Second convocation of the college of business management
Over a short period of just four years, the College of Business Management has established itself as a leading centre of business education in Pakistan. On 28th November 1999, the college held its second convocation. Degrees were awarded to 77 BBA (Hons) and 120 MBA graduates. An honorary M.Phil. degree in management was conferred on the governor of Sindh. Air Marshall Azim Daudpota in recognition of his meritorious service towards the enhancement of management efficiency in the defence services.
More than 300 students have now graduated from CBM. Areas of specialisation include finance, marketing, HRM, MIS and Hospital Management. An M.Phil. programme is also offered in the areas of finance and banking, HRM and marketing.
Air Marshall Daudpota, Governor of Sin& presided over the convocation. He recalled his long associations with the college and noted the close relationship between CBM and leading business houses in Sindh. He said that while the proliferation of business education institutes was a welcome development there was a danger that there will be a duplication of effort and wastage of resources. Unless there is commitment to quality upgrading, the market may soon be flooded with unemployable MBAs. There is thus a strong need to produce the type of human capital that is actually needed in the market and that can make an effective contribution to enhancing business efficiency. Business education institutes must not just compete with each other - it is much more important that they cooperate. The Governor said that public and private sector cooperation should go further. Public and private sector business colleges should pool resource and create the type of division of labour that can encourage the emergence of a new business specializations. He emphasized the need for broadening of the scope of business education and for increasing its access to local and provincial government officials and to the small entrepreneurs in the informal sector. Sindh urgently needs such programs specially in the area of urban and environmental management, the governor said.
In his keynote address Mr Shafqat Ali Shah Jamote Federal Minister for agriculture stressed the need for grounding business education on strong moral foundations. Students should have strong moral commitment to the country. Globalisation posed new challenges and modernizing business education to respond effectively to these challenges was an urgent necessity, the Minster said.
Mr Mahmud A. Haroon, Chancellor, said that CBM is a non-profit institute. It puts special emphasis on research and has successffilly launched the country's first business research and policy analysis quarterly The Pakistan Business Review. It has also introduced an M.Phil. programme where research is undertaken on specific issues identified by business firms and banks. Research projects currently underway at CBM include studies on financial derivatives, financial disclosure, the shipping industry, fish processing at Keti Bunder and the future of capitalism in the twenty first century.
The President of CBM, Mr Shahjehan S. Karim said that while student intake has risen from 98 to 630 during 1995-1999 CBM maintains a staff student ratio of 1:11. Outlining future prograrnmes he said that the college would be moving to a purpose built eight-acre campus in the Korangi Creek area by June 2000. The college plans to introduce courses in telecommunication and construction management, urban and environmental studies, and in communication studies. The ultimate aim is to develop as a full-fledged City University, linking courses in finance, engineering, marketing, law and the social sciences. An Institute of Intermediate Education is also to be established.
The president said that an MBA in urban management could be launched in September 2000 provided public sector urban and environmental agencies were provided financing for sponsoring students in such programmes. Given the very serious nature of the urban and environmental crisis that many urban centers in the province face today, he appealed to the Governor to set in motion the process whereby financing can be made available to enable urban and environmental agencies to sponsor students in this area. He also appealed to the business community to financially support this initiative.
Seven multinationals - ABN Amro, Citibank, Gulf Commercial Bank, Orient McCann, Pak Kuwait Investment, Rhone Poulenc and Union Taxes - awarded gold medals to outstanding students. Eleven certificates of merit were also awarded.
BOARD OF GOVERNORS
10. 11. 2. 3. 4. 5. 6. 7.
Mr. Mahmoud A. Haroon, Chancellor & Chairman
Air Chief Marshal Pervaiz Mehdi Qureshi, Chief of the Air Staff, Pakistan Air Force
Mr. U.A.G. Isani, Chairman, University Grants Commission, Islamabad
Ms. Mehtab Akber Rashidi, Secretary, Education, Government of Sindh
Mr. Shahjehan S. Karim, President, Institute of Business Management
Mr. Fazl-ur-Rehman Dittu, President, Federation of Pakistan Chamber of Commerce
Mr. Amjad Rafi, President, Karachi Chamber of Commerce & Industry
Mr. Muhammad Yasin Lakhani, Chairman, Karachi Stock Exchange (Guarantee) Ltd.
Mr. Abdul Ghaffar Adamjee, Chairman, Adamjee Group of Companies
Mr. Basheer Janmohammed, Director, Pakistan Industrial Credit & Investment Corp
Mr. Aftab Ahmed Khan, Former Secretary Finance, Government of Pakistan
Mr. Justice (Retd) G.H. Malik, of the Sindh High Court
Mr. S.M. Muneer, Chairman, Din Brothers
Mr. Jehangir Siddiqui, Chairman Jehangir Siddiqui & Co. Ltd.
Mr. Mazhar-ul-Haq Siddiqui, Member, Pakistan Federal Public Service Commission
Mr. Abdul Razzak Tabba, Chairman, Lucky Cement, Ltd.,
Mr. Talib S. Karim, Secretary to the Board