Macquarie University, Sydney Australia and Institute of Business Administration (IBA), Karachi, Pakistan signed a Document of Understanding (DoU) to provide a framework of cooperation and facilitate collaboration amidst a special virtual signing ceremony. Ms. Nicole Brigg, Pro Vice-Chancellor (International), Macquarie University and Professor Dr. S. Akbar Zaidi, Executive Director, IBA have singed the DoU on behalf of their respective institutions. Professor Dr. Rahat Munir, Head, Department of Accounting and Corporate Governance, Macquarie Business School and Ms. Shehreena Amin, Manager External Linkages & International Resource Centre witnessed the signing ceremony. Mr. David Harrison, Executive Director, International of Macquarie University welcomed the collaboration and stressed upon the importance Macquarie places in establishing deep and meaningful engagements with its growing network of institutional partners around the world. The signing ceremony was also attended by Mr. Tanveer Shaheed, Associate Director, Global Engagement and Business Development and Ms Rumla Tahir, Country Manager (South Asia & Middle East) of Macquarie University. Professor Munir hoped that the collaboration will go a long way in building research and teaching capability of faculty and students of both the institutions. Must Read : Pakistani professional accountant mum wins gold in Australia The major thrust of the DoU is to promote mutually beneficial cooperation and enhance relations between the two institutions by facilitating exchange of academic materials and information, conducting joint seminar and other academic meetings, organizing guest lectureships, study tour for students and staff, study abroad programs and exploring articulation arrangements. Macquarie University is a research-intensive public University and home to some of the world's most pre-eminent researchers. Established in 1964, Macquarie is ranked among the Top 1% global universities, placed at number #195 in the world in Times Higher Education World University Rankings 2021. The IBA, Karachi is situated in Sindh, Pakistan. The IBA was established as a business school in 1955 with the technical support from the Wharton School of Finance, University of Pennsylvania and later from the University of Southern California. Over the years, the IBA has transformed into an inter-disciplinary institute offering undergraduate, graduate and post-graduate degree programs. Macquarie is a University of service and engagement and as part of this strategic intent Pakistan has been identified as a key priority country. This DoU (between IBA and Macquarie University) portrays the importance of building the bilateral relationship between these two countries with a focus on mutually beneficial outcomes in the higher education sector.