Mr Mubashar Maqbool, Managing Director Pakistan Kuwait Investment Company (Private) Limited (PKIC), with his team, visited Institute of Business Administration (IBA) Karachi to formalize the agreement of establishing an endowment fund.

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

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

Pakistan Kuwait Investment Company (Private) Limited 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.

Mubashar Maqbool – 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.

Malahat Awan, 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.

Related: IBA Karachi awarded 2067 degrees in Convocation 2021 – 2022

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Arshad Yousafzai is a Karachi-based journalist covering Education and Human Rights. He can be reached on Twitter @Arshadyousafzay

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