KARACHI - Karachi Chamber of Commerce & Industry (KCCI) and University of Karachi (KU), under Universities-Industries Linkage programme of KCCI, signed Memorandum of Understanding (MoU) to promote entrepreneurship and produce professionals as per need of corporate sector and industries.Karachi Chamber of Commerce & Industry’s President Mian Abrar Ahmad and Karachi University’s Vice Chancellor Prof Dr Muhammad Qaiser termed this initiative a productive move by two leading entities of Karachi which believe in ownership and optimum reciprocating to society and the country. President KCCI Mian Abrar Ahmad, speaking on the occasion of MoU signing ceremony at Karachi University articulated that Karachi Chamber of Commerce & Industry (KCCI) is enthusiastic to play a constructive and leading role in strengthening the foundation of the business community to effectively meet the challenges of today and tomorrow whilst promoting trade and industry in Karachi and elsewhere, maintaining its distinction amongst the top ten chambers of the world. He said that the quantum of significance attached to the City of Karachi justifies its status as an industrial, financial and commercial hub of the country. The largest metropolis of Pakistan having 20 million people, alone generates around 68 percent revenue yearly to the national exchequer, and the ports of Karachi handle 98pc cargo of the country. He said there are more than 15,000 industries and more than 350 commercial centres in Karachi. KCCI recognises the importance of the city, and pledges to render services to the benefit of the city at large.He informed that KCCI is envisioned to promote regional trade and trading in blocks due to its geo-strategic position as gateway to 3 regional economic blocks. KCCI has formed Pak-Afghan and Bombay-Karachi Joint Chambers to promote regional trade. Karachi University’s Vice-Chancellor Prof. Dr. Muhammad Qaiser appreciated the vital role played by Karachi Chamber of Commerce & Industry for revenue generation and socio-economic development of Karachi and Pakistan.He stated that he would recommend the Chancellor to nominate President KCCI as member in Karachi University’s syndicate. He said that KU chartered by Provincial Government is committed to making valuable contribution through modern information and communication technologies to provide extremely affordable world class uniform education to aspiring students all over the country.