.JPG)
The Institute of Business Administration (IBA),
Karachi and ASA Microfinance Bank (Pakistan) Ltd signed a Memorandum of
Understanding (MoU) for the creation of an endowment fund of PKR 10 million to
support the education of students from marginalized areas.
CEO, ASA Microfinance Bank, Mr. Saeed Uddin Khan,
and Executive Director IBA, Dr. S Akbar Zaidi, signed the MoU on behalf of
their respective institutions. Representatives from ASA MFB included Deputy
CEO, Mr. Tasawar Hussain, and Social Performance Manager, Mr. Irfan Hyder. The
IBA was represented by Director Corporate Relations and Resource Mobilization,
Ms. Malahat Awan, Director Finance, Mr. Moeid Sultan and Director NTHP, Mr.
Junaid Alam Khan.
On the occasion, Mr. Khan said, “We are working with
women on the grass-root level, often neglected by the big commercial banks, to
enable and equip them with the resources to set up small businesses and drive
themselves out of poverty. We find IBA working on similar lines by reaching the
young talented students in far-flung areas and dispensing quality education to
uplift their socio-economic condition. We are delighted to be part of this
endeavor".
Dr. Zaidi thanked ASA Microfinance Bank for creating
an endowment fund and helping IBA in its mission of inclusivity and promotion
of education. Later, Mr. Khan presented a cheque to Dr. Zaidi.
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