JS Bank, one of the fastest-growing banks in Pakistan, has signed a Memorandum of Understanding to finance the acquisition of a Donor Management System for the Institute of Business Administration (IBA), the media reported.
Executive Director, IBA, Dr S Akbar Zaidi, and President and CEO, JS Bank, Basir Shamsie signed the agreement. JS Bank is assisting IBA in upgrading its technological capacity by donating a Donor Management System.
The aim is to promote the adaptation and effective use of technology for IBA in its resource mobilization efforts. JS Bank will provide PKR 1.4 million for the procurement of the Donor Management System.
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“The signing of the MoU marks a long-standing partnership of IBA with JS Bank. Today, we have witnessed another significant milestone achieved. The Donor Management System will build our capacity and assist us in our mission of providing quality education to talented and deserving students,” Executive Director, IBA Karachi, Dr Akbar Zaidi, said on the occasion.
Meanwhile Basir Shamsie, President & CEO, JS Bank said: “In continuation of our long association with IBA, we aim to improve the educational capabilities of the institution. This latest partnership will help IBA streamline its technological capability and enhance its foothold in the educational landscape of Pakistan.”
IBA @ibakarachi and JS Bank @JSBLPak signed an MoU to finance the acquisition of a Donor Management System for IBA.
🔗https://t.co/TqSHzISvmc#Academia|News #AcademiaMag #IBA #JSbank pic.twitter.com/rrKZspJj2K— Academia Mag (@academiamag) June 2, 2022
JS Bank’s contributions
With this system, IBA will be able to produce more from its effort to make quality education available to underprivileged students. Needless to say, JS Bank is working to build an educated, healthy, and prosperous society by providing healthcare, and education to the underprivileged members of our society.
Important to note that this is not the first time JS Bank has made commendable contributions to society. Back in 2020, JS Bank joined hands with the All Pakistan Private Schools’ Federation (APPSF) to provide customized financing facilities to school owners for meeting working capital requirements, purchasing assets, expanding network and human capital development, enabling schools to enhance their quality of education and reach more children across Pakistan.
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Committed to its role as a catalyst toward the progress and prosperity of Pakistan, the Bank hopes to continue this journey of impact by providing a variety of innovative conventional and digital solutions in the years ahead.