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KARACHI: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Iqra University (IU) will work together to create academia-industry linkages and promote the knowledge economy.
This was been out in a MoU signed by President FPCCI Mian Nasser Hyatt Maggo and Vice Chancellor Iqra University Professor Dr Wasim Qazi.
The objectives of the MoU include creating an effective academia-industry linkage to establish long-term and sustainable partnership for the joint policy-oriented research activities to foster the culture of entrepreneurship and playing a supporting role in Pakistan’s business and economic growth. It also focuses on Research & Analysis, Policy Development, and System Digitalization.
The MoU will help to develop an economic & business advisory council that will enable the industry to identify the opportunities and challenges that will be subsequently researched, analysed and solved by the academia.
FPCCI President Mian Nasser Hyatt Maggo expressed that cooperation in the areas of intellectual capital, industry-based research, and the dissemination of indigenously developed solutions should be the prime focus of this agreement.
Prof. Dr Wasim Qazi assured that all kinds of support will be provided by the university in the execution of this MoU. Furthermore, he announced that the first policy paper will be published on 14th August 2021 on the “Proposed Absolute Autonomy of State Bank of Pakistan (SBP).”
This partnership seeks to establish a Joint Working Group which will comprise representation from both institutions. The group will work on identifying technical and vocational skill sets and establish competency standards for the national industry. It will also provide feedback on university curriculum and industrial research work.
The agreement also intends to get input from different business and industry sectors, chambers, associations, and government bodies through Iqra University’s Office of Research Innovation and Commercialization (ORIC).
With Iqra University’s network of over 35,000-strong alumni, this agreement will provide immense value to industry and educational sectors alike.
