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), today in Dubai.
The MoU is expected to facilitate the cooperation between the two institutions working in the larger domain of financial markets education in Pakistan. The expected but specific areas of cooperation include curriculum and learning programs development, especially designed for capital market practitioners in Pakistan. Further, the cooperation is expected to be extended by CISI for development of knowledge and skill development programs for the overall Pakistan financial services industry through short courses.
On behalf of the CISI, Mr Matthew Cowan signed the MoU. Mr Cowan said that both institutions will 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, the CEO of IFMP, 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 our efforts in promoting this agenda. Moreover, the providing of Continuing Professional Development (CPD) programs is one of the key priority areas for IFMP and it will 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 qualifications.
Dr. Izhar Hussain, Chairman IFMP & 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.