Bank Alfalah & Virtual University Collaborate To Bridge Gap Between Industry And Academics

Pakistan’s leading bank, Bank Alfalah has signed an agreement with Virtual University of Pakistan, Lahore in order to develop a learning framework between these institutes. The aim of this collaboration is to diminish the gap between business industries and academics. This contract of agreement was signed by representatives of both the parties. Head Learning and Development Division, Ahmed Nauman Anees represented Alfalah while Prof Dr. Syed Abdul Majid was representative from Virtual University.

The struggle by the two institutions is to create a favorable environment for shared learning. This will be achieved through exchange of knowledge and information and use of expertise to facilitate growth and development of students. As per the agreement Virtual University would improve and further develop the Learning Management System (LMS) for BAFL employees by sharing professional expertise. It will also provide facilities to BAFL in order to conduct hiring tests in their campuses nationwide.

VU may also offer practical skills for the advancement of question bank, evaluation system, and virtual threshold. Moreover those professionals who would have the relevant expertise and knowledge would be invited to deliver lectures. Also VU will provide training to its employees through sessions managed by BAFL Learning & Development Division.

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VU’s Satellite Airtime would be used by Bank Alfalah to spread learning and knowledge to its staff throughout the country. In return, Bank Alfalah may help VU in field of designing and internal executive growth programs.  The collaboration between the two institutes may produce computer based simulations and cooperative training subjects.

Also for encouraging young students, Bank Alfalah might also give awards and honors to promising students. Also the bank would make them a part of its Internship program, allowing them to perform experimental learning projects.