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Young Leaders and Entrepreneurs Summit at LUMS

LAHORE, Feb 9(Daily Times): Pakistan's future lies in the hands of its youth, especially young entrepreneurs, Lahore University of Management Sciences (LUMS) pro-chancellor Syed Babar Ali said. He added that LUMS aimed at providing the youth a solid platform and mentoring to establish their businesses.

He was addressing the opening ceremony of the first Young Leaders and Entrepreneurs Summit organised by the LUMS Entrepreneurial Society (LES) at its campus on Thursday. Ali said entrepreneurs were the backbone of a country's economy and the engines that kept the society running. He said more than 2,600 students had earned professional business degrees from LUMS and 10 percent of them were running their own businesses. He said these people would lead the country in the future. He said people should run businesses, believing in a healthy competition instead of planning to develop monopolies.

LUMS vice chancellor Dr Syed Zahoor Hassan said LUMS was developing an unprecedented culture of research in Pakistan. He said the university was developing a number of modern faculties including the School of Science and Engineering (SSE), social sciences, law, economics etc, and these departments would generate solutions for Pakistan's problems. The Indus Entrepreneur (TIE) Pakistan Chapter president Dr Khalid J Chaudhry said the Pakistani youth should start believing in themselves and be original in their approach. He said he believed the new generation could produce entrepreneurs like Bill Gates if they worked with determination. LES founder Hassan Khan Sherwani lamented that the world was struck by violence. He said, "We should look into the root causes of issues when we seek their solutions." He added that the economy was a major factor in many problems of the modern society.

He said through the LES he wanted to find out solutions for the people's problems and provide the country's youths a platform to share their business ideas and boost their professional skills. A US-based young entrepreneur Asad Alam and LES president Tayyab Javed also addressed the ceremony.
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Updated: 24 May, 2012
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