University of Engineering and Technology (UET) Lahore signed a Memorandum of Understanding (MoU) with TechnoSoft Solutions Private Limited. The purpose of this agreement was to share relationships and experiences between industry and educational institutions. Under the agreement, UET will exchange up-to-date information, experiences, and research, while TechnoSoft will per annum, hire two UET teams, each consisting of five students. TechnoSoft will provide a monthly stipend of Rs 20,000 per team member to Department of Computer Science after the probation period of three months. Vice Chancellor UET, Prof. Dr. Syed Mansoor Sarwar said that such industrial linkages would go a long way in producing industry-ready graduates and greatly help in country march to become a force to recon with on the map of IT industry of the world. The TechnoSoft team will also directly pay additional bonuses and other benefits to the members. Vice Chancellor UET and CEO TechnoSoft Solutions Mr. Anis UR Rehman Siddiqy signed the documents.