Karachi, April 6, 2009: Mr. Salim Ghauri, CEO NetSol Technologies, visited The Institute of Business Administration Karachi, as part of the “Distinguished Lecture Series”. NetSol Technologies, launched by Mr. Ghauri in 1996, is ranked among the top 10 fastest growing Software Companies in the US and is also ranked on NASDAQ. Mr. Ghauri is also the Honourable Honorary Consul General of Australia in Pakistan. Mr. Sultan Raza, senior faculty member, welcomed Mr. Ghauri and lauded his efforts as an entrepreneur.

Speaking on the topic of “Entrepreneurship”, Mr. Ghauri invited the audience to be a dreamer. He explained that in order to achieve big goals, you have to dream bigger. The speaker said that luck favours those who take risks and are prepared to march on despite the odds and harsh adversities. Speaking about NetSol, Mr Ghauri elaborated on the humble beginnings of the company in Australia and its gradual rise as a competent and innovative software company. Mr. Ghuari stressed on being different and quoted his ambition of joining NASDAQ as an example. The speaker emphasized on diversifying operations in order to minimize risks and to expand into newer frontiers. In a final advice to aspiring entrepreneurs, Mr. Ghauri urged the audience to accept Pakistan as it is and to strive for making it a better place.

The Director IBA, Dr. Ishrat Husain thanked the esteemed guest for enlightening the audience on the various facets of Entrepreneurship and the incumbent challenges. The Director advised the students never to give up in the face of hardships and to learn from role models such as Mr. Ghauri and other inspiring business leaders of today. The Director then presented Mr. Salim Ghauri with a commemorative shield and closed the session.

The Director IBA, then concluded the session by thanking the guest speaker. He was of the view that Islamic Model of Economics is the way forward since it combines the good aspects of capitalism and socialism.

Finally, Dr. Ishrat Husain presented Mr. Syed Ali Raza with a commemorative shield and closed the session.