There is a need to give deeper look into existing economic policies to get real benefit of globalisation that actually is a pack of opportunities. Pakistan is a resource-rich country but unfortunately previous governments did not tap this unmatched potential.
This was the upshot of the speeches delivered at a seminar on "Impacts of Globalisation on Public & Private Sectors of Pakistan" here at the Lahore Chamber of Commerce & Industry. LCCI President Abdul Basit, Convenor Standing Committee on Public/Private Linkage & Entrepreneurship Development Uzma Manzar, former Chairman National Counter Terrorism Authority (NACTA) Pakistan Khawaja Khalid Farooq, President Association of China Enterprise Wang Zihai, Chairman Turkey Tumsaid, Pakistan Chaudhry Anees Iqbal, Head of Digital Banking, FINCA Bank Global Sohail Malik, President South Asia Triple Heliex Abid Sherwani, were the key speakers.
The speakers said that world has become a global village which has created immense economic opportunities. Not only the developed but also the developing countries have benefited hugely but Pakistan is still lagging behind.
LCCI President Abdul Basit said the manufacturing sector needs support of the government to overcome the issues of high input cost and lack of skilled human resources to a reasonable share in the highly advanced international trade. It would also help produce employment opportunities, give a considerable boost to the national exports and also generate more revenue for the national exchequer.
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