INTERVIEW WITH SULAIMAN MUNAF BAWANY CEO ESCRIBIR COLLEGE OF ADVANCED STUDIES

KHALIL AHMED
(feedback@pgeconomist.com)

Apr 23 - 29, 20
12

Sulaiman Munaf Bawany qualified as a chartered accountant from ICAEW (Institute of Chartered Accountants in England and Wales). He is also a member of ACCA (Association of Certified Chartered Accountants). He moved to Karachi and in December 2010 set up his own professional training business under the name of Escribir College of Advanced Studies. Studying abroad, he realized that Education in Pakistan needs to be reformed and brought in line with the international standards and this thinking transformed into the vision of Escribir College where they aim to revolutionize education in Pakistan.

Escribir College is backed by the country's leading business group, the Machiyara Group of Companies. The college is jointly headed by him as the CEO and Safdar Razzak Mithani as the COO, who is a well-known educationalist.

Escribir College recognizes the importance of flourishing young talent and encourages students from all backgrounds. They offer merit and need-based scholarships for deserving and talented students.

Currently, they are offering CA (ICAP), CAM and CMA (ICMAP), ACCA (UK), HDA (Bims, UK), HND (Edexcel, UK), CIMA (UK), CIA (USA), CA (ICAEW), besides Intermediate Commerce (BIE, Karachi) and B.Com (University of Karachi).

It is a registered and authorized exam centre of Bims for HDA, CBE (ACCA) and CBA (CIMA).

Escribir brings in a combination of highly experienced and seasoned public sectors colleges and universities' professors along with the young and highly energetic intermediate and graduation faculty in its commerce college registered with Sindh government and affiliated with board of intermediate education Karachi and University of Karachi. Its two campuses, PECHS Block-6 and Clifton Two Swords, have been offering quality education under strict management control.

Escribir is proud to be affiliated and approved for its quality education by leading professional bodies like ACCA (UK), ICAP (PK), ICMAP (PK), ICAEW (UK), IIA (USA), SQA (UK), BIMS (UK), Edexcel (UK), CIMA (UK),and Karachi University.

PAGE: COULD YOU GIVE YOUR INPUTS ABOUT THE NEED OF BUSINESS AND FINANCE EDUCATION IN OUR COUNTRY?

BAWANY: Effective business education equips students with decision-making and planning skills. Quality business education develops professional and personal behavior and creates professionals who can manage and develop businesses while helping companies to prepare themselves for critical situations.

Experts define business education as "a platform which provides uniqueness in developing any human being to be perfect in various domains especially management, communication, psychology, finance, technology and strategic marketing".

Such education provides basis to bring companies to competitive tracks, an opportunity to hone up skills of modern managers, ways to conduct, and apprises with codes of conduct in dealing workforce and business through fair means methods."

PAGE: YOUR VIEWS ON CHARTERED ACCOUNTANTS AND MANAGEMENT ACCOUNTANTS.

BAWANY: Many people do not understand the difference between the two. We offer ACCA, CA that develops chartered accountants and CIMA and ICMAP that specializes in management accounting. Chartered accountants protect investors by giving independent opinions on financial statements. They promote transparency and ensure shareholders are aware of the actual financial performance of a company. Management accountants help in decision-making and focus more towards planning, costing, and budgetary control. They are key for decision-making and help an organization move in the right direction. I feel both are equally important and both can add value to an organization working in different capacities.

PAGE: DO YOU THINK THERE IS A NEED FOR ACADEMIA AND INDUSTRY LIAISON?

BAWANY: There is a strong need to build a bridge between the academia where our youth learn and the industry where they work. Our degree programs are not generic. They have been designed to prepare students for a career in today's fast-paced world of business, management and design. Academia needs to equip students to start their own business. Mostly our degree programs do not offer our students the skills and confidence to develop a business, to be creative, innovate, manage people, resources, write, and implement business plans. Academia should offer industry relevant business education that will benefit the students and industry. All of these efforts will be operationalized through outreach and partnership engagement where the university's intellectual capital and resources will be maximized in a relevant and compatible manner to advantage industry and community. Reciprocally, academics as well as students will benefit from the wealth of knowledge and experience of industry and community.

PAGE: YOUR VIEWS ON FUTURE OF PAKISTAN.

BAWANY: I am very much confident that our future is bright. We as a nation should not lose hope, but we need to take some strategic decisions and I think the views shared by Dr. Ishrat Hussain are truly reflective of my opinion. He says:

- Outward-looking strategy that promotes exports and integrates Pakistan into the world economy is in the best interest of the country for accelerating growth and reducing poverty.

- Private sector is the main vehicle for producing and exchanging goods and services for the domestic economy as well as the rest of the world.

- Prices should be determined by the market forces but monopolies be regulated by independent agencies.

- The role of the state is to provide security of life and property, have an independent judiciary that can arbitrate disputes and enforce contracts, build physical infrastructure, nurture human skills and train manpower, and maintain an enabling macroeconomic and regulatory environment in which businesses can flourish.