LCCI trains 100 persons on export management
LAHORE: The Lahore Chamber of Commerce and Industry’s (LCCI) six-day certificate course “Certificate in Export Management” concluded on Saturday with 100 people benefiting from the training.
The basic objective of the LCCI initiative was to equip young entrepreneurs and potential export managers with state-of-the-art exporting skills. The experts addressed different sessions of the course in which presentations were focused on key factors belonging to exports.
The experts threw light on significance of exports for national economy, governing the rules and regulations, methods of settlement in international trade, export documentation and procedures, SBP regulations for export, export refinancing schemes, international trade and transport, land, air and sea transportation, obtaining NTN etc. They also guided the participants on how to access foreign markets and how to find buyers for their products.
The closing ceremony was held under the auspices of the LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed while executive committee members were also present on the occasion.
Speaking on the occasion, LCCI President Sheikh Muhammad Arshad said that the certificate programme had a calibre of understanding the depth of a foreign exchange and international trade laws.
He said that our national export does not match with huge potential and therefore, young entrepreneurs would have to come forward and demonstrate their abilities to give a jumpstart to the exports.
The LCCI president said that the chamber felt the need of introducing this course keeping in view the ongoing stagnation in total exports of Pakistan. He said although there were many factors including energy crisis, high cost of business, low level of FDI and security issues, which did not allow us to enhance the level of exports but at the same time no significant efforts were made to encourage new exporters.
He urged the participants to work under a well-thought export strategy based on products marketing, adding that value addition was one of the best tools to earn huge foreign exchange and this target could be achieved through investment in technology, skill enhancement and research & development.
Arshad urged the young entrepreneurs to focus on trade with the regional countries that was more efficient in terms of cost and logistics, adding that Pakistan occupies a strategic location and has ability to act as a major player in transforming the region into a trade and manufacturing hub.
“The promotion of regional trade also offers promising benefits to the industry, as it would enable it to source raw materials from the region that would ultimately reduce cost of production and create opportunities to improve economy of scales by having easy access to neighbouring markets on the other hand,” he said. “Pakistan has lost momentum but it has ability to bounce back as it has over 50% of young population, 12% of known global natural resources, and all prerequisites to become a developed nation.”
He also stressed the need for building trust between employers, employees and business entities. He also urged the Pakistan businessmen to highlight soft image of the country to get their due share in the international market.