07:30 PM

Ishrat Husain
Director IBA

 11:30 PM 

As part of the high status attached to the Institute of Business Administration, the IBA Alumni have perpetuated a legacy of excellence and leadership in all walks of life. To commemorate their success and acknowledge their contributions, the IBA held its Alumni Dinner 2008 on Sunday, July 20.

The event saw a turnout of nearly 1600 Alumni of the most prestigious business school in Pakistan accompanied by some of the biggest names of the country's corporate sector. The Guest of Honor was Mr. Shahid Shafiq, a member IBA Board of Governors, seasoned alumnus and a renowned businessman.

The event commenced with an inaugural speech by Dr. Ishrat Husain, the Dean and Director of IBA, who has recently joined the institute, having brought with him a diverse and impressive experience of serving in the economic institutions of Pakistan and the world in various capacities, including the governorship of State Bank of Pakistan (SBP) for six years. In his speech, he honored the people who have contributed to the esteem of the Institution and unveiled his plans for the future of the IBA.

His speech focused on enlightening the audience about the current economic conditions of the country, mainly with reference to the role of financial institutions such as banks, insurance companies and investment firms. He shed light on his past experience at the World Bank where he was conducting a study on educational institutions in Pakistan and his results declared IBA as one of the best in the country. He also spoke of the Indian economy and industry and how they have become a beacon of light and a force to reckon with.

Dr. Ishrat Hussain’s speech was followed by an address from the Chief Guest, Mr. Shahid Shafiq, who commented on the contributions of the IBA Alumni to the economy of the country through their services in various sectors. He said he hoped to see a continuation of this tradition of excellence in the future graduates of the IBA.

Afterwards, the audience was addressed by the Alumni Managers Aania Alam, Aina Gul Marwat and Muneeza J. Khan, who graciously thanked Dr. Ishrat Husain, Dr. Shahid Mir, the Student's Counselor and Mr. Imran-ul-Haq, the Alumni and Placement Manager for their continued support and guidance in arranging the event. They proceeded to thank the Student Executive Council and the event team for their commitment and hard work in making this event possible. They also thanked the sponsors of the event, Mobilink (Diamond Sponsor), The Jang Group (Media Sponsor), Arif Habib Investments, Indus Motors Ltd., Engro Chemicals and Invest Capital and Securities (Private) Ltd. for their financial support in making the event possible.

The thank-you note was followed by an address from Umair Waheed Shaikh, the Vice President of the Business Administration Students' Council, wherein he observed the efforts of this year's BASC, ESF and BITS to bring up the standard of events and student activities at the IBA. He commented on his own tenure and the council's commitment to provide the student body with a memorable year and hoped the benchmarks of performance set by all BASC members will be met by the future councils.

Before the dinner was declared open, plaque distribution took place; Dr. Ishrat Hussain presented plaques to the chief guest, Mr. Shahid Shafiq, the Alumni Managers (mentioned above), the Vice Presidents of the Students' Councils and the Student Executive Council; Salman Humayun (Event Manager), Yamna Sultan Bari (Marketing Manager), Madiha Sheikh (Registration Manager) and Ather Sheikhani (Chief Organizer).

The dinner was declared open at 10:15 pm. The dinner ended on a note of youthful celebration with a stunning performance by Strings, who sang some of their hit singles to an excited audience of 1500 at the IBA Main Campus.

07:00 PM - 07:50 PM

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10:15 PM - 11:00 PM 

December 2004 Shell Tameer provides opportunity to 'Young Entreprenurs', including, 'IBA Alumni', to earn attractive awards. For details please visit website: www.tameer.org.pk and refer to the following advertisment:

Young Entrepreneur of the Year Awards Aged 18-32 and recently started a business / or developed a business plan? Shell Tameer offer you the opportunity to: Be the winner Get load of publicity Meet other young people in business For entry details: Phone : 111 111 456 website: www.tameer.org.pk

ISLAMABAD, August 28, 2004: Prime Minister Mr. Shaukat Aziz won a vote of confidence from the National Assembly on Saturday and spelled out his government's plans to counter the challenges the country was facing in the areas of law and order, defence, foreign policy and economic reforms.

BRIEF INTRODUCTION OF MR SHAUKAT AZIZ
Born at Karachi, on March 6, 1949..

Early education at Saint Patrick's School, Karachi and Abbottabad Public School, Abbottabad.
Graduated (B.Sc) in 1967 from Gordon College, Rawalpindi.
Obtained MBA Degree in 1969 from Institute of Business Administration, University of Karachi.
Shaukat Aziz enjoys golf, music and art. He is married with three children.

Started his career in 1969 when he joined Citibank, Karachi. Moved overseas in 1975 and has since served in several countries including the Philippines, Jordan, Greece, USA, UK, Malaysia, Singapore and Saudi Arabia. His assignments included Head of Corporate and Investment Banking for the Central and Eastern Europe, Middle East and Africa; Corporate Planning Officer, Citigroup. He was appointed Executive Vice President of Citibank in 1992 and has had 30 years of experience in global finance and international banking. Shaukat Aziz is a frequent speaker on international finance and has attended numerous forums, seminars and conferences on international finance as well as attended management courses at several universities. He has been a member of the Board of several Citibank owned entities including Saudi American Bank, Citi Islamic Bank as well as several non-profit organizations.

