November 14, 2022 – Page 3 – Newswire Pakistan

November 14, 2022November 15, 2022

Governor SBP inaugurates the Finance Lab at the Institute of Business Administration, Karachi

Karachi, November 14, 2022 (PPI-OT):Governor State Bank of Pakistan (SBP) Mr. Jameel Ahmad showed optimism that academia would help improve financial literacy to not only students but also to wider sections of society through innovative means. He pointed out that this is an area where the regulators and academia can potentially partner and bridge the gap by working towards a common goal of inclusive growth. He was delivering his keynote address as the Chief Guest at the School of Business Studies (SBS), Institute of Business Administration (IBA), Karachi at the inauguration of the Finance Lab.

It is to be noted that SBS in collaboration with Alpha Capital Securities (Pvt) Ltd. has setup a Finance Lab at the Main Campus of IBA in line with its mission and as per Association to Advance Collegiate Schools of Business (AACSB) accreditation standards of providing quality education by offering innovative and technology-focused action learning opportunities. The IBA was represented by Executive Director, Dr. S Akbar Zaidi; Dean, School of Business Studies (SBS), Dr. Abdullah Z. Sheikh; Registrar, Dr. Asad Ilyas; Chairperson, Department of Finance, SBS, Dr. Sana Tauseef; and Assistant Professor and Head of Finance Lab, Dr. Mohsin Sadaqat. Industry Partner and CEO, Alpha Capital Securities, Mr. Azfer Naseem, represented his respective organization. A large number of students and faculty members attended the event.

Governor SBP congratulated the management of IBA, Karachi, on this achievement and hoped the Lab would bridge the gap between industry and academia, and between theory and practice in the area of finance by providing students an opportunity to immerse themselves into real-world problems. He stressed the need for establishing and strengthening a formal collaboration mechanism between academia and industry, for designing courses and setting a research agenda, which serves the objectives of both businesses and academia. He suggested that trade organizations should play an instrumental role in providing a consultative platform as well as arranging funds to finance academic research, given their ability to identify key areas of research, and pool-in required resources.

The Governor SBP said that the Finance Lab should consider collaborating with related disciplines to conduct studies on business processes, market sizing and value chain assessments of various products from the perspective of growth and innovation. The Governor, SBP also suggested collaborating with credit bureaus to test and to create credit scoring models, especially those based on alternate data or otherwise aimed at the segment of individuals and businesses that have no collateral and little or no credit history. He said that the Finance Lab should also focus on increasing the awareness of individual savers across the country to understand the risks and returns associated with different avenues and increasing retail investments in government debt papers and corporate bonds.

Earlier, in his welcome address, Executive Director, IBA Karachi, Dr. Zaidi said the use of technology has revolutionized the conventional financial education. He said the Finance Lab will play an instrumental role in inculcating financial literacy among the students, which is an integral component of the academic curriculum.

Dr. Sheikh stated that the Finance Lab bridges the gap between theory and practice. He further added that the Finance Lab is useful for instructors to ensure active learning, demonstrating how theoretical knowledge is related to the real-world phenomenon and explaining the complex financial concepts through real world data. It also provides an opportunity for students to understand how classroom learning is applied in the industry, enhance data analysis skills, and deepens their understanding of financial knowledge.

Dr. Ilyas briefed the audience about the Lab and said that the “IBA Finance Lab is a platform through which we can bridge the gap of fintech development between Pakistan and our neighbours. We need to realize our laggard status and commit to removing this distance. Without financial innovation Pakistan will never overcome its problems. This is the starting point and cuts through all other developments. Additionally, blockchain is a reality and a matter of time. It will disrupt every single industry and we need to be open to it rather than our reflexive resistance which comes with every new global innovation”.

Dr. Sadaqat said that “Competency is what the industry desires. Finance Lab provides state of the art learning opportunities to students to enhance the competency level through the application of finance knowledge in the real-world settings”. Shedding light on the collaboration, Mr. Naseem said that Finance Lab is a wonderful initiative to bridge the gap between academia and industry and Alpha Capital is excited to partner with IBA in this initiative. It provides an opportunity for the students to apply the tools and concepts they learn in their curriculum to real life business problems”.

