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Business Plan Competition LUMS 1st & 2nd Kinnaird College 3nd

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Business Plan Competition LUMS 1st & 2nd Kinnaird College 3nd

Lahore: The Lahore University of Management Sciences Friday secured first two positions of the LCCI Business Plan Competition while the third position went to Kinnaird College.

The Business Plan competition was jointly chaired by Vice Chairman of Punjab Board of Investment & Trade Pir Saad Ahsanuddin, LCCI Senior Vice President Ejaz A. Mumtaz and Vice President Faisal Iqbal Sheikh while the LCCI former President Mian Muzaffar Ali and former Vice President Sheikh Muhammad Arshad were also present on the occasion. The Competition was inaugurated by former LCCI President Shahid Hassan Sheikh.

The idea behind the Business Plan Competition, which was initiated by the LCCI Vice President Faisal Iqbal Sheikh in 2006, was to encourage the young graduates so that they could be able to start their own businesses in a new and innovative manner.

Addressing the participants, the LCCI Senior Vice President Ejaz A Mumtaz said that it was prime duty of the Lahore Chamber of Commerce and Industry to promote business activities in the larger interests of the industry which is suffering because of lack of professionally skilled and competent people.

Speaking on the occasion, the LCCI Vice President Faisal Iqbal Sheikh urged the students to prepare themselves for coping with fast emerging global challenges. He said that the entire world was impressed with the talent of Pakistani students but a large number of them were suffering for want of proper opportunities. He said that the Lahore Chamber of Commerce and Industry in collaboration with the government was evolving a strategy to promote talented young entrepreneurs. As many as nine prominent universities and colleges of the provincial metropolis including University of Central Punjab, Kinnaird College, Government College University, COMSATS, Lahore University of Management Sciences, Imperial College of Business Studies, Forman Christian College, Lahore Grammer School and University of Management and Technology took part in the competition which continued for whole of the day. The competition was largely attended by students and businessmen belonging to various faculties and institutions. At the end of the function, prizes were given to the students of Lahore University of Management Sciences, Kinnaird College while special prizes were given to University of Central Punjab and Lahore Grammar School. F.P. Report