Virtual University of Pakistan (VUP) signed a Memorandum of Understanding with MCB Bank Limited on Thursday, July 13, 2017. The MoU was signed by Mr. Naeem Tariq, Director Finance Virtual University of Pakistan and Mr. Mirza Ali Raza, Head Institutional Sales MCB Bank Limited in a ceremony held at MCB House Lahore.

The MoU envisages collaboration between the two institutions to share professional expertise to help facilitate a shared growth and progress of the industry and academia. By virtue of this MoU, the MCB Bank will provide specialized financial products and services to Virtual University featuring benefits for fee collection of large educational institutions. VUP shall also extend technical and professional expertise for MCB employees. MCB will also be able to capitalize on VUP’s Satellite Airtime for extending learning activities to its employees throughout the geographical regions where MCB operates.

Sharing his thoughts on this occasion, Mr. Mirza Ali Raza said that it’s an honor for MCB Bank Ltd. to create a strategic linkage with Pakistan’s leading distance learning higher education institution. He further said that this partnership will go a long way in establishing a framework for sharing knowledge, experience and insights to strengthening and creating value for both sectors.

Commenting on the development, Dr. Naveed A. Malik, Rector Virtual University of Pakistan also briefed about VUP’s endeavors and conscientious efforts towards improving the educational standards of Pakistan. He said that this linkage will substantially help foster the development of human capital in both institutions.

Besides officials of both institutions, Dr. Syed Abdul Majid, Registrar VUP and Mr. Ehsen Puri, Director ICT VUP also attended the ceremony.