State Bank of Pakistan and LUMS Sign MOU to Launch Chair in the Field of Banking Law - Press Release issued by Lahore University of Management Sciences.

Lahore -- February 19, 2019 (PPI-OT)

Following is the text of press release issued by Lahore University of Management Sciences (LUMS)

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The State Bank of Pakistan (SBP) and Lahore University of Management Sciences (LUMS) signed an MOU for the establishment of the SBP Chair in the field of Banking Law at the Shaikh Ahmad Hassan School of Law (SAHSOL) at LUMS. To formalise the MOU, Mr. Tariq Bajwa, Governor, SBP and Dr. Arshad Ahmad, Vice Chancellor, LUMS, signed the agreement on February 18, 2019.

Since 2001, the State Bank, through its outreach programme, has been collaborating with public sector universities to regulate the educational aspects of the banking sector. LUMS is the first private sector university to have been chosen by SBP for such a collaboration.

Present at the ceremony were Syed Babar Ali, Founder and Patron of LUMS, Dr. Parvez Hassan and Ms. Saima Khawaja, Members of the Board of Trustees of LUMS, Mr. Shahid Hussain, Rector LUMS, Dr. Kamran Asdar, Acting Dean, SAHSOL and eminent lawyer, Mr. Hasan Irfan.

Showing his strong support in favour of LUMS, Mr. Bajwa remarked, "We are signing this MOU with an educational leader and thus there is bound to be a positive impact. LUMS gets the brightest and produces the best lawyers. If we are able to train them well, provide them with the necessary skills and give them the right academic base, then I'm sure they are going to...