LAHORE: Punjab University Vice Chancellor Prof Niaz Ahmad has said that this is one of the prime responsibilities of the university to create new knowledge and resolve socio-economic problems through ideas, inventions, innovations and research. He was addressing a two-day 2nd International Conference on Business and Commerce (ICBC-2021). Dean Faculty of Commerce Prof Dr Zulfiqar Ahmad Bora, Prof Wallace Ford from City University, New York, researchers from various parts of the country, faculty members, students participated in the event while eminent experts from 7 countries are participating in the conference online. Addressing the inaugural session, Prof Niaz Ahmad said that people were looking towards higher education institutions for solutions to their issues. He said that we must keep our national needs in our minds and how we could play a role in bringing positive change. He urged the students to apply their knowledge in the relevant fields. He said that PU would encourage and fund those projects that addressed major issues being faced by the society and the country. He appreciated Prof Dr Zulfiqar Bora for bringing significant change to the academic and administrative sides of the college and bridging the gap between the HCC and the industry. Prof Dr Zulfiqar Bora said that the college had introduced 8 new degree programs as per modern needs of the market. He said that the HCC graduates got job offers even before completing their degrees because of the high standard of education and skills being imparted to the students. He said that the college had a plan to construct two six-story towers along the existing building of the college. He said that the college had also launched state-of-the-art executive training programs. He said that the number of college students was expected to reach six thousand in the upcoming years. He said that the conference had been organized to provide a platform to young students to interact with senior researchers and learn from each others’ experience. The conference will continue today.