Islamabad: The 7th edition of LEADERS IN ISLAMABAD BUSINESS SUMMIT (LIIBS) started with a full house. More than 15 global speakers and 1000+ delegates participated in the event to unlock development and collaboration opportunities for profit and development.
The 7th edition of LIIBS is jointly organized by Nutshell Group and Unity Foods Limited in association with OICCI (Overseas Investors Chamber of Commerce and Industry), Platinum Partner and Faisal Bank Limited and InfraZamin Pakistan. The theme of this year’s event is Partnership for Growth.
Federal Minister of Finance and Revenue Senator Muhammad Aurangzeb, who recently returned from Washington after discussions with the HPG, highlighted the immediate “must be done”. On the proactive role of the government, he said, “Agriculture and IT exports are two sectors that can drive the growth of Pakistan’s economy. As an investment, we need to prepare bankruptcy projects. There was a 33.6% increase in agricultural loans between July and February of this fiscal year. The government has aims to reduce inflation and provide relief to the weaker sections of the society. Efforts are being made to control inflation and provide assistance to the weaker sections of the society. FBR tax collection exceeds PKR 6,707 billion, an increase of 30.2% Ministry of Finance and Ministry of Law do steps to improve cooperation in revenue collection.
Welcoming distinguished public sector executives, world leaders and delegates to the 7th edition of LIIBS, former Investment Minister of Pakistan Muhamad Azfar Ahsan reinforced the vision of a successful, independent and integrated Unity Foods Limited and Nutshell Group. stable Pakistan. “Pakistan is at a crossroads but I hope the financial team under the dynamic leadership of Finance Minister Muhammad Aurangzeb will cooperate and do the needful. “To move forward as an industry, we need a talented team in four areas of interest: political governance, bureaucracy, business leaders and community business.”
Prof. Ahsan Iqbal appreciated the event and said in an interview to BIG Photo, “We are committed to portray Pakistan as an honorable country. Let’s stop playing politics and become an economic country in the coming years. The key to success is to compete and cooperate in time.” the same. When it comes to market share, we have to compete, but when it comes to industry share, we have to cooperate, and with this strategy, we can be on the growth trajectory in the next 2 years.
Lt. Colonel Omar Mahmood Hayat (Rtd), Chairman Unity Foods Limited expressed his desire to engage in more joint efforts for the national interest of Pakistan and said, “Considering the current environment, if ever there is a time for a joint approach. , especially for business in Pakistan today. It is important encourage participation in public-private partnerships to solve industrial problems, support regulatory reform, and advance sustainable development initiatives.
Pakistan Senate Speaker Syed Yusuf Raza Gilani highlighted the futuristic approach to strengthening Pakistan’s infrastructure and the proven success of global corporations in the region, saying, “It is very important that the differences between political powers end. Inflation is at the highest level in the history of our country. In Pakistan, income per per capita is declining due to a decline in investment. Pakistan is facing many environmental problems such as floods, rainfall, rising temperatures and others. sector, public and private, and with regional and global partners.”
The Energy Session was chaired by Federal Minister of Energy (Energy Division) Sardar Awais Ahmad Khan Leghari, who spoke about the history and current paradigm of the energy sector in Pakistan. Talking about the steps to be taken, he said, “Energy sector in Pakistan is facing many challenges, growth cannot be hindered because it requires subsidies for certain socio-economic classes. The government should have the courage to take social responsibility while encouraging industrial development. It must strike a balance between supporting industrial development and ensuring that essential goods are available to all sections of society.”
Minister of State for IT and Telecommunication, Shaza Fatima Khawaja, pointed out the bigger picture that Pakistan needs to focus on. “The government’s goal is to digitize Pakistan. Governance, economy and society in general. We will invite technology experts from Pakistan and around the world to help us and ensure transparency, ease of doing business, and smooth governance that will lead to sustainable growth. By combining resources, expertise and perspective, private and public partnerships can leverage the strengths of both sectors to address the complex challenges and opportunities of our rapidly evolving digital landscape.”
Dr Ishrat Hussain, N.I, H.I, Author, Economist, former Federal Minister and Governor of the State Bank of Pakistan said that cooperation is important for long-term national goals: “Pakistan needs broad and sustainable development. It should only benefit a few while the rest of the population is left behind .In Pakistan, there should be a common goal of a common mandate.
Lasha Tabidze, Global Chief Digital Officer, VEON, emphasized the importance of technology in joint ventures and said, “Pakistan will soon be part of the digital future. Our focus is on the rural and peri-urban areas of Pakistan. JazzCash aims to reduce the divide financially by empowering women and the youth population of Pakistan. With 30% of JazzCash’s wallet customers being women, 23,000 registered women merchants and 6,000 women agents working on the digitalization platform, the scope is unlimited.”
Layth Al Falaki, Executive Director of GuarantCo Limited: “We have been working in Pakistan for 10 years and have invested in 20 projects. Investments have been made in alternative energy and the digital sector. Asian countries face a deficit of $450 billion per year in the infrastructure sector and $900 billion per year in the social sector. If anyone wants to bring foreign investment to Pakistan, make it easy for people from the country,” he said.
PTCL Group President and CEO Hatem Bamatraf shared his experiences and insights on events that best fit the theme of the conference. It focuses on connectivity as an accelerated path to digitization and development for Pakistan. A strengthened telecommunication infrastructure is important for development as it should be a central force in all other sectors, he said. “As the 5th most populous country in the world, Pakistan can benefit from the industrial revolution and 60% of its population is youth, this demographic can increase income. Being born in the digital age gives the youth of Pakistan a huge advantage, and because a large percentage of them speak the language England, it gives them an advantage.”
