seminar on ‘Building a Sport Ecosystem: The Critical Role of Academia’, sponsored by Toyota, EBM, Jafferjees, and organized by School of Business Studies (SBS).

The seminar brought together executive members from leading companies to initiate a dialogue on building a sustainable sports Ecosystem through academics. The seminar was hosted by Dean SBS, Dr. Abdullah Zafar Sheikh; and Chairperson, Marketing Department, Dr. Nida Aslam Khan.

Dr. Sheikh initiated the seminar by emphasizing the significance of exploring new horizons of Sports through academia and the focus on the sports marketing knowledge cluster which is a growing opportunity. “In today’s dynamic society, sports marketing is a growing emergence. We here at IBA are keen to explore new areas of sports marketing from different angles and take this discourse to a new level. This has resulted in IBA broadening its horizons and considering creating a minor within its program and in the future, a proper separate degree. This demands quality research and academic support” said Dr. Sheikh.

The Keynote speech was delivered by Dr. Joseph Cooper (PhD in sports management), in which he devised strategies for building a sustainable sports ecosystem, different approaches and challenges to be considered. “To build a sports ecosystem, it is important to not only focus on the economic and marketing aspects, but also on religious, cultural, and spiritual aspects. There is great importance on how key stakeholders are taken into account which helps in achieving long-term success” said Dr. Cooper.

There was a panel discussion focused on building a sports ecosystem and how academia can play a vital role in it. Panel A was from the perspective of the corporate world while Panel B was from the perspective of the sports world.

Panel A comprised Ali Habib, Chief Marketing and Communications Officer of HBL; Ali Fahd, VP Marketing, Jazz; Dr Muhammad Imran, Group Head, Islamic Banking Bank Alfalah Limited; and Kiran Kohati, Head of Marketing and Corporate Communications, Millac Foods Private Limited; moderated by Salman Sever Butt. The panel discussion focused on the role of the corporate sector in building the sports ecosystem. Mr. Habib said, “Sports is a product and it should be delivered like a product. We have PSL as a sports product in Pakistan. The main challenge is that PSL is active for one month but for the rest of the 11 months, there is radio silence that needs to be worked on. The lack of investment is becoming a challenge and companies need to invest to grow this industry which has great potential.”

Panel B discussion comprised Haroon Malik, Chairman Pakistan Football Federation; Hassan Sardar, Former Field Hockey Player and Team Captain; Mahrukh Isa, IBA Alum, Former National Badminton Player; Rashid Latif, Pakistani cricket coach and former cricketer; and Yasmin Hyder, Chairperson, Softball Federation of Pakistan; moderated by Dr. Nida. The panel discussion focused on how academia and sports itself can help in building a sustainable ecosystem. Mr. Lateef said “Due to no facilities, poor infrastructure, no place to play, and no proper professionalism, there has been a challenge in the growth of the sports industry or creation of building sports ecosystem in Pakistan. The media needs to take account of every sport shown along with people, or the elite cannot control the people’s talent which is the main problem in Pakistan. There are areas like Landhi and Baldia where there is a great amount of talent not explored. We must create a proper Research and Development department and produce effective and combined solutions.”

The seminar emphasized that it’s important to work as a community and involve all the stakeholders which can help in building a sports ecosystem.  Moreover, it is time we explore other sports industries such as Esports along with improving the current sporting facilities in which institutes like IBA can play a vital role by initiating sports marketing programs and encouraging students to contribute to building the sports ecosystem.

Karachi (Muhammad Yasir)