Dr. Tauseef stated that the Finance Lab will provide the advantage of real-world learning experience to our business students. Analyzing critical financial data and undergoing financial simulations, in addition to the strong theoretical knowledge, will make our students more competitive in the job market.

To enhance students’ exposure, the Finance Lab plans to organize student competitions namely IBA-SBS Equity Research Challenge and IBA-SBS Trading Challenge. The theme of this challenge would be to select a listed company and give buy/sell recommendation for its stock. Students would be required to build a complete financial model and write an equity research report to be evaluated by industry experts.

The winning team will receive a cash award of PKR 50,000 sponsored by Alpha Capital Securities and the runner ups will receive PKR 10,000 from IBA-SBS Finance Department. In IBA-SBS Trading Challenge, students will use virtual currency of PKR 1,000,000 for trading at the Pakistan Stock Exchange (PSX), their performance will be evaluated by a panel of experts. The event culminated with a ribbon cutting ceremony and the official inauguration of the Finance Lab.

For more information, contact:
Executive, Communication and Public Affairs,
Institute of Business Administration Karachi (IBA)
Main Campus: University Road, Karachi – 75270, Pakistan
UAN: +92-21-111-422-422 (Ext. 269)
Fax: +92-21-99261508
Email: raza.lakhani@khi.iba.edu.pk
Website: https://www.iba.edu.pk

November 14, 2022November 15, 2022

International Symposium: Role of NAFS in Conceptualization and Treatment of Addiction

Lahore, November 14, 2022 (PPI-OT):Department of Psychology, Faculty of Humanities and Social Sciences (FOHSS), University of Central Punjab has organized an international Symposium on 10TH (Thursday) November 2022 Via Zoom meeting on “Role of NAFS in Conceptualization and Treatment of Addiction”. This Symposium was organized under the kind guidance of head of the Department of Psychology Prof. Dr Shazia Hasan by Dr Alia Asmat Associate Professor at Department of Psychology University of Central Punjab Lahore.

Substance use is considered significant worldwide public health problem (Owoaje, 2010) and known as social ill (Ubani, 2021) but the main causes and reasons of substance abuse is still unidentified. Number researches highlighted different aspects like impulsivity, curiosity, experimentation, low self-confidence, lack of assertiveness, indecisiveness, anxiety sensitivity, hopelessness and sensation seeking considered as the intrapersonal characteristics that can motivate a person towards initiation of substance taking behaviour (Woicik, 2009; Chu Foo, 2012; Miles and Tucker, 2015; Thomson, 2020; Evans and Colder, 2021). Role of family and social environment is studied a lot and found a core of iniciation pr use of drug (Gisemba, Sindabi, and Obonyo, 2018; Shek, Zhu, Dou, and Chai, 2020; Kwan et al., 2020; Rafaiee et al., 2021; Coucouroux, 2021). How NAFS is contributing towards addiction or may be main cause is discussed by the experts.

Moderator of the session Ms Sana Majeed PhD scholar at Department of Psychology University of Central Punjab started the session by introducing our worthy guests Dr Fahad Khan a licensed practitioner, and Deputy Director at Khalil Center USA and Mr Mugherah Luqman Head Tarbia Department at Riphah International University Lahore Campus. Prof. Dr Shazia Hasan presented vote of thanks at the end of the session.

For more information, contact:
University of Central Punjab (UCP)
Khayaban-e-Jinnah Road, Johar Town, Lahore, Pakistan
Phone: +92-42-35880007
Fax: +92-42-35954892
Email: info@ucp.edu.pk
Website: https://www.ucp.edu.pk/

November 14, 2022November 15, 2022

Three weeks ROR Boot camp closing ceremony at UCP by Devsinc

Lahore, November 14, 2022 (PPI-OT):Faculty of Information technology, University of Central Punjab in correspondence with Devsinc, arranged a three-week Boot camp on the famous technology Ruby on Rails. The initiative has been taken by FILO (Faculty Industry Liaison Officer) Mr. Asif from Computer Science department in the efforts to bridge industry-academia gap.

