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2009
 
Date: 29-April-2010
 

Discussion Forum of Economics Department

 

Department of economics University of Gujrat launched first session of the series of discussion forums on April 28, 2010.  Economics department took the initiative to launch discussion forum under the dynamic supervision of Dr. Atif Ali Jaffri. These forums will provide an excellent opportunity for students to express their views on different burning issues. Experts from various fields would enlighten the students regarding the discussion topics in the light of their experiences. Topic for the first session was “Are Pakistani Universities Producing Labor Force Irrelevant to The Market Demand?” . Mr. Wajaht Masood, Incharge of Editorial committee Daily Times and leading journalist of Pakistan, was the chief guest of the session. Session was presided by Vice Chancellor University of Gujrat, Pr. Dr. Muhammad Nizam uddin. Participants of the discussion included; Pr. Shabbir Hussain Shah, Chaudry Masood, Dr. Zahoor Ahmad, Dr. Ashraf , Mr. shahid Minhas, Ms Sadia Yousaf, Ms Issma Khatoon and Ms Rooma Asjad.

 

After recitation of Holy Quran Dr. Atif introduced the pattern of the session to the audience and shared his views regarding the topic. Then Participants formally started the forum giving their views for and against the discussion topic. Ms Rooma Asjad from BS 6th semester agreed with the statement saying that Pakistani universities are not fulfilling the demand of labor force. Our labor force is unskilled and they don’t have any practical approach to their subject. The unemployment rate has increased in educated labor during last five years. The reason of increased unemployment rate is that there is a mismatch between labor force and market demand.

 

Then Ms Isma Khatoon from M.Sc. 4th semester gave her views against the motion. Giving an optimistic view she said that our labor force is skilled and full of potential. We have many worldwide famous economists, doctors, engineers and scientists. They were from the same universities, and have similar facilities and environment. So we can’t blame that our universities are responsible for producing irrelevant labor force. There exists a gap between employers and job seekers. There is just need to bridge the gap between them.

 

Ms Sadia yousaf from M.Phill argued that objectives of Pakisitani Universities do not match with the demand of labor force in the market. Universities are lacking a good blend of competence, to inculcate professional ethics in the students and burning desire among the students to succeed in life.

Dr. Zahoor Ahmed told what type of skills graduates should develop in them to cope with the problem of unemployment. Graduates should have management skills and broader understandings of instantly changing psychological, economical and political environment of the world. Students should involve themselves in practical things like case studies and internship. These can help them to achieve management skills. Lack of research of emerging endogenous issues, and future challenges is creating a gap between theory and practice.

 

According to Mr. Minhas economic stability is strongly related to political stability. The limited resources are not allocated efficiently. Only 15 Pakistani universities fall into good universities of South Asia. The female students are not participating to serve the nation. 80% of male and only 20% female students are serving the nation. So, the scarce resources are wasted and misallocated. Production of human capital is basic and ultimate goal of any university. Pakistan is mainly a consumer society where, resources are not put efficiently into productive uses. Human capital produced by our universities is not properly utilized.

Chaudry Masood simply shared his views about our current educational system. He enlightened the causes of a lagging education system of our country. He said there couldn’t be any fall before rise. Pakistan has not yet risen to the horizons of world so there doesn’t prevail any question of fall. He said the education is just like an industry, which produces human capital as the most precious asset of any country. We are just copying west and trying to adopt its educational system, which does not fulfill our requirements. The new age is just producing strong commercialism.

 

Mr. Ashraf said that we should focus on generation of knowledge in scientific and systematic manner which is the most important demand of the day. We should visualize our domestic problems and seek solutions from the examples of developed nations. Professor Shabbier Hussain Shah said that there is lack of cohesion between university graduates and market demand. Market is not in our control but to mold students is the role of university. There is dire need to formulate policies to change the behavior of market. Our political hierarchy is incapable to formulate any effective policy regarding it.

 

Chief guest Mr. Wajahat Masood appreciated the freedom of expression at university of Gujrat. He said that the purpose of university is to think and to ponder on problems to seek their solutions. University educates people and produces leaders. Human society is variable and it changes on the flux of moment. It is not stagnant. Development of a nation depends upon development of its human capital. Our basic paradigm is power not knowledge. Three Ps are very important i.e. production, profit and prosperity. Production generates profit which ultimately brings prosperity in a nation. For this we need three T i.e. trade, transit and tourism. Transition of a society is very important. Civilian minds utilize location according to their benefit and can better allocate resources. Tourism is very important, we can earn 1 billion yearly if we ensure security and give basic facilities to tourists. Prosperity, pleasure and security are needed to flourish tourism industry. We see all these things as an ideal, but idealism is realism in the long run. Social responsibility is a very important factor for development. Everybody must realize his responsibilities towards society and nation. Inability to integrate and lack of adaptability to the new environment is the major cause of failures. While answering student questions he said we should adopt four things from west:

1.       Knowledge

2.       Education

3.       Institutionalization

4.       Sustained process, which is very important for growth and development of an economy.

 

Dr. Nizam uddin vice chancellor agreed with the statement. Attending the question answer session from students he summed up the discussion saying that there is lack of practicability among students, which is the main reason for production of irrelevant labor force to the market demand. He said internship must be ensured for each student every year or at least once in two years. Social scientist is needed to take some practical measures to solve the problems faced by our economy. Universities should produce good human beings that are good economists, psychologists, sociologists etc. In the end he appraised the initiative of economics department and congratulated Dr. Atif Ali jaffri on such an awesome and exemplary initiative for the betterment of students of University of Gujrat.

 

 

 

 

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