LAHORE: The Lahore University of Management Sciences (LUMS) School of Education (SOE) and the Khyber Pakhtunkhwa (KP) gove
rnment has announced a partnership for
education and entrepreneurship.
The announcement was made during an event held at the Chief Minister House, Peshawar on Tuesday.
A service level agreement was signed between LUMS and the KP gove
rnment between the university vie chancellor Pr Dr. S. Sohail Naqvi and KP Director General Youth Affairs Asfandyar Khan Khattak.
The Youth Entrepreneurship and Education Pro
gramme entails training various cohorts directly and selecting at least seven universities in KP, preferably those more accessible to young entrepreneurs from rural communities, to join the cohorts with at least two obse
rvers/trainees. LUMS will provide oversight and stewardship to these seven universities to bring them to the same level as the cohort being developed by LUMS itself.
Under the pro
gramme, the KP gove
rnment will provide funding to promising business ideas and start-ups with unique products and/or services.
Addressing the ceremony, the vice chancellor said, “Our youth is our future. We are proud and delighted to be working with the KP gove
rnment on this ground-breaking initiative that focuses on entrepreneurship as the vehicle to improve the economic well being of the youth”
“LUMS will share all of its learning and provide oversight and stewardship to selected universities in the province, so that the impact of the initiative may be enhanced,” he added.
Asfandyar Khan Khattak, at the occasion, termed this collaboration between LUMS and the PK gove
rnment as “important one” and said that their main target was to engage the youth in the province and es
tablish them as entrepreneurs as well as bring back the youth who had moved out of the province and es
tablished their businesses elsewhere in the country.”
The KP gove
rnment has allocated Rs.500 million for the KPIC, of which 84% will be given as grants directly to successful applicants and 16% will be used to implement the pro
gramme by the LUMS SOE.
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