Lack of IT skills a challenge

The speakers were of the view that Muslims at the international level represent 1/4th of the world’s population, possesses 70 percent of world’s energy resources and 40 percent of the global availability of raw materials, but the collective OIC share in global trades is barely 6-7 percent. The human development indicators are among the lowest in the world. In today’s globalized world, economic strength determines the status and position of a bloc or a country in the comity of nations.

They said that they had made little progress politically or economically. Islamic Development Bank, the financial wing of the OIC, created to promote economic cooperation between Muslim states, has maintained a low-key profile. The IDB should not only proactively promote major infrastructure projects such as Telecom and IT but also provide funding in this regard.

Now-a day, communication plays a vital role in confidence building process among all nations and governments and therefore one of the prime responsibilities of all the Islamic States in the present milieu is to encourage public sector for research and investment in the field of IT as much as possible.

The LCCI President Mohammad Ali Mian, speaking on the occasion, said that the Lahore Chamber of Commerce and Industry by holding this International Conference & Expo has tried to identify potential areas of mutual economic cooperation regarding telecommunication Sector.