KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan), which is country’s pioneering and leading accounting body serving the business and industry for over 65 years, and Lahore University of Management Sciences (LUMS) which is an internationally acclaimed research University in Pakistan, have signed a ‘Memorandum of Understanding (MoU)’ for collaboration in Research, Development and Innovation (RDI) and to bridge the gap between academia and industry.

Through this RDI agreement, ICMAP and LUMS have become research partners and would collaborate in the areas of mutual interest, especially exchange of information, scholastic and development material; sharing and advancing of innovations and ideas and undertaking research publications.

Both institutions have made commitment to promote research and development and explore avenues through sharing of resources for national and international research assignments.

Mohammad Iqbal Ghori, President, ICMA Pakistan and Prof. Dr. S. Sohail H. Naqvi, Vice Chancellor LUMS signed the MoU at a ceremony at LUMS, Lahore.

Following the signing ceremony, Prof. Dr. Jawed Syed, Dean at Suleman Dawood School of Business (SDSB) held a meeting with President ICMA Pakistan to discuss the possibility of writing case studies in collaboration with ICMA Pakistan. The meeting was also attended by Atifa Arif Dar, Assistant Professor SDSP and Muhammad Hussain, Director Central Region, ICMA Pakistan.—PR