National University of Science and Technology (NUST-Business School) has won third 'Local Investment Research Challenge', hosted by CFA Pakistan, held in Karachi. According to a press release issued here on Tuesday, as many as seven leading business schools of the country participated in the competition.
By winning the competition, NUST has advanced to 'Regional Investment Research Challenge', which will be held in Bali, Indonesia, where it will compete with teams from mainland China, Hong Kong, Taiwan, the Philippines, Indonesia, India, Korea, Japan, New Zealand, Sri Lanka and Singapore. The winner of regional competition in Bali will advance to the Global Investment Research Challenge (GIRC) at Omaha, Nebraska USA.
Power is a major issue that Pakistan and the world are facing at the moment. With this background, Hub Power Company was selected as a case study for this year's IRC so that students could get a view about the power sector. GIRC by CFA institute is a unique opportunity for university students to get practical experience in equity research and company analysis. This year over 2,000 students are competing from 500 universities across the world in the Challenge.
Muhammad Jawaid Iqbal, president of CFA Pakistan, commented, "This competition is a prime example of how we work with our university partners to nurture the next generation of investment professionals. I would like to record my appreciation for my fellow board members and society volunteers who have jointly contributed to CFA Pakistan becoming one of the leading societies globally."
Vince Harris, Chief Executive Officer, Hub Power Company, graced the occasion as chief guest and shared his positive views on the power sector of the country. CFA society of Pakistan is an association of investment professionals linked by the CFA Institute core values: professional excellence, integrity, strength of community and co-operation, and volunteer service. As CFA institute, the CFA Society of Pakistan is a volunteer-driven organisation whose members are employed as securities analysts, portfolio managers, strategists, consultants, educators, and other investment specialists. These professionals practice in a variety of fields, including investment counselling and management, banking, insurance, investment banking, and brokerage firms.-PR