The Aga Khan University’s Institute for Educational Development (AKU-IED), in partnership with the School of Economics and Social Sciences (SESS) at the Institute of Business Administration (IBA), hosted a pivotal dialogue on the future of undergraduate education. Held at IBA’s Main Campus, the event brought together esteemed scholars and educational leaders from renowned institutions including AKU, IBA, Habib University (HU), Lahore University of Management Sciences (LUMS), and the University of Balochistan (UoB). The dialogue, spearheaded by Professor Asma Hyder, Dean of SESS, IBA and Professor Farid Panjwani, Dean of AKU-IED, centered on the evolving landscape of undergraduate education amidst global challenges and technological advancements. Dr Panjwani emphasised the importance of this initiative, stating, “Undergraduate students are at a stage of idealism and creativity, making it the profound responsibility of universities to nurture their potential through critically progressive and historically grounded education. This demands regular reflection on the nature of this education, ensuring it remains fit for purpose. Educators must rethink the purpose, relevance, and structure of undergraduate education to prepare students for an uncertain and complex future.” The dialogue featured several thought-provoking sessions. Dr Faisal Bari (LUMS) led a discussion on the delicate balance between skill acquisition and theoretical knowledge in undergraduate education. Dr Aaron Mulvany (HU) explored the interplay between specialisation, interdisciplinarity, and multidisciplinary approaches, urging institutions to break away from traditional academic boundaries. Dr Anjum Halai (AKU) examined the potential and challenges of joint degrees, courses, and co-teaching models, advocating for new perspectives to create a more integrated and enriching learning experience for students. Dr Aurangzaib Alizai (UoB) underscored the importance of inclusion and diversity, highlighting the need to teach students how to coexist, embrace diversity, and respect differing opinions as integral parts of their education. Dr Hyder stressed the significance of collaboration among institutions, noting, “In today’s complex society, the challenges we face demand that educators rethink the very purpose, relevance, and structure of education at all levels.” This dialogue marks the beginning of a series of discussions aimed at reimagining undergraduate education. Through shared insights and experiences, educational institutions can work together to develop academic structures that not only address contemporary challenges but also serve students in the best possible way.

Karachi (Muhammad Yasir)

Mondelez Pakistan is proud to announce that it has been honored with three prestigious awards, recognizing its unwavering commitment to sustainability, health, safety, and social impact. Sami Wahid, Managing Director, Mondelez Pakistan said, “These awards are a testament to Mondelez Pakistan’s ongoing efforts to integrate sustainability and social responsibility into our business practices. We remain dedicated to creating positive environmental and social impact, and we look forward to continuing this journey of excellence.” Environmental Excellence Award: The Hub Plant has been recognized by the National Forum for Environment & Health (NFEH) at its 21st Awards Ceremony. This accolade highlights the plant’s outstanding sustainable practices and dedication to environmental stewardship. Environment, Health & Safety Award: Mondelez Pakistan’s exemplary Health, Safety, and Environment performance has been acknowledged by The Professionals Network and Ethical Business Update at their 10th International Awards Ceremony 2024. This award underscores our commitment to maintaining the highest standards in workplace safety and environmental care. Social Impact Recognition: At the 2nd American Business Council ESG Excellence Awards 2024, Mondelez Pakistan was named the runner-up for its Employee Volunteer Program. This recognition celebrates our significant community initiatives, including Iftar with street children, beach cleanups, and support for coastal guard families, which continue to make a meaningful difference in the lives of many. Mondelez remains committed to enhancing its commitment to sustainability in all its endeavors.

Pakistan (Muhammad Yasir)

The Dawood Foundation’s MagnifiScience Centre has launched its latest exhibit, Ocean Odyssey, on the third floor of the Shahzada Dawood Building. The new section was inaugurated by Mr. Abdul Samad Dawood, Trustee of The Dawood Foundation and Vice Chairman of Dawood Hercules Corporation on Monday, 26th August 2024.

The Ocean Odyssey section showcases a range of interactive exhibits that explore the beauty and importance of our oceans. Visitors can discover the secrets of the five oceans, understand their role in producing oxygen and regulating climate, and experience the vibrant marine life in the Centre’s aquarium. The exhibit also addresses ocean pollution and the need for conservation efforts.

“We are thrilled to unveil Ocean Odyssey, an exhibit designed to inspire curiosity and a greater appreciation for our oceans,” said Mr. Abdul Samad Dawood. “This section highlights the beauty of marine life and the oceans’ vital role in sustaining life on Earth. We hope that visitors will leave with a deeper understanding of the need to protect these ecosystems.”

The MagnifiScience Centre, home to 408 diverse science exhibits, is designed to foster curiosity and learning. Ocean Odyssey is now open to the public, offering an engaging educational experience for all ages.

