Faisalabad, October 27, 2026: National Textile University (NTU) Faisalabad Business School (FBS) has signed a Memorandum of Understanding (MoU) with the Institute of Cost and Management Accountants of Pakistan (ICMAP) to strengthen academic and professional collaboration and create enhanced educational and career development opportunities for NTU students and employees.

The MoU was signed by Dr. Rashid Masood, Rector, National Textile University, on behalf of NTU and Mr. Abdul Shakoor, Chairman, Faisalabad Branch Council (FBC), ICMAP, on behalf of ICMAP. Prof. Dr. Sajjad Ahmad Baig Dean FBS brief that this agreement aims to promote professional accounting education, facilitate access to the CMA qualification, and strengthen cooperation between academia and the professional sector.

The agreed benefits include the following:

• 25% Tuition Fee Discount for NTU Employees: All eligible NTU staff members will be entitled to a 25% discount on tuition fees for the CMA qualification at ICMAP centres nationwide.
• 100% Tuition Fee Waiver for NTU Position Holders: NTU position holders who secure admission to the CMA program will be eligible for a 100% tuition fee waiver at ICMAP centres nationwide.
• 75% Tuition Fee Waiver for Students Securing 85% or Above: Students who achieve 85% marks or above will be eligible for 75% tuition fee waiver upon admission to the CMA program at ICMAP centres nationwide.
• 50% Tuition Fee Waiver for Students Securing 75% to 84.50% Marks: Students obtaining marks within the specified range will be eligible for a 50% tuition fee waiver upon admission to the CMA program at ICMAP centres nationwide.

Moreover, NTU BSAF graduates will be entitled to exemptions from 9 out of the 18 CMA courses and 3 out of the 6 practical modules. This arrangement will provide graduates with a more streamlined pathway towards professional qualification and enhance their career prospects in accounting, finance, auditing, and business management.

Additionally, ICMAP will offer a 20% discount on corporate training programs, workshops, and related professional development activities. Both institutions will also explore opportunities for joint research, faculty and professional development, human resource management, seminars, and other academic initiatives.

This collaboration reflects NTU's commitment to developing strategic partnerships with professional institutions, enhancing graduate employability, and providing students and employees with accessible opportunities for professional growth and lifelong learning.