1/24/2024 0 Comments Keynote addressThe credit to private sector in the country is also low compared to peer economies, as is the coverage of credit bureaus' optimal use, which can potentially transform the country's financial system landscape. In Pakistan, the state of financial system is marked by low deposit to GDP ratio, account ownership, and bank assets. Ladies & Gentleman, I would like to briefly highlight the status and recent trends in financial system landscape, wherein this Lab will be operating. In this regard, Trade Organizations can 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. There is, therefore, a pressing need to establish and strengthen a formal collaboration mechanism between academia and industry for designing courses and setting research agenda that serves the objectives of both businesses and academia. Some of the key challenges faced in this regard are that: (1) universities tend to contribute to theory or empirical research with aims to get published in academic journals, while businesses are constrained by their mandate of profitability (2) businesses typically work on much shorter deadlines and aim for speedy results, whereas research work is inherently time intensive (3) not all corporations have sufficient funds to invest in research on product or process innovation, market development, and market intelligence. There are several key challenges to industry-academia collaboration and concerted efforts are required to overcome them. I hope this Lab will 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 faced by individual corporations and the country's financial system at large. Let me begin by congratulating the Institute of Business Administration, Karachi and the Alpha Capital on taking this innovative initiative of establishing this Finance Lab. It is my pleasure to be here amongst all of you at the inauguration of this Finance Lab and sharing my thoughts with the distinguished audience. Azfer Naseem, CEO, Alpha Capital, IBA's faculty and Students and Ladies and Gentlemen. Mohsin Sadaqat, Assistant Professor and Head of Finance Lab Mr. Sana Tauseef, Chairperson, Department of Finance Dr. Abdullah Zafar Sheikh, Dean, School of Business Studies Dr. Akbar Zaidi, Executive Director, IBA Karachi Dr.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |