PAK-Kuwait Investment Company (Pvt) Limited (PKIC) established an endowment fund at IBA Karachi to provide financial assistance to underprivileged students, according to a press release. Mubashar Maqbool, MD PKIC, with his team, visited IBA Karachi to formalise the agreement.

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

Later, Mr Maqbool presented a cheque of Rs4m to Dr Zaidi. •