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[Pakistan] Seminar held on impact of IT on financial services
From: "SDNP Info" <info@isb.sdnpk.org>
To: "Comp-list" <comp-list@isb.sdnpk.org>,
Date: Tue, 5 Nov 2002 16:58:52 +0500
Seminar held on impact of IT on financial services
The News, By our correspondent, 5/11/2002
http://www.jang-group.com/thenews/nov2002-daily/05-11-
2002/metro/k7.htm
KARACHI: All intra-society unevenness, especially those caused by the
feudal class, should be eliminated and levelled out for elevating the
country to be able to exploit fully the blessings of information
technology (IT). This notion was put forward by the former consultant
of the World Bank, Ghulam Kibria, on Monday while speaking as the
chief guest at a seminar organised by the Defence School of Business
Education (DSBE) on "Impact of IT on Financial Services" held at the
Defence Creek Club.
He accentuated the point that Pakistan was lagging way behind the
developed countries fully utilising the resources of IT because of
the inherited unevenness in this society and exploitation of the
lower-caste classes on the part of the feudal landlords.
The former advisor to many leading global financial services also
reprimanded the roles and working of the past governments which
failed to provide international recognition and exposure to global
markets to the highly-skilled craftsmen belonging to least privileged
tiers of society. He termed the local industries of arms-making in
Darra Adamkhel and those producing surgical instruments in Sailkot as
the sectors which should be upgraded by latest relevant technology
and be given the exposure of international market.
He also held as compulsory the promulgation of the universal
education law in the country for making it at par with its
competitors globally. He referred to the South Indian region where
the IT industry flourished because the literacy rate is very high.
The Administrator, DHA, Brig Asif Ghazali said the advent of IT had
revolutionised the ways exercise of problem-solving and decision-
making have been carried out in all our major industrial sectors.
He said that telecommunications and IT were surely the two sectors
which held the required potential the exploitation of which could
bring unprecedented development and prosperity to the masses of the
country.
About the educational institutions of the DHA, he said the curricula
being taught at the colleges and universities had been constantly
upgraded and developed to meet the demands of the market.
Other speakers of the seminar said the financial services have been
revolutionised globally to the extent that now businesses were being
carried out at the speed of thought as predicted by the US-based IT
magnate, Bill Gates.
They said the introduction of the smart cards and micro-chips in the
consumer industry had profusely enhanced the rate at which now people
could carry out their shopping needs. Others speakers included
Giasudin Khan, Imran Qureshi, MA Sabzwari and Tariq Kaleem, all
leading wizards of the financial and IT sectors of the country.
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