Bank Alfalah has announced that it will support the Institute of Business Administration (IBA) by donating Rs 33 million to it to augment its Endowment Fund. For Bank Alfalah strengthening meaningful community causes and serving its role as a socially responsible corporation, remains a key priority. 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 programme."

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." -PR

Copyright Business Recorder, 2012