Karachi: The Institute of Business Administration (IBA), Karachi and the Indian School of Business (ISB), Hyderabad today announced the commencement of their first joint executive education program in Pakistan.

The program titled ‘Leadership Skills for Top Management’ is currently underway in Karachi. This initiative is an outcome of the MoU signed between IBA, Karachi and ISB on April 13, 2012, aimed at bringing world-class executive education programmes to Pakistan.

‘Leadership Skills for Top Management’ (LSTM) is the first among the planned series of programmes aimed at the business leaders in Pakistan. It has been specially designed to help CXOs, business heads and government officials to hone their leadership skills and drive growth through exceptional performance in a challenging and ever-evolving global market. LSTM is among ISB’s most successful executive education programmes in India, having been delivered to more than 1000 senior leaders in the last 11 years.

Commenting on the program, Dr. Ishrat Husain, Dean  & Director, IBA said “Pakistan can benefit immensely from its proximity to India which has established world class institutions of higher learning. The collaboration with the Indian School of Business ISB- a magnet for attracting top faculty from advanced countries — will expose the Pakistani corporate managers to leading scholars and practitioners from the world and help in acquiring new knowledge and tools. Hopefully, this exposure will equip them to play a critical leadership role in the future. We look forward to many such joint ventures in the coming years.”

Announcing the program, Deepak Chandra, Deputy Dean, ISB, said “We are delighted to announce the commencement of our first executive education program in Pakistan in association with IBA. As Asia rises into global economic prominence, it is critical that countries in the region and the business leaders seize the opportunity. We are confident that the ISB’s strong international linkages and understanding of emerging economies will help in grooming high-performing business leaders and policy makers from Pakistan and equip them with global best practices that will enable them to lead the country in its next phase of growth.”

The program has been well received by Pakistani business leaders from both industry and the government. Participants include directors, CEOs and senior leaders from industries including banking & financial institutes, pharmaceuticals, oil & gas, infrastructure development, power, MNCs, agri-business as well as government functionaries.

According to program participant Mr. Mir S. Talpur, General Manager Operations, Pakistan State Oil, “I am excited about being part of such a prestigious and first-of-its-kind program in Pakistan. With the increased economic growth and opportunities, business leaders like us are required to return to the classrooms and continually re-learn, refresh and re-asses various aspects of leadership and strategy. I hope to apply my learning to the workplace and impact my organization’s growth. I hope other Pakistani organizations and corporations should get benefit out of this kind of program.”

All the forthcoming programmes planned under the IBA – ISB partnership will draw from ISB’s network of globally renowned faculty from around the world and share cutting-edge insights on various themes such as family business, entrepreneurship, business leadership, strategy and related areas.

In line with IBA’s objective to be ranked among the top 10 Business Schools in South Asia and top 100 in the world, the Center of Executive Education (CEE) at IBA is collaborating with world’s leading business schools. This program with ISB is in line with that objective. The CEE plans to bring cutting-edge research-driven management learning for top and senior management, which is relevant and applicable in the Pakistani context.

This program marks another milestone for the Centre of Executive Education (CEE) at ISB, which has reinforced its position as one of the largest providers of executive education in Asia. Following its recent partnerships in Pakistan, Oman and Sri Lanka, CEE plans to further expand in the region to strengthen its mission of becoming a knowledge partner for the industry and catering to the business leadership needs of emerging markets.

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