On September 4, 2019, CBS signed an MoU with The Citizens Foundation (TCF). This MoU marked the beginning of a first-of-its kind collaboration between TCF and CBS, LUMS. Under this MoU, TCF and CBS agreed to facilitate the admission of meritorious TCF Alumni in tertiary institutions. This was to ensure that maximum efforts will be put in every year to help prepare a good number of meritorious TCF Alumni for admission in the top undergraduate degree programmes in Pakistan, including LUMS.
The MoU was signed by representatives of CBS (Vice Chancellor of LUMS, Dr. Arshad Ahmad, Dean Suleman Dawood School of Business - LUMS, Dr. Alnoor Bhimani, and Director Centre for Business & Society, Dr. Zehra Waheed) and TCF (Vice President, Mr. Riaz Kamlani). The ceremony was attended by the CBS team, TCF management, TCF alumni, Executive Council members of LUMS Photographic Society, and representatives of LUMS Alumni NGOs (Rizq, Chiraagh and Qadam) and students of LUMS.