Governor State Bank Attends MOU Signage Ceremony as Chief Guest Between IBA-PU and Meezan Bank Limited
In order to address capacity building challenges in SME Banking, Institute of Business Administration, University of the Punjab (IBA-PU) and Meezan Bank Limited are becoming strategic partners to create a synergistic effect. Both partners will collaborate to launch an MBA in “SME Banking & Entrepreneurship” in IBA, University of the Punjab which is a prestigious alma mater.In this regard, MOU signage ceremony was held at Vice Chancellor’s office, University of the Punjab on February 10, 2018 wherein high officials of both the partners were present. Prof. Dr. Shahid Kamal, Acting Vice Chancellor, University of the Punjab presided over the ceremony. Mr. Tariq Bajwa, Governor, State Bank of Pakistan graced the occasion as Chief Guest on the MOU Signage to encourage both the partners for achieving this milestone. The MOU was signed by Vice Chancellor, University of the Punjab & Mrs. Sajida Nisar, Incharge Director, IBA-PU on behalf of University of the Punjab and Mr. Irfan Siddiqui, President & CEO, Meezan Bank Limited on behalf of Meezan Bank Limited.
Mrs. Sajida Nisar in her welcome address said that IBA has been dedicated to impart world-class, market competitive education to aspiring leaders, entrepreneurs and managers. Initiating MBA “SME Banking and Entrepreneurship”, a capacity building program would be creating a historic milestone because it will be one of its kinds in Pakistan and would be distinctive competitive advantage for IBA-PU. This SME Banking & Entrepreneurship degree would go a long way in the boost to economy as SME’s are the harbinger of economic productivity. The proposed MBA program aims to minimize the gap among banks, academia and entrepreneurs, as the State Bank of Pakistan has dubbed 2018 as the year of SME’s.She admired that Meezan Bank Limited had promised to leave no stone unturned in making this program a huge success in IBA-PU.
Sharing his thought on this, Mr. Irfan Siddiqui, President & CEO, Meezan Bank Limited was delighted to develop strong mutual ties between banking and academia for the progress of two sectors. He also expressed that the major areas that need to be addressed are SME Banking and Entrepreneurship and this MBA program will produce trained resources who will contribute to the SME sector of Pakistan.
Mr. Tariq Bajwa, Governor State Bank of Pakistan expressed his gratitude and highlighted the importance of three major sectors that can contribute to the growth in economy of Pakistan. These are Agriculture, SME and Low Cost Housing. He highlighted the importance of industrial sector and appreciated the efforts of IBA-PU and Meezan Bank in launching MBA in SME Banking and Entrepreneurship.In the end, Acting Vice chancellor, Prof. Dr. Shahid Kamal appreciated the efforts of both the parties. He expressed that by materializing the agreement, IBA-PU and Meezan Bank will be asked to set a right precedent for imparting quality education on SME Banking and Entrepreneurship in Pakistan and prepare professionals who are able to induce efficiency and productivity to the SME industry.
All the participants applaud this great initiative with the hope that this joint collaboration would be in the national interest which will develop SME Bankers and also equip individuals to become entrepreneurs. Later, Prof. Dr. Shahid Kamal presented the souvenirs to the guests.