MARKET-RELATED EDUCATION

Business schools; public, private bodies forging interaction

AMANULLAH BASHAR
Feb 05 - 11, 2007

Greater interaction between business schools and the public and private sector with a focus to impart market-related education is really an interesting rather significant move, which would help improve the performance by the skilled hands in their relevant fields.

In this backdrop, the Institute of Business Administration (IBA) recently awarded degrees to Central Board of Revenue (CBR) officers for MBA (Tax Management Program), at a special convocation ceremony held at the IBA City Campus. These IBA trained graduates would perform the unpopular job of revenue collection or taxing people in a decent way with the end result of improved revenue collection for the government.

Highlighting the importance of congenial interaction between the tax collectors and the tax-payers, Prime Minister Shaukat Aziz, who awarded the degrees to the successful CBR officers, said that the present government was paying special attention to tax reforms after realizing that the system needed reforms and reorientation.

He said Pakistan's biggest asset is its human capital and laid emphasis on education as well as skill development. "We must equip the tax department with relevant people and skills," he remarked. The training offered by IBA is of course a step forward in this direction.

ICI PAKISTAN, BRITISH COUNCIL JOIN HANDS FOR HUMAN CAPITAL DEVELOPMENT

ICI, the world's largest producers of paints and specialty products, and one of the biggest supporters of community development programs in Pakistan, has also taken initiative in the direction of human resource development in Pakistan and has recently signed an agreement with the British Council, highlighting their commitment to the development of human capital in Pakistan.

"ICI is an organization with a strong belief in operating its business responsibly, with integrity and respect for the interests of all those impacted by its operations. In addition to striving towards the constant addition of new and innovative variants to its wider product range, ICI has always been supportive to social development initiatives. Mindfulness of our corporate social responsibility has been one of the major motivations behind this agreement with the British Council," said Waqar A. Malik, C.E. of ICI Pakistan Limited.

Under the agreement, ICI and the British Council will work to further develop the role of ICI Pakistan-British Council Management Center in the area of management capacity building through a number of developmental and profile-building activities in Pakistan. The signing of MoU has initiated a new era for management capacity development in the country, with ICI and the British Council focusing on producing co-branded MDS, promotional literature, future purchases of management resources from the UK, and the provision of an annual UK scholarship for selected ICI managers.

Speaking at the signing ceremony, Director of the British Council Marcus Gilbert observed: "This initiative will add a new dimension to managerial capacity development in Pakistan, going a long way towards mentoring as well as providing professional scholarships and internships in Pakistan and the UK".

The agreement will also enable ICI management staff to avail discounts on Management Development Services-run public courses, as well as receive preferential rates on MDS in-house training. The partnership aims at facilitating ICI group colleagues in gaining memberships of UK bodies such as the CMI (Management), CIM (Marketing), CIPD (HR) and IOD (Institute of Directors), as well as waiving ICI-BC Management Center annual fees for up to 50 ICI managers.

INDUS MOTOR COLLABORATING WITH TECHNICAL EDUCATION PROGRAM

Indus Motor Company, a household name in the automobile world, is also taking great interest in developing skilled manpower capable to produce better results by equipping them with the market required education and trading.

In this respect, the Indus Motors held the 6th Toyota Technical Educational Program (T-TEP) Career Day at the Government College of Technology, Lahore. Capt. (R) Muhammad Khurram Agha, Additional Secretary Welfare, Procurement & Transport, Punjab, was the chief guest. Participants included representatives of the automobile industry, academicians, automobile vendors, dealers and representatives of Indus Motor Company and Toyota Motor Corporation, Japan.

Capt. (R) Muhammad Khurram Agha, praised the efforts of Indus Motor Company and Toyota Motor Corporation and lauded the role of T-TEP in bridging the gap between industry and technical education. He appreciated the T-TEP program, which serves the community and is beyond any commercial consideration. He suggested that similar programs be introduced in other areas.

Raza Ansari, Senior General Manager Marketing & Sales, IMC, thanked the Government College of Technology for collaborating with Indus Motor. He mentioned that Toyota focuses on its two pillars Respect for People and Kaizen (Continuous Improvement). It is in this spirit that T-TEP was set up in Pakistan. He added that as good corporate citizens Toyota and IMC have participated in many philanthropic activities to encourage the process of continuous learning, both on the job as well as in educational institutions.

The management short-listed 16 graduating students for employment in Indus Motor Company and in the Toyota Dealership Network, to start their On Job Training (OJT). To date, several hundred T-TEP students have graduated and found jobs in Pakistan. This is a great contribution on the part of Indus no doubt.

STOCK EXCHANGE PROMOTING BUSINESS & FINANCIAL EDUCATION

Without looking for any sort of publicity, two major stock exchanges - Karachi Stock Exchange and Lahore Stock Exchange - are quietly doing a remarkable job of promoting and funding for the cause of business and financial education in Pakistan.

The Lahore Stock Exchange, in its efforts to promote education sector in general and financial expertise in particular in the country, is providing scholarships to the students at Lahore University of Management Sciences (LUMS). Under an agreement with LUMS, the LSE pledged the scholarship for MBA and B.Sc students as well as funding for research in the area of capital markets.

Ibrar A. Mumtaz, Chairman and Dr. Shahid A. Zia, Head Training, Research and Investors Education LSE and Dr. Syed Zahoor Hassan, Vice Chancellor and Ms. Nuzhat Kamran, Head of Marketing and External Relations LUMS, signed the document.

It may be mentioned that LSE is providing over Rs 2 million scholarship funding for MBA at LUMS and for research focused on capital markets at the graduation level.

LUMS: LAHORE UNIVERSITY OF MANAGEMENT AND SCIENCES

VISION

"We will be a pre-eminent academic institution, serving as a catalyst for economic prosperity and social development with a focus on management of resources." Mission

* Develop high quality professionals and scholars who are committed to the pursuit of excellence, and are endowed with vision, courage, and dedication.

* Improve academic and management practices in the country through the generation, assimilation, and dissemination of knowledge.

* Make a significant and meaningful contribution towards the social and economic betterment of Pakistan through development of its human resources.

* Serve as an intellectual resource base in the region.

LUMS PHILOSOPHY

MERIT BASED APPROACH

LUMS adhere to merit as the sole criteria in it's decision making. This applies to all aspects of its operations, from selection of faculty and staff, to admission and evaluation of students.

HARD WORK

We believe that sustained hard work provides the underpinning for the socio-economic development of a nation. LUMS academic programs help develop the stamina and diligence essential for success in the increasingly competitive international environment.

VALUE ADDITION

Our programs are structured so that every activity enhances student learning and individual development. All activities are thus designed with definite learning objectives.

INTELLECTUAL RIGOUR

The programs offered at LUMS not only require the capacity to work hard, but also the ability to think analytically and to solve problems. The mental strength that comes from a rigorous academic program prepares the participants to perform demanding intellectual tasks.

CHARACTER BUILDING

We consider character building to be an integral aspect of our programs, as learning without personal integrity will be of little value to the individual and the society.

Source: LUMS webiste