In November 1999 Shaukat Aziz was appointed as Pakistan's Minister of Finance with responsibility for Finance, Economic Affairs, Statistics, Planning and Development and Revenue Division. As Minister of Finance, Shaukat Aziz was also Chairman of Economic Coordination Committee of the Cabinet, Chairman, Executive Committee of National Economic Council and Chairman, Cabinet Committee on Privatization. "Euromoney" and "Bankers Magazine" has declared him as the Finance Minister of the year 2001.

The democratically elected Government of Prime Minister Jamali had also retained him as Finance Minister, which indicated continuation of Financial and Economic Reforms Agenda. Shaukat Aziz was elected Senator in 2002. He was sworn in as Prime Minister of Pakistan on August 28, 2004.

Mr. Asad Umar (President and Chief Executive of Engro Chemicals Pakistan Limited) was interviewed by a team of IBA students and staff in March 2004. Mr. Umar is an alumnus of IBA, Karachi. His thoughts have been reproduced as follows:

Q. Academic qualifications and achievements?
A. Bachelors in Commerce (B.Com) from Government College, Karachi. Masters in Business Administration (MBA) from IBA (Batch of 1984).

Q. Previous Important positions held?
A. Worked in HSBC bank soon after graduation for seven months then joined EXXON Chemicals. He then became CEO Engro Asali in 1997 and got transferred as SVP of fertilizer operations in 2001 and is now the CEO of Engro Chemicals Pakistan Ltd.

Q. Strengths that have contributed towards your success?
A. He believes that one of the most important thing that contributed towards his success was LUCK. Besides luck he believes that one has to find something he/she is passionate about which drives him/her all along. The individual then has to evaluate whether he/she is good at it or not! and here's where luck counts most.

Q. Role of IBA in your Success?
A. He owes his success to IBA. Talking especially about Dr. Hashmey (one of his teachers) who taught him Financial Management, says that his love with finance was merely due to Dr. Hashmey and he owes that to him.

Q. Any Memorable incident at IBA during your student life?
A. He recalled quite a few
· He met his wife at IBA (same batch) but she graduated in 86'
· Captained the IBA cricket team.
· Stood for BASC elections for Office Bearers (General Secretary) but lost.

Q. Any changes that you noticed amongst students over the last 20 years?
A. He believes that the students are much brighter now but less well educated and he believes that its due to the fact that IBA is not investing in Faculty. He says that apart from discipline, graduating program is about intellectual content, research, quality of teachers and connection between the institute and the corporate world. He firmly believes that the Executive Education Program started at IBA will certainly help to bridge the gap between the institute and the corporate world. Teachers should start consultancy program and the most important thing is that teachers should have experience of corporate world themselves.

Q. Vision for Engro?
A. Engro over the years has acquired a reputation of excellence in Pakistani corporate world and is unarguably highly rated. This is true for Pakistan, and now he wants to extend this in the global arena as well, through logical progression. He wants to initiate this by going into south and central Asia, first. He wants to develop competence to compete with the best in the world, because now you cannot build a wall around yourself to escape competition. He believes it's high time we start thinking locally and act globally.
The challenge for implementing this vision is evident from the fact that monoculture does not exists anymore. Managing change is becoming more difficult. Engro is a sensitive organization with grassroots culture. Engro still has an excellent team.

Q. Engro's vision 10 years from now?
A. He says that it is vital to invest into intellectual capital. It's the researcher that makes the money not the person / organization that works on generic ideas. Making change is much more difficult now and requires change to be handled professionally. In order to achieve this Engro has an outstanding team, which is its strength.

Q. Suggestions for change in IBA curriculum that would help?
A. He wants students to work on local cases. Students should seriously work on local cases and developed them with a view to help the business world. IBA students should perform beyond their "perceived value" in the market.

Q. How can Engro and IBA get together?
A. IBA should try to establish more official connections, other than personal invitations to me for a guest speaker session. IBA needs more faculty in consultancy, because "its absolutely criminal" to be without faculty in R & D, with extensive corporate experience.

Q. Advice to students who aspire to succeed?
A. It's all about having a long-term vision. A vision should be compelling and inspiring.He said, "All that matters is what YOU do for others". His vision is:
· To make a substantial contribution to the well being of Pakistan's economy.
· To abide by the value system - Integrity and family
· See what is important in life.
· Have a vision for yourself and define that vision to yourself.

To put it in a nutshell, LIVE FOR YOUR VISION AROUND YOUR, SELF DEFINED VALUES.

Interview Conducted by,
Danish Hussain Qureshi (MBA III)
Ghalia Naseer (MBA III)

The BASC Alumni Council held a guest speaker session on the 15th of October 2003, inviting Mr. Saiyid Muhammad Hanif to share his experiences and wisdom. He did his MBA from IBA in 1970 and also holds a law degree. He had worked in many esteemed organizations, starting off his career with Grindlays Bank and along the way had worked for PICIC Bank and Investment Corporation of Pakistan as a finance analyst. Then he retired as the Chief Division Officer for Asia Pacific, Latin America and Arab States for the United Nations Capital Development Fund. Mr. Hanif is also a world-renowned Urdu poet.

Mr. Hanif praised IBA for its dedication and discipline and remembered his stay with fond memories. He highlighted three important factors that can lead to a successful life. Firstly, to put in hard work and honesty in any task and making it worthy; secondly, to always serve and be dedicated to one's parents; and finally, to have complete faith in God Almighty and practice 'Tawakul". Overall, the session was highly enlightening for everyone present there.