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LUMS hosts Startup Weekend Lahore 2017

11:42 AM | 16 Nov, 2017
LUMS hosts Startup Weekend Lahore 2017
LAHORE - The internationally renowned event, the Startup Weekend, which enables potential and aspiring entrepreneurs to work in an interactive environment to make their ideas a reality, was held at the Lahore University of Management Sciences (LUMS) from November 10 to 12, 2017.

The event witnessed a rigorous 54-hour marathon of an intensive team working, networking and socialising, providing a platform to transform startup ideas into applicable businesses. The Startup Weekend not only assists the participants in practically carrying out their ideas but also helps them reach global markets.

Day one was all about getting to know each other with fun packed ice-breaking sessions and interactive talks to ensure a friendly environment so that everyone feels comfortable.



The event was opened by Prof. Dr. S. Sohail H. Naqvi, Vice Chancellor LUMS followed by Faisal Sherjan, Director National Incubation Centre, Lahore, Humayun Mazhar, Founder, Chairman and CEO CresVentures addressing the participants followed by an introduction of the coaches, speakers and guests.

Of the 120 participants, 63 gave a 60-second pitch about their business idea and attendees voted for the top pitches. The event was attended by renowned entrepreneurs such as Humayun Mazhar, CresVentures; JehanAra, President P@SHA and The Nest I/O; Fahad Yaqoub, Tech Expert and Head of Engineering Quixel and Saj Khan, Former Head Convo.

The ideas that had immense potential and were selected were Liticle, dreamX, Xhaust, Venueology.com, Oostad, Pet cash fishing farm, Find key, Virtual surgery, Pak-freight, Idea jozindagibadal de, Viraas, Millionaire media, Timekeeper, Base plan, Color your life, Serge, Trev card, Cake factory and V swat.



The day was closed by a dinner and a networking night where the budding entrepreneurs were given a chance to connect with renowned entrepreneurs. Of the 60 ideas presented on Day 1, 20 were shortlisted and teams were formed among the remaining participants. A healthy community building exercise took place as people selected new team members.

The second day of the event was all about interacting and working on the ideas that were selected on the first day. The participants formed teams and rigorously started working on their ideas for the final presentations that were to be held on day three.

They all gathered in the Smart Lab of the Computer Science department at the LUMS Syed Babar Ali School of Science and Engineering and worked in teams, providing each other assistance in areas they were good at, creating a dynamic environment that promoted creativity and innovation.



The teams were assisted by mentors from diverse entrepreneurial backgrounds providing them with valuable advice and insights about their business ideas and constantly guiding them on the details.

The mentors who assisted the participants were Omar Farooq, Happa Studios; Abid Malik, Director Indus Ventures; Fahad Yaqub; Syed Ali, CEO 7vals; Khurram Samad, GenIT; Abdullah Ahmed, Software House; Saj Khan, Senior Programme Manager Scrybe; Awais Younas, CEO SPM Consulting; ShayanZaeem, Co-founder Fizz.io and Abbas Yousafzai, Co-founder CTO Yotascale.

The third day was all about adding final touches to the ideas followed by a formal presentation. The final ideas, selected at the end of the first day, continued to be mentored during the first half of the day.

They worked rigorously on their final presentations assisted by mentors from the previous day. Additional mentors, such as Dr. Amena Hasan, CEO of Business for Social Progress, Maha Rehman, Development Consultant and Dr. Mahrukh were also available at the venue to assist the participants.



The latter half of the day consisted of presentations where each team was given 5 minutes to pitch their ideas to the judges followed by a 3 minute Q&A session. Syed Babar Ali, Pro-Chancellor LUMS also made an appearance and stayed at the venue for most of the presentations.

The panel of judges consisted of some of the most well-reputed entrepreneurs such as JehanAra, President P@SHA and The Nest I/O; Tosheeba Sarwar, Business Executive and Advisor; BadarKhushnood, Co-founder and Partner at Bramerz and Murad Akhter, Co-founder and CEO Tintash.

The event was closed with a dinner followed by a closing ceremony where ESurge was declared the winning idea followed by Viraas and Base Plan as runner-ups.

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Pakistani rupee inches up against US dollar, Euro, Pound and other currencies - Check forex rates here

Pakistani rupee advanced its winning momentum against US dollar, and other currencies in the open market amid strong economic cues.

Dollar Rate in Pakistan Today

On Saturday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.

Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.

UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.

Today's currency exchange rates in Pakistan – 2 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.15  287.95 
Euro EUR 309.9  310.5 
UK Pound Sterling GBP 359.4  360.05 
U.A.E Dirham AED 77.45  77.6
Saudi Riyal SAR 75.82 75.97
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 759.94 767.94
Canadian Dollar CAD 209.99 210.49
China Yuan CNY 39.78 39.88
Danish Krone DKK 41.95 42.05
Hong Kong Dollar HKD 36.38 36.48
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.39 935.39
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 742.16 750.18
Qatari Riyal ‎QAR 78.5 79.2
Singapore Dollar SGD 212.45 212.95
Swedish Korona SEK 27.09 27.19
Swiss Franc CHF 325.38 325.88
Thai Bhat THB 8.05 8.09

Gold registers big fall in Pakistan; check today gold rates in Pakatan - 2 December 2023

The price of gold fell by thousands of rupees as precious metal lost shine despite an upward trend in the international market.

Gold Rates in Pakistan Today - 2 December 2023

On Saturday, the price of a single tola of 24-karat gold stands at Rs217,300 and 10 grams of 24k gold costs Rs186,300.

Meanwhile, single tola of 22 Karat gold costs Rs199,190, 21 karat rate costs Rs190,138 and 18k gold rate is Rs162,975.

Globally, gold prices hover at around $2072, gaining $32 on Saturday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,300 PKR 2,705
Karachi PKR 217,300 PKR 2,705
Islamabad PKR 217,300 PKR 2,705
Peshawar PKR 217,300 PKR 2,705
Quetta PKR 217,300 PKR 2,705
Sialkot PKR 217,300 PKR 2,705
Attock PKR 217,300 PKR 2,705
Gujranwala PKR 217,300 PKR 2,705
Jehlum PKR 217,300 PKR 2,705
Multan PKR 217,300 PKR 2,705
Bahawalpur PKR 217,300 PKR 2,705
Gujrat PKR 217,300 PKR 2,705
Nawabshah PKR 217,300 PKR 2,705
Chakwal PKR 217,300 PKR 2,705
Hyderabad PKR 217,300 PKR 2,705
Nowshehra PKR 217,300 PKR 2,705
Sargodha PKR 217,300 PKR 2,705
Faisalabad PKR 217,300 PKR 2,705
Mirpur PKR 217,300 PKR 2,705

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