In November 2012, Getz Pharma donated PKR 25 million to Institute of Business Administration (IBA), to assist them in promoting quality education in Pakistan. At the ceremony organized at IBA, Dr Ishrat Husain, Dean and Director, IBA, and Mr Khalid Mahmood, Managing Director and Chief Executive Officer, Getz Pharma, signed a Memorandum of Understanding (MoU) aimed at establishing a strategic partnership between the two institutions. The purpose of the agreement is to promote academic and applied research in the country and to support students with financial needs, in their academic and professional pursuits.
Emphasizing the importance of this strategic agreement, Dr Ishrat Husain said, “I am delighted that one of Pakistan’s indigenous companies has demonstrated that they do not lag behind others in realizing their responsibilities towards society. We at IBA deeply value Getz Pharma’s generous gesture and would like to nominate Getz Pharma in the Board of Trustees, for the Friends of IBA Trust (FIBAT).”
Mr Khalid Mahmood expressed his appreciation to the IBA management, and said that Getz Pharma does not only engage in regional CSR practices, but through its global CSR policy, has a wider impact. This strategic collaboration will provide a platform for students to carry out successful research-based projects while promoting talented students from under-resourced areas through the National Talent Hunt Program.