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IBA forms three schools, launches new degree programs

Published

2 years ago

Farwa

KARACHI: Institute of Business Administration’s (IBA) retreat took place after the formation of three schools and the launch of new degree programs with the appointment of three permanent deans for each school.

The event took place at Pearl Continental Hotel from June 28-29 under the leadership of Dr S Akbar Zaidi, who is the executive director of the institute.

Key stakeholders from IBA along with prominent experts and strategists from academia were invited to participate in the development of the institute’s future vision.

Along with the launch of schools and degree programs, the institute has also put in place the policy and regulatory frameworks, and various research and professional development centres have been established.

The purpose of the retreat was to remain abreast with the recent trends, and ideas, while envisioning the role of the IBA in the socioeconomic development of the country and lay the foundation for a concentrated journey to achieve the institute’s vision.

The leadership aspect reflected upon the newly appointed full-time deans who will lead their respective schools on the academic and research fronts — enabled by a revamped Office of the Registrar which will provide administrative, technological and logistical support. Various steering and monitoring committees are in place to ensure accountability across the board.

The infrastructural and technological development side included the solar energy project, faculty apartments, new girls’ hostel, a state-of-the-art digital IBA project, and overall revitalisation of the campuses.

The event was attended by a large number of IBA faculty members, staff, and senior leadership.

The participants appreciated the idea of setting up a long-term plan for the IBA and underscored the importance of holding such events in the future to monitor and ensure progress toward IBA’s future vision.

Business

Pakistan’s gold prices continue to decline.

Published

20 hours ago

Farwa

The price of ten grams of 24 carat gold dropped by Rs 1,201 to Rs 205,418 from Rs 206,619, while the price of ten grams of 22 carat gold dropped to Rs 188,300 from Rs 189,400, according to the All Sindh Sarafa Jewellers Association.

Silver, priced at Rs. 2,620 per tola and Rs. 2,254.80 per ten grams, stayed at that level. As reported by the organization, the price of gold dropped by $11 on the global market, to $2,297 from $2,308.

Business

Price of LPG “slashed” by Rs. 20 per kilogram

Published

20 hours ago

Farwa

Sources claim that LPG rates have been lowered by Rs 20, making the cost per kilogram drop from Rs 280 to Rs 260.

It is noteworthy to remark that the costs of LPG were reduced by Rs 20 per kilogram earlier, resulting in a total reduction of Rs 40 per kilogram within a few weeks.

The price of liquefied petroleum gas for the month of May 2024 was lowered by the Oil and Gas Regulatory Authority (OGRA) on April 30.

The LPG tariffs were lowered by Rs 11.88 to Rs 238.46 per kilogram in accordance with the OGRA’s notice. On Wednesday, May 1, 2024, the new rates will go into effect.

In April of last year, the price per kilogram of LPG was Rs 250.34. pricing reduction of Rs 140.18 has resulted in a new pricing for home LPG cylinders set for May 2024 of Rs 2813.85.

The OGRA reported a drop in liquefied petroleum gas pricing in April. The price of LPG is now Rs 250.34 per kg instead of Rs 256.78 due to a reduction of Rs 6.44 per kg.

The price of the household cylinder was fixed at Rs 2954.03 for the month of April, down from Rs 3030.12, a decrease of Rs 76.9.

Business

ADB delegation stops by FBR headquarters

Published

20 hours ago

Farwa

Senior Director ADB Tariq Niazi oversaw the expedition, which also involved Sana Masood, Farzana Noshab, and Senior Public Sector Management Specialist Laisiasa Tora. The meeting included presentations from economists as well, according to an FBR press release.

The officers focused on structural and policy adjustments as they discussed the Domestic Resource Mobilization Program’s implementation at the meeting.

$300 million was given to the Pakistani government by ADB in December 2023 as a result of the hard work and dedication of FBR. Better laws, regulations, and institutional capability for the FBR were established by Sub-Program I.

With the $300 million in funding provided by the Asian Development Bank (ADB) to the Government of Pakistan in December 2023, the delegation conveyed satisfaction with the program’s effective launch.

The FBR also underlined how crucial digitization is to recording the economy and boosting productivity in a sustainable way.

In order to promote the Government of Pakistan’s Digital Tax Administration Project, both parties decided to look into measures to improve their cooperation.