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Pak-Kuwait Investment Company establishes an endowment fund at IBA Karachi to provide financial assistance to underprivileged students.

News Desk
December 27, 2022
Pak-Kuwait Investment Company establishes an endowment fund at IBA Karachi to provide financial assistance to underprivileged students.
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Mr. MubasharMaqbool, MD PKIC, with his team, visited IBA Karachi to formalize the agreement.

Dr. S Akbar Zaidi, Executive Director IBA, and Mr. MubasharMaqbool, MD PKIC, signed the MoU on behalf of their respective institutions.

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Mr. Hammad Anwar, Group Head HR PKIC; Samira Arif, HRBP PKIC; Sana Fatima, HRBP PKIC; and Ms. MalahatAwan, Director Corporate Relations and Resource Mobilization IBA, were also present at the occasion. Later, Mr. MubasharMaqbool presented a cheque of PKR 4 million to Dr. S Akbar Zaidi.

Pakistan Kuwait Investment Company (Private) Limited (PKIC) is Pakistan’s leading Development Financial Institution (DFI) engaged in investment and development banking activities in Pakistan. PKIC was established as a joint venture between the Governments of Pakistan and Kuwait in 1979

Dr. S Akbar Zaidi highlighted the university’s efforts in providing accessible education and said that IBA’s mission is to make education more inclusive. Our alumni are working in prestigious organizations and occupying leadership positions across the globe, making their alma mater proud.

MubasharMaqbool – MD PKIC, present on the event, said that there is no better resource to invest in, other than the human capital. PKIC is proud to associate itself with IBA in the pursuit of encouraging quality higher education. We hope this relationship will have a lasting impact for the youth.

Ms. MalahatAwan, at the occasion, said that IBA is a public sector university that has dual responsibilities, to provide quality education and to give financial support to the students who are facing financial challenges. Each year, we provide scholarships to 30% of our entire student body with the help of our corporate partners.

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