ISLAMABAD - In order to promote quality education in the fields of business and finance, National University of Modern Languages (NUML), Islamabad, and Institute of Business and Finance (IBF), Lahore, have joined hands.

This partnership took place in a ceremony where a memorandum of understanding (MoU) was signed by the NUML and IBF for academic collaboration between both the institutions on Friday.

The MoU was signed by the Rector NUML Maj Gen (Retd) Masood Hasan and Chairman IBF, Kaleemul Haq. The signature ceremony was attended by the Director General (DG) Brig Azam Jaml, Director Academics Col (Retd) Syed Jawaid, Director Exams Bashir Ahmed, Dean Management Sciences Dr Rasheed Ahmed Khan, Director IBF Aftab Ahmed Khan and other officials and faculty members of both institutions.

Rector NUML Maj Gen (Retd) Masood Hasan while talking at MoU signature ceremony said, "Nations those tightly carry the cause of research and innovation are destined to be successful, developed and blessed but nations those exclude research and innovation from their lives, they are buried under the dust of oblivion."

He suggested to the students, "You should develop the habit of research and innovation in the areas you like the most. You may fail in the early attempts but this failure would ultimately lead you to greater success.

The one who falls is not defeated, the one who falls and rise is also not defeated but the one who falls and keeps lying is the one who is defeated."

Speaking on occasion Chairman IBF Kaleemul Haq said, "Our aim is to serve our countrymen and provide them the best academic facilities and support." He said, "It is aim of the institution that under the guidance of NUML, such an enabling environment should be provided to the students that they pass out as successful business and finance professionals and contribute into the betterment of the country as the country is in the dire need of such professionals". Talking to scribe, Director IBF Aftab Khan said that institution has initially started journey with the offering of MBA, M.Com, BS Accounting & Finance and BBA as affiliated programmes with NUML.