News and Announcement

MoU Signed between UMT and Institute of Bankers Pakistan

Wednesday, October 21, 2015

Dr Hasan Sohaib Murad, Rector UMT and Mr. Haroon Rasheed, Chief Executive Institute of Bankers Pakistan (IBP) signed an MoU between UMT and IBP on October 13, 2015 at UMT Lahore.

The MoU initiated by the Department of Skill Development (SKD)-HSM will benefit to UMT students in relevant degree programs in order to have an edge on other candidates to obtain Junior Associate of IBP (JAIBP) certification. Completion of JAIBP certification also entitles the Junior Associates incentives in the form of salary increments, promotion, and lump sum cash awards by the employer Banks.

A delegation from IBP headed by Mr. Haroon Rasheed visited UMT and held very fruitful discussion on collaboration between the two organizations. They were of the view that subject MoU would also explore avenues for further collaborations between UMT and IBP including but not limited to: assistance in research projects on banking and financial services, trainings, and internship placements.

 More about IBP

IBP is a not-for-profit corporate entity established under Companies Ordinance 1984. The management of IBP rests with the Council operating as the Board of Governors of IBP.  The Governor of State Bank of Pakistan is the President of IBP and the Chairman of the Council. Other members of the Council include Chief Executives/Presidents of major local and foreign commercial banks who are elected for a tenure of three years. IBP is Pakistan’s only recognized Institute dedicated to providing technical training services for the banking industry in the country, and its professional qualification for bankers is recognized by both the State Bank of Pakistan and other banking and financial services institutes in the country. IBP programs are accredited by the UK’s Chartered Banker Institute and its professional qualification programs are aimed at empowering the present and potential management-level bankers with the practical knowledge about the banking industry and its functions.

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