MOU Signed with IBA and PBICL
Pak Brunei Investment Company Limited, an Investment Finance Company established as a joint venture between Government of Pakistan and Brunei Investment Agency and the Institute of Business Administration, Karachi, Country’s renowned higher education institution have partnered with each other to support IBA’s financial assistance program for its financially deserving students. Executive Director, IBA, Dr. S Akbar Zaidi and Managing Director, PBICL, Ms. Ayesha Aziz signed an MOU at the Institute of Business Administration in Karachi. The MOU is for a period of 4 years. Under this MOU, PBICL will set up an annual scholarship fund worth PKR Two Million at the Institute supporting one deserving student at the IBA for the duration of his/her studies.
ACCA Approved Employer
ACCA team officially welcomed Pak Brunei Investment Company to our Approved Employer Programme at a virtual ceremony attended by the leadership of both the organisations earlier this week.
The ACCA Approved Employer Programme recognises employers’ high standards of staff training and development.
We’ll now be closely working with the team of Pak Brunei Investment Company in creating more opportunities for the ACCA community and will support them with their organisational goals by allowing greater access to ACCA’s future-ready talent, global network & world-class resources.
MOU Signed with Associated Constructors Limited and PBICL for Development of Affordable Housing Projects
Pak Brunei Investment Company Ltd. and its wholly owned subsidiary, Awwal Modaraba Management Limited entered into a Memorandum of Understanding with Associated Constructors Limited for the purpose of jointly working on real estate development projects, with focus on affordable housing projects. Ms. Ayesha Aziz, Managing Director from Pak Brunei, Mr. Abid Naqvi, Director ACL, and Mr. Karim Hatim, CEO Awwal Modaraba signed the agreement on behalf of their respective institutions.
The MOU underscores the interest of the three parties in ownership, construction, financing and management of affordable housing schemes. The parties bring unique strengths to collaborate together. The Modaraba Fund will own the project creating a new financing structure and removing many hurdles in provision of mortgage finance for ultimate users.
Mr. Abid Naqvi expressed his sentiments on this occasion: “As one of Pakistan’s leading construction company’s ACL is committed to the development of mid to high rise quality affordable housing to serve the needs of the country’s middle-income strata. ACL is delighted to be able to partner with one of Pakistan’s leading DFI’s in jointly pursuing this objective. We look forward to launching a residential project in collaboration with PBICL Group at the earliest.”