Bank Alfalah Supports the IBA by Donating Rs 33 Million

Karachi, Dec 4, 2012: Bank Alfalah has announced that it will be supporting the Institute of Business Administration (IBA) by donating Rs33 Million to augment its Endowment Fund. Strengthening meaningful community causes and serving its role as a socially responsible corporation remains a key priority 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 join hands with the IBA to improve access to quality education in Pakistan. Apart from financial support, we hope our employees can also play a meaningful volunteer role by adding value/ mentoring students enrolled in IBA’s MBA program.”

The Institute of Business Administration ranks amongst Pakistan’s most reputable business schools. It is also globally renowned for its robust academic programs and forward-looking approach. Dean and Director, IBA Dr. Ishrat Husain said, “We are grateful to Bank Alfalah for their generous support to IBA in its endeavor to become one of the top business schools in the region and then globally. Investment in Intellectual and physical capital are necessary to achieve this goal and support such as provided by Bank Alfalah will facilitate us in our journey.” Bank Alfalah will be represented on the Board of Trustees of the Endowment Fund.

Supporting sustainability through a ‘Beyond Philanthropy’ approach is a key agenda priority for Bank Alfalah. The Bank is committed to working with reputable community partners to convert simple ideas into meaningful opportunities for all and hence fulfil its goal of good corporate citizenship.