IFMP Signs MoU With UK Counterpart

IFMP signs MoU with UK counterpart

KARACHI, (UrduPoint / Pakistan Point News - 28th Nov, 2016 ) : The Institute of Financial Markets of Pakistan (IFMP), formerly Institute of Capital Markets (ICM), signed a Memorandum of Understanding (MoU) with its British counterpart, the Chartered Institute of Securities and Investments (CISI).

The MoU, which was inked in Dubai, is expected to facilitate the cooperation between the two institutions working in the larger domain of financial markets education in Pakistan, said a statement issued here on Monday.

The specific areas of cooperation include curriculum and learning programs development, especially designed for capital market practitioners in Pakistan. The cooperation is also expected to be extended by CISI for development of knowledge and skill development programs for the overall Pakistan financial services industry through short courses.

Matthew Cowan, who signed the MoU on behalf of the CISI, said that both institutions would also carry out the work on designing and initiation of joint certification programs in line with international best practices to be offered in Pakistan for the financial services industry.

Speaking at the MoU signing ceremony, IFMP CEO Muhammad Ali Khan, said that introducing international standards of best practices and promoting quality education in the financial sector is IFMP's core objective and this collaboration will definitely bolster efforts in promoting this agenda.

The Continuing Professional Development (CPD) programs is one of the key priority areas for IFMP and it would soon be deploying techniques for blending live events such as seminars and e-learning.

He further said that this MoU also intends to offer membership structure to the alumni of both the institutions, through mutual recognition of qual ifications. Dr. Izhar Hussain, IFMP Chairman and Director IBA-CEE reckoned it as a major step in building stronger and long lasting relationship between both the institutes.

Whereby this cooperation will lead towards the development of more educated and trained human resource in the financial markets of the country.