His Lordship, who is also member of the United Kingdom’s House of Lords and the Chairman of Bestway Group presented a cheque of Rs 275 million on behalf of Bestway Group. Likewise, Muhammad Jawaid Iqbal, President and CEO of UBL, presented a cheque of Rs. 275 million on behalf of UBL.

Bestway Group Companies and Trusts have a long association with LUMS, with Bestway Foundation UK establishing an endowment at the Suleman Dawood School of Business in 1991, while UBL and Bestway Foundation have actively supported the National Outreach Programme at LUMS.

This generous gift to LUMS by the country’s largest business group and the country’s largest bank is a testament to their enduring belief that education is the cornerstone of national progress and that LUMS is best qualified to deliver this progress.

The donation will strengthen LUMS’ mission to make world-class learning accessible to exceptional students regardless of financial background and to nurture leadership grounded in innovation, integrity, and service to society.

The ceremony was attended by senior leaders from LUMS and the Bestway Group, including Syed Babar Ali, Founding Pro Chancellor, LUMS; Dr. Parvez Hassan, Chair, Board of Trustees, LUMS; Mr. Dawood Pervez, Managing Director, Bestway Wholesale and Trustee, Bestway Foundation UK; and Mr. Irfan Sheikh, Managing Director, Bestway Cement Ltd and Treasurer, Bestway Foundation Pakistan.

Speaking at the event, The Lord Choudrey said that LUMS provides a unique environment for its students. At LUMS students have access to the country’s leading academics, the best learning resources and inspiration.

Mr. Muhammad Jawaid Iqbal, President and CEO, United Bank Limited, reaffirmed UBL’s long-standing partnership with LUMS and its commitment to nurturing talent and innovation through education.

Syed Babar Ali, Founding Pro Chancellor of LUMS, expressed heartfelt appreciation for this contribution. He noted that such acts of philanthropy help sustain institutions like LUMS and deliver returns that benefit society for generations to come.

Reflecting on this enduring partnership, Dr. Ali Cheema, Vice Chancellor, LUMS, expressed his deep gratitude for the trust placed in the University. He emphasized that LUMS remains steadfast in its commitment to transform this generosity into meaningful impact by nurturing a cohort of leaders who will contribute to the social and economic transformation of Pakistan.

The partnership between LUMS and the Bestway Foundation stands as a testament to the transformative power of education, ensuring that the next generation of Pakistan’s brightest minds can learn, lead, and create lasting impact.

Jubilee Life Insurance Company Limited (JLI), Pakistan’s largest private sector insurer, and United Bank Limited (UBL), one of the country’s largest financial institutions, have entered into a strategic partnership to launch innovative insurance solutions aimed at delivering greater financial security and long-term value to customers.

The new product offering is first of its kind to provide customers with early break-even, guaranteed benefits at maturity, a fixed surrender benefit, reversionary bonus in addition to sum assured in case of death, option to avail policy and automatic premium loans. These features ensure that customers not only receive the value they signed up for but also have access to funds in times of need.

Speaking at the signing ceremony, Javed Ahmed MD & CEO Jubilee Life Insurance said, “This partnership highlights our continued commitment to innovation in financial protection. With UBL as a strong partner, we aim to provide customers with products that safeguard their future while offering long-term financial growth.

Adding to this, Abdul Aleem Qureshi Group Executive – Branch Banking UBL commented “UBL has always been at the forefront of delivering highest value through its innovative products and solutions. This collaboration brings yet another milestone in providing holistic financial well-being to our valued customers. Through this partnership, we underscore our joint resolve to driving financial inclusion and offering unique protection and savings tools that create meaningful impact.”

This strategic collaboration reflects the shared vision of Jubilee Life Insurance and UBL to set a new benchmark for customer-focused financial solutions in Pakistan.