Lahore (Muhammad Yasir)

Dr Gohar Ejaz Group scores historic 16th consecutive win in APTMA elections, sweeps all nominated seats unopposed. The APTMA Election Commission has declared Dr Gohar Ejaz Group’s candidates as unopposed winners for the North and South Zone Executive Committees after scrutiny as per the election schedule for 2024-26, marking a decisive victory for the group. The textile industry has experienced remarkable growth over the past 15 years, with exports increasing by over $210 billion during 2010 to 2024. Dr Gohar Ejaz, the leader of APTMA, the industry’s supreme body, has been at the helm of this success, which has seen textile exports rise from $10 billion in 2009-10 to $16.5 billion in 2023-24, with a record high of $19 billion achieved in 2021-22. It led to exponential growth in the textile industry capacity to $25 billion under TERF. However, the industry was forced to operate at 65 percent capacity due to change in energy prices and taxation regime of sales tax in 2022. Under Dr Gohar Ejaz’s fearless leadership, Pakistan’s textile industry has witnessed a remarkable transformation, with a new breed of entrepreneurs rising to the challenge and doubling the country’s exports. His unwavering commitment and pioneering spirit have made him a legend in the industry, cementing his status as the champion of Pakistan’s textile industry. Dr Gohar Ejaz’s tireless efforts to boost Pakistan’s exports and industry were acknowledged by the federal caretaker government, which appointed him as the Federal Minister of Commerce in August 2023. His exceptional leadership skills were further recognized by entrusting him with the additional responsibility of Federal Minister of Interior. Dr Ejaz discharged both responsibilities with utmost dedication and integrity, earning the respect and admiration of the business community across the country. Today, not only the textile industry but the entire business community across Pakistan regards Dr Gohar Ejaz as their saviour. As the head of the Economic Think Tank of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he is championing the cause of industries nationwide. With a bold vision to propel Pakistan’s exports to $100 billion by 2030, Dr Ejaz is poised to leave a lasting impact on the nation’s economic landscape. Dr Gohar Ejaz has recently sparked a national movement against the exploitative electricity supply through IPPs by the country’s powerful elite, seeking justice for the masses. He has called on the government to investigate IPPs’ financial dealings and revise their contracts to ensure transparency and fairness. His petition in the Supreme Court of Pakistan has added momentum to the campaign. Meanwhile, the APTMA Election Commission has released the list of successful candidates from the North Zone, which includes prominent figures from the textile industry. The winners are: Mr Amer Fayyaz, Dr Gohar Ejaz, Mr Khawaja Muhammad Yunus, Mr Adil Bashir, Mr Kamran Arshad, Mr Amer Naseem Sheikh, Mian Muhammad Alamgir Jameel Khan, Mr Naveed Gulzar, Mr Shehzad Ahmed Sheikh, Mr Danish Qaiser Monoo, Mr Siddique Javed Bhatti, Mr Habib Anwar Sheikh, Mr Amer Abdullah, and Mr Muhammad Haris. Similarly, those from the South Zone elected unopposed include prominent figures from the textile industry, such as Mr Muhammad Jameel Qasim, Mr Khurram Inam, Mr Rafique Ibrahim, Mr Shoaib Dewan, Mr Muhammad Faizullah, Mr Asad R Premji, Mr Khalid Majid, Mr Khurram Ashfaq, Mr Adeel Tata, and Mr Mahfooz Ahmed Bajwa. APTMA transformation from yarn and fabric representative body to complete value chain is visible in the composition of the executive body, which is being represented by CEOs of largest denim garments , home textiles, knits, towel, dyed fabrics, cotton yarn and synthetic textiles companies, the leadership of Dr Gohar Ejaz has Created an everlasting impact on APTMA as the apex body representing all segments of textiles value chain. Dr Gohar Ejaz has hailed the newly elected members on their unprecedented 16th consecutive win in the APTMA elections, covering both North and South zones. He hopes that the new leadership will actively contribute to bolstering the country’s exports and collaborate with the government to create a conducive business environment in this respect