Devsinc, founded in 2010, is now the leading software consulting organization providing products and services in the fields of real estate, healthcare, e-commerce, advertising, augmented reality, finance and sharing economy. The students of University of Central Punjab were so fortunate have been included in the three-week boot camp run by field experts provided by Devsinc.

After the Successful completion of Boot-camp the Closing ceremony was hosted by Mr. Asif Farooq, Dr. Mohsin Ashraf, Bilal Khan and Usman Ahmad from Computer Science Department. The HR and marketing team from Devsinc also obliged us with their presence. They presented certificates and gift hampers to the students completing the Boot-camp successfully.

Talking about the future collaborations and Devsinc’s plans to start the incubation center for startups, the delegation also met team Takhleeq at the University of Central Punjab. Both parties agree on joining hands together in encouraging youth to become self employed by taking risks and initiative to startups and eventually provide stability to country’s economy.

November 14, 2022November 15, 2022

Research Paper Presentation at 4th ICBEEM, IBA Sukkur

Lahore, November 14, 2022 (PPI-OT):Bringing in new clients and keeping old ones is vital for businesses’ growth, productivity, and longevity. Care and patient happiness alone may not be adequate to meet the aims of medical services organizations. Globally, people have high expectations of healthcare companies. Patient satisfaction requires high-quality care.

People in Pakistan are upset since most hospitals lack basic health care standards. Employees and nurses affect patient satisfaction. Nurses endure organizational and emotional difficulties in the COVID 19 crisis. Clinics’ offices, atmosphere, and other peripherals affect patients’ encounters and impressions. Moreover, Patient satisfaction is deeply influenced by brand image.

This was an excerpt from a research paper presented by Dr. Raja Irfan Sabir, Associate Professor and Head of Department, Marketing, Operations and Supply Chain at the 4th International Conference on Business, Economics and Education Management (ICBEEM) organised by IBA Sukkur.

November 14, 2022November 15, 2022

Benefits of MS Engineering Management in Islamabad

Islamabad, November 14, 2022 (PPI-OT):A graduate degree called the MS Engineering Management crosses the diversions between engineering and management. Engineers and scientists who want to enhance their understanding outside their technical discipline into management and business are typically strong contenders for this course. This degree is offered in Pakistan by various institutions. While in Islamabad, the Capital University of Science and Technology offers a rich curriculum.

Brief Introduction to MS Engineering Management

MS in Engineering Management is an exciting degree, an amalgamation between two major engineering and management disciplines. Project management, decision-making, engineering optimisation, and management for technical organisations are just a few of the innovative approaches and concepts covered in this ingenious programme, which blends several classic business and management programme modules with them.

This programme focuses on various management, engineering, and technological ideas to help working professionals succeed in today’s technology-based enterprises’ increasingly complex managerial environment.

Benefits of MS in Engineering Management

The degree holds several benefits for the engineering field. Some of the prominent benefits are as follows.

Engineering Management teaches engineers Business

Engineering Management teaches Engineers the Art of Collaboration

MS enhances Career Opportunities in Engineering Management

Engineers Can Polish their Entrepreneurial Mindset with Engineering Management

The use of Recourses is well-optimised by Engineering Management

Engineers after MS Engineering Management Outshine the Counterparts

Engineering Management can predict the future of Engineering

Completing MS in Engineering Management will skill the engineers to make decisions by stepping into business owners’ shoes. The engineers know in-depth construction. During their course of engineering course, they are exposed to the details of engineering, its diversions, prerequisites, and final outputs with potential benefits and threats.

However, engineers still need to be provided with an opportunity to study management, business, finance, and similar subjects. Nevertheless, they design structures, take precautionary measures, and make decisions keeping their engineering background in mind, while the business demands are different.

Therefore, knowing business and entrepreneurship enlightens the knowledge-based of engineers. They have a massive opportunity to learn business, the arts of communication, the skill of collaboration, and to gain the perspective of a business owner. This all is available in the Engineering Management degree in Pakistan.

