02 January 2014

Sir Anwar Pervez inaugurates UBL Sports Arena and Boys Hostel at IBA Karachi

The impressive inauguration ceremony was graced by the Governor State Bank of Pakistan Mr. Yasin Anwar. The prestigious event was hosted by Dr. Ishrat Husain Dean of IBA; in attendance were captains of industry; diplomats; faculty members; students and alumni of IBA.

The UBL Sports Arena was constructed over a period of two years through donations of US$ 750,000 by United Bank Limited.

Bestway Foundation Pakistan donated US$ 1 million for the Boys Hostel.

In recognition of Sir Anwar's entrepreneurial successes and selfless philanthropic endeavours, Dr. Ishrat announced that IBA has decided to dedicate the Boys Hostel as Sir Anwar Pervez Boys Hostel.

Bestway Group Chief Executive Mr Zameer Choudrey who has been championing the Group's corporate social responsibly initiatives said; "Bestway Group prides itself at being at the heart of the community. As the country's leading foreign investor we have actively contributed towards the capacity enhancement of IBA, Pakistan's premier public business school, thus facilitating the creation of an enviable alliance between academia, enterprise and philanthropy".

Mr. Choudrey further said; "In the last two decades, Bestway has donated in excess of US$ 9 million for community empowerment through investments in schools, universities and hospitals".

Bestway Group is the largest overseas Pakistani investor in the local economy with investments in excess of US$ 1.5 billion.

Bestway Group owned UBL is Pakistan's 2nd largest private bank and for the 2nd year running was declared the Bank of the Year for Pakistan by UK's Banker Magazine.

Bestway Foundation Pakistan is a charitable trust which is chaired by Zameer Choudrey and provides funding to local schools, national universities and hospitals throughout the country.

In the last three years alone UBL and Bestway Foundation Pakistan have jointly donated/pledged over US$ 1.7 million to IBA.