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Preston Institute: New campus at Islamabad

Private sector participation is being actively encouraged by the government

Jan-14 - 20, 2002

The acting President of Islamic Republic of Pakistan, Mr. Justice Irshad Hasan Khan has observed that public sector cannot meet the demand of higher education and therefore the Private Sector participation in the field of higher education was being encouraged by the government.

While inaugurating the newly built Islamabad campus of Preston Institute of Management, Science and Technology in Islamabad last Friday the acting President said, that education is one of the most critically important areas of our society, and the challenge of adequately and properly educating the nation is indeed a gigantic task. Addressing a distinguished gathering of educationists, high ranking members of the civil bureaucracy, heads of public and private sector corporate enterprises, and the management, staff and faculty of Preston Institute, the acting President Mr. Justice Irshad Hasan Khan further said that higher education in an area where the challenges are greater, the resources are limited, and the demand for resources is extremely high. Everyone is fully aware of this fact that the public sector alone cannot meet the demand for higher education. Private sector participation in the field of higher education, therefore, is not only welcome but is being actively encouraged by the government.

Talking about the importance of Information Technology, a field that has taken the entire world by storm, he said that to earn a respectable place in the comity of nations, Pakistan would also need to take big strides to make a major breakthrough in the field of Information Technology to bring the country at the forefront of this emerging field. The Government of Pakistan, he said has formulated a revolutionary and comprehensive IT policy and is pushing through a very extensive agenda of major IT development programmes and projects.

In this regard, he culogised the role of Preston Institute, which, he remarked, accepted the challenge and came forward to contribute in this major nation-building task. He also lauded the endeavours that Preston is continuing to make towards the cause of higher education in the country, since the past eighteen years. He congratulated the management and the Chairman of Preston Institute, Dr. Abdul Basit on successfully accomplishing the construction of its own campus in the capital, and expressed the hope that the Institute's new campus would become a creative and well-known seat of learning in the country.

Earlier, welcoming the acting President of Pakistan, Mr. Justice Irshad Hasan Khan, the Chairman of Preston Institute of Management, Science and Technology, Dr. Abdul Basit gave a detailed account of the institution from its inception (in 1984) to date. He said Preston was the first institution of higher learning to have been established in the private sector in Pakistan. The enviable stature that Preston has attained today and the reputation it enjoys in the comity of reputed institutions of higher learning in the country is due to the untiring efforts of its dedicated management team and faculty. Highlighting the significance of the institute's graduate and postgraduate academic programmes in Business Administration, Information Technology and other fields, he said all its academic programmes are market-driven which is why its graduates, on graduating, are readily absorbed by national and international business and other organizations both within the country and abroad. Dr. Basit informed that Preston Institute of Management, Science and Technology is a chartered and recognized Degree Awarding Institute. The government of Sindh conferred a charter on PIMSAT vide Sindh Ordinance No. xxvi of 2001 in August last year, and in recognition of this decision of the Sindh Government the University Grants Commission (UGC) enlisted the Institute in UGC's consolidated list of chartered/recognized public and private Universities and Degree Awarding Institutes of Pakistan, he said.