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University of the Punjab

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Quality human resource to ensure better services in banking, insurance, business sectors: speakers
Quality human resource to ensure better services in banking, insurance, business sectors: speakers


LAHORE: (Wednesday, December 12, 2018): Speakers at an international conference have said that there is need to ensure production of quality human resource at academic institutions in order to provide best services in banking, insurance and business sectors for improving economy of the country. The conference was organized by Punjab University Hailey College of Banking and Finance in collaboration with Higher Education Commission of Pakistan at Old Campus here on Wednesday. Halal Development Agency Chairman Justice (r) Khalil ur Rehman Khan, PU Vice Chancellor Prof Niaz Ahmad Akhtar, State Bank of Pakistan’s Managing Director BSC Qasim Nawaz, Lahore Chamber of Commerce and Industry President Almas Hyder, HCBF Principal Prof Dr Mubbsher Munawar Khan, scholars from Japan, France and from various parts of country, faculty members and a large number of students were present on the occasion.

Addressing the conference, Justice Khalil ur Rehman highlighted importance, awareness and promotion of concept of Halal products. He expressed his opinion regarding business models of Halal products and Punjab government’s role in formalizing Halal industry through certifications and standardization. He called upon the need to encourage research on development of Halal marketing techniques. In his address, Prof Niaz Ahmad said that banking sector should improve quality of services and provide maximum facilitation to the customers. He said that latest technological developments in the field of banking sector must be introduced as it was the age of competition and survival of the fittest. He said that the incumbent PU administration was making efforts to strengthen industry-academia linkages so that quality human resource could be provided to the industry and curriculum could be developed as per modern requirements of the relevant fields. He said that higher education institutions needed to equip their students with skills so that they could deliver good services in their professions. He advised the students that their strength should be merit, justice, equality, transparency and they should follow the law. Mr Qasim Nawaz said that there was shortage of qualified labor in banking, insurance and business sectors and there was need to revise curriculum at academic institutions. He said that we need to adopt integrated approach where all the stakeholders could work together to strengthen the economy of Pakistan. He said that now the policies were more trade centric and there was need to conduct comprehensive survey of the small, medium and large-scale industries. He said that new technologies were being adopted by the banking sector to provide better facilities to the customers but still there were more opportunities yet to be introduced. He said that there was need to scrap obsolete rules and regulations and introduce reforms in banking sectors. He said that efforts were also being made to promote Shariah banking. He said that the system was good, then we could achieve any mark which was achieved by others. Mr Almas Hyder said that we lack planning regarding long term financing, which was necessary to launch mega projects. He said that it was the age of cross-fertilization of ideas and we need to integrate all stakeholders for development of banking, insurance and business sectors. He said that our academic system must cater to the need of the market for economic development of the country. He said that China Pakistan Economic Corridor was a golden opportunity to Pakistan to prosper and we must plan to develop SME sector too. Prof Dr Mubbsher Munawar Khan said that the conference would provide an opportunity to the fraternity from academia, social scientists, professional, key executives, researchers and students to abreast themselves with this wave of the shift the over in banking, insurance, risk and business management sectors.