Scope of MS Engineering Management

Suppose you get a chance to study MS Engineering Management. It shows you have a jackpot. A degree of this kind, whether undergraduate or postgraduate, can assist you in developing skills and abilities that will enable you to change without difficulty.

Students will become a perfect fit for various occupations directly related to engineering and other roles in the larger corporate world, with an engineering management degree covering many interesting and practical topics. An engineering management degree will open up a wide range of job prospects for you because it demonstrates your proficiency in accounting, risk assessment, science, humanities, analytics, mathematics, and other fields.

Range of Salary Income After MS in Engineering Management

The remuneration is never fixed at one price tag. No matter whether you talk about Pakistan, South Asia, Europe, or a developed culture like the United Kingdom (UK) or the United States of America (USA). A range of factors plays a role when a particular salary package is offered. However, in Pakistan, the graduate in MS Engineering Management has a chance to earn up to 77k PKR on a monthly basis. While in the United States, the same opportunity expands to US$191k per year.

Admissions Criteria for MS Engineering Management

Getting admission to MS in Engineering Management requires the following criteria to be fulfilled. The criteria are outlined in accordance with the guidelines laid down by the higher education commission (HEC). The requirements are as below:

A minimum of 16 years of education leading to a BS Degree in Engineering/ Applied Sciences or equivalent.

Minimum 2.00/4.00 CGPA or 50% marks

Admission Test / HEC Approved Test

The degree duration is of two years, subdivided into four semesters. Other details can be seen here.

MS Engineering Management in Islamabad

The MS degree in Engineering Management opens huge opportunities for graduates. The subjects have a massive impact on developing the understanding of engineering, quality management, and business management together. The attractive degree is part of the course of studies throughout the national universities in Pakistan. While if you live in the capital city, the Capital University of Science and Technology (CUST) is the prominent market player and offers an excellent and industry-defined education. Being the sister institution to the University of Central Punjab (UCP) and Muhammad Ali Jinnah University (Jinnah University) in Karachi, quality education is guaranteed in CUST Islamabad.

Want to get admission to MS Engineering Management?

It is your golden chance to get enrolled in one of the prestigious private institutions in the Capital of Pakistan. You can carry on your educational input while enjoying Islamabad’s beautiful and peaceful landscapes. You can apply for MS Engineering Management here. Apply Now! Else you may miss the chance to get admission in the Spring of 2023.

For more information, contact:
Capital University of Science and Technology (CUST)
Islamabad Expressway, Kahuta Road, Zone-V, Islamabad, Pakistan
UAN: +92-51-111-555-666
Tel: +92-51-4486700-4
Email: info@cust.edu.pk
Website: https://cust.edu.pk

November 14, 2022November 15, 2022

Office of Research Innovation and Commercialization Held Hands-On Workshop on Amazon Trading

Islamabad, November 14, 2022 (PPI-OT):E-commerce has increasingly become a vital component of business strategy and recent hype in E-commerce has made the world realize the concrete and actual scope of online markets. Considering the importance of online business, Capital University of Science and Technology (CUST) partnered with Sparknetics Pvt Ltd to conduct training, provide mentorship, and equip students with the art of earning easy income through E-commerce. Sparknetics has been indulged in consulting business for more than 12 years. They offer a wide range of profitable business opportunities and has also established online assets in the field of E-commerce.

Office of Research Innovation and commercialization (ORIC) in collaboration with Sparknetics conducted one-week Hands-on Workshop on Amazon Trading. The workshop was conducted from 01st to 04th November, 2022 by resource persons from Sparknetics. The objective of the event was to provide students with insights to propel forward, get a better job/promotion, and increase income through valuable Online Amazon Services.

The participants of the workshop were provided hands-on practice on product hunting for wholesale, product sourcing, order management, buy box war strategies and client hunting. A total of 15 students participated in the workshop. The feedback of participants was quite amazing and they proposed to continue the present series of Amazon Trading/E-commerce relevant courses.