Karachi, Nov 12, 2012: Bank Alfalah has announced that it will be supporting the Karachi School for Business & Leadership (KSBL) by donating Rs100 Million to the Karachi Education Initiative (KEI), which is the parent body of KSBL. Supporting meaningful community causes and serving its role as a socially responsible corporation remains a key value for Bank Alfalah. Further, within its wider community investments, education is a focal area which the Bank aspires to support, as part of its social governance efforts in the country.
Bank Alfalah’s Chief Executive Officer, Atif Bajwa said, ‘We are pleased to play our part in strengthening the objectives of KSBL, as education is a key priority on the Bank’s corporate social responsibility agenda as well. At Bank Alfalah we encourage a two-pronged approach which incorporates financial investment towards meaningful community causes coupled with employee volunteer programs, in order to create measurable and sustainable impact in our communities. We are optimistic that initiatives such as KSBL will go a long way in improving the standards of education in Pakistan and will help bring them closer to global benchmarks in the future.’
The Karachi Education Initiative entered into a comprehensive Strategic Collaboration with the Judge Business School, University of Cambridge in 2009. As per this arrangement, Cambridge has taken a strategic lead role in setting up the KSBL including, faculty recruitment, faculty planning and development, curriculum design, and establishment of applied research.
Responsible Finance and Sustainability through a ‘Beyond Philanthropy’ approach are key agenda priorities for Bank Alfalah. The Bank is committed to growing in alignment with the core principle of responsible finance and working with community partners to convert simple ideas into meaningful opportunities for all.