The IBA Karachi and Oraan Tech Private Limited signed a Memorandum of Understanding (MoU) to help IBA students finance their education fee through Oraan Committees. CEO Oraan, Ms. Halima Iqbal and Executive Director IBA, Dr. S Akbar Zaidi, signed the MoU on behalf of their respective institutions. Representative from Oraan included, Creative Lead, Ms. Naushaba Brohi, while the IBA was represented by Director Corporate Relations and Resource Mobilization, Ms. Malahat Awan; Director Finance, Mr. Moeid Sultan; and Head of Sports and Community Engagement, Mr. Haris Siddiqui.
Oraan is a financial technology startup that is working to make money simple and accessible by helping customers save, invest and finance through their flagship product Oraan Committees.
“Since our inception, we have seen our members identify educational fee payment and financing as one of the primary use-cases for our members to take part in Oraan Committees. We are glad to be taking another step forward in solving this problem for students and their families by making access to education financing more convenient through this partnership with IBA”, said Ms. Iqbal speaking on the partnership.
Dr. S Akbar Zaidi thanked Oraan for partnering with the IBA to offer an avenue that can balance the educational landscape of Pakistan. The IBA supports approximately 30% of its student body every year to ensure inclusivity through its financial assistance program.