Karachi, In a move aimed at bolstering academia-industry linkages, the Institute of Business Management (IoBM) and Ismail Industries Limited (IIL) have entered into a Memorandum of Understanding (MoU) on Tuesday, April 09, 2024. This strategic partnership is set to create new avenues for student engagement and professional development.
According to Institute of Business Management, the MoU was signed by Ms. Juveria Baig, Head of Internship and Placement at IoBM, and Mr. Arif Hussain Nomani, Group Senior General Manager HR and Admin at Ismail Industries Limited. The collaboration encompasses a broad spectrum of initiatives aimed at enriching the educational and professional landscape for IoBM students.
Under the agreement, IoBM will act as a talent sourcing hub for IIL, providing students with opportunities for summer internships, Management Trainee Officer (MTO) programs, and campus ambassador roles. Additionally, Ismail Industries Limited commits to being a Platinum Sponsor for IoBM’s Career Fair from 2025 to 2027, further cementing its support for the institution’s career development efforts.
The partnership also extends to Capacity Development initiatives, including surveys and projects that will engage students in capstone and final year projects across various domains of expertise. A notable feature of this collaboration is IIL’s support for IoBM’s Shahjehan S. Karim Incubation Centre (SSKIC) through pre-vetting, mentorship, and funding initiatives for emerging projects, demonstrating a shared commitment to fostering innovation and entrepreneurship among students.
IIL’s pledge to establish a vibrant space focused on sustainability, recycling, and upcycling at IoBM underscores the partnership’s dedication to environmental consciousness and social responsibility.
The MoU signing was attended by key figures from both IoBM and IIL, including Dr. Tariq Rahim Soomro, Rector of IoBM; Dr. Muhammad Abbas, Dean of the College of Computer Science and Information Systems; and Dr. Muhammad Kashif, Dean of the College of Business Management, among others, highlighting the mutual enthusiasm for this groundbreaking collaboration.