Govt economic measures revive business confidence at PSX

Karachi (Muhammad Yasir) The fresh economic measures taken by the new government has revived the confidence of the investors at Pakistan Stock Exchange (PSX) who are now set to bring back trading activities with new resilience.

This was stated by Suleman Mehdi, Chairman Pakistan Stock Exchange at Pakistan Operational Excellence Summit 2018 held in Karachi at a local hotel.

Speaking as the chief guest, he said the government addressed the concerns of equity investors recently to quell the uncertainty, which is the worst phenomenon in the business of stock market.

The direction of the government has been outlined as it will go to International Monetary Fund (IMF) as well as friend countries for loans and assistance, thus revitalizing business activities with a new lease of life in the country.

Operational excellence is the indispensible field of the business to boost up the bottomline of the corporations; hence local corporations should considered operations as the backbone instead of considering it as an ordinary department.

He added top companies of the world with growing market capitalization achieved operational excellence which gave an edge to them over traditional corporations with global operations.

“It was a great platform to share best practices and take some inspiration from different industries operating on similar principles and to network with your operational excellence and business transformation peers facing the same challenges as you are throughout their journey”.

Pakistan Operational Excellence Summit 2018 was organized by MNBEC, supported by EFESO Consulting & Tufail Chemicals and facilitated by Occasions Event Planners & Organizers.The main objective of the summit was to prepare a management team; equipped with operational business strategy, implementing the change in their organization’s processes and systems and also adding values to the lives of stakeholders.

A fraternity of inspirational speakers, operational excellence and transformation leaders, and corporate experts from some of the biggest national and global organizations attended the summit and spoke to the audience.

They highlighted the significance and means of achieving a hybrid model for cost containment, operational output and stable work force.

Pakistan is a promising country having talented human resource to reach at par the level of developed countries as it should start to implement best operational practices in business along with consistent acquisition of advance knowledge of strategy, said by  Mr Ahmet Aydin, Senior Manager-EFESO from Turkey while speaking to the audience.

Shakaib Arif, Director Integrated Supply Chain – National Foods Limited said: “ The summit is a unique experience of its kind and will play an instrumental role in developing the business  professional in general and supply chain in particular.”

Ilyas Sheikh, Information Secretary Sind of PTI was guest of honor.

Founder & CEO, MNBEC Mr. Abdul Rehman shared his vision behind the need of Pakistan Operational Summit. He stated that: “The way we spend our one day in business defines our destiny so in order to bring excellence in every operational step, we need to adopt in cultural elements which ensures growth and sustainability”.