‘Tech advancement & innovation key to business success’
LAHORE: Technological advancement is a key of success for the business as not only it opens new avenue for progress & prosperity but also provides a chance to the business community to avail the global opportunities with ease.
These views were expressed by the LCCI Vice President Nasir Saeed while addressing the inauguration ceremony of ATS latest machinery display center here at Badami Bagh. Chairman PASPIDA Abul Hameed, Vice Chairman Mian Ibrar Hussain, the LCCI Executive Committee Members Mian Zahid Javed, Abdul Razaq, Waqar Ahmed Mian, CEO ATS Amjad Wazir, Khalid Wazir, Sohail Imtiaz Butt, Faisal Imtiaz, Zeeshan Khalil and others were present on the occasion.
The LCCI Vice President said that Pakistani entrepreneurs should focus on innovation as it is one of the proven tool to win the global market. It is a good omen that business community is diverting its attention towards modern technology and shifting their business operations on latest techniques.
He said that only market & product diversification can help us to make our way in the global market therefore government and private sector should focus this area though jointly evolved strategy. Nasir Saeed said that it is a matter of concern that we are still struggling to achieve the export target of $ 25 billion despite having all resources to move forward while those countries are far ahead of us which were following our economic role model in the past. LCCI President said that Pakistan's exports base is extremely limited and concentrated in five products namely cotton, leather, rice, synthetic and textile. He said that more than 60% exports earnings are contributed by the textile industry while 15% of total exports contributed by leather, synthetic made ups and rice.