CPEC Consortium of Business Schools launched at NUST Islamabad

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CPEC Consortium is another step forward towards successful implementation of CPEC

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The “CPEC Consortium of Business Schools” has been established at the National University of Sciences and Technology (NUST) following a two-day conference in Islamabad.

The conference was organized by Higher EducatioCommissionon (HEC) and was aimed at setting the course of the academic collaboration between Pakistan and China.

Federal Minister for Interior Prof Ahsan Iqbal was chief guest while, Du Yubo, President, China Association of Higher Education (CAHE), Dr. Arshad Ali, Executive Director HEC, Lt. Gen. (R) Muhammad Asghar, Consultant (CPEC) were also present.

“China Pakistan Economic Corridor is start of a new era in the region,” said Ahsan Iqbal, adding that almost $36 billion of the CPEC investment has been allocated for energy projects in Pakistan. He said that CPEC also encompasses mega infrastructure projects like Gwadar Port, and will help in structural transformation of Pakistan’s economy.

Connecting development of any country to political stability, social security, and integrated policies, the Minister said China is a role model for Pakistan to make economic progress. “Economic miracle is no rocket science, it is a common sense that we need to learn from China,” he underlined. He stressed the need for developing new capabilities to become competitive in the world.

Explaining the importance of CPEC Consortium of Business Schools, Du Yubo said scholars from nine leading Chinese universities jointly with representatives of 10 Pakistani institutions will pave the way for extensive collaboration between Pakistan and China. He said that Pakistan and China need to devise a strong mechanism of communication.

He assured that CAHE will take all possible steps for effective coordination. “The two sides have to gather all their resources and mobilize professors and students to work for the success of CPEC,” he maintained.

In his remarks, Dr. Arshad Ali said incorporating human resource development in CPEC is a big initiative for ensuring success of all the development projects. He hoped that the Consortium will set a ground for enhanced academic collaboration. The Executive Director appreciated the Government, CAHE and other stakeholders for their support to materialize the idea of forming a Consortium to bring business school leaders on a single platform.

Earlier, Lt. Gen. (R) Muhammad Asghar announced a joint declaration adopted in the conference. He said the conference contained talks on issues pertaining to CPEC in addition to various interactive sessions. He revealed that seven areas are being focused under the long-term plan devised to integrate economies of the two countries under CPEC.

CPEC Consortium of Business Schools of the two countries will focus on issues of economics and management. The business schools will be assigned projects to assist the two governments in the development and operation of CPEC.

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Partner institutions from Pakistan and China

Chinese institutions in the Consortium include:

• Fudan University, Shanghai
• Tsinghua University, Beijing.
• Peking University, Beijing S
• Shanghai Jiao Tong University, Shanghai.
• Hong Kong Polytechnic University, Hong Kong.
• Nanjing University, Nanjing.
• University of Science Technology of China, Hefei.
• Zhejiang University, Hangzhou.

Pakistani institutions include:

• National University of Sciences and Technology (NUST), Islamabad.
• COMSATS Institute of Information Technology, Islamabad.
• Institute of Business Administration (IBA), Karachi.
• Lahore University of Management Sciences (LUMS), Lahore
• Balochistan University of Information Technology, Engineering and Management Sciences (BUITEMS), Quetta.
• Institute of Management Sciences (IMS), Peshawar.
• Pakistan Institute of Development Economics (PIDE), Islamabad.
• University of the Punjab, Lahore.