LAHORE - The University of Central Punjab (UCP) has taken another step to respond to the prevailing crunch in the Pakistani job market. While observing incapacity to absorb increasing number of graduates, UCP realised the significance of training its students to be able to develop self-dependent and sustainable means of work, says a press release. The Faculty of Management Sciences at the University of Central Punjab has recently formed an exclusive Department of Entrepreneurship, aiming to develop a dedicated drive for the promotion of entrepreneurial spirit amongst its students. As a first initiative in this regard, the Department of Entrepreneurship at UCP signed a MoU with SME Business Support Fund, an initiative of the Ministry of Finance to nurture the potential and existing entrepreneurs in Pakistan. Pro-rector UCP, Dr Tahir Hijazi, and CEO SME Business Support Fund, Saquib Mohyuddin, inked the MoU. The MoU signing ceremony was held at UCP in the presence of various relevant personnel from both organizations. The agenda of the MoU was the joint promotion of Pakistan Entrepreneurs and Leaders Program (PELP) - 2011, where a variety of Entrepreneurial activities will be organised on a regular basis in the form of workshops at the premises of UCP in collaboration with a team of SME Business Support Fund. These workshops will mainly entail business plan competitions judged by a panel of real life entrepreneurs from the industry as well as a series of interactive sessions for the students with leading industry experts, donors, financiers and government entities.