Aga Khan University are establishing a new Faculty of Arts and Science in Karachi, Pakistan. The Faculty of Arts and Sciences will provide students with a broad liberal arts education; one in which students are challenged to think critically and broadly. Rangoonwala Foundation has made a donation to fund the construction costs of one of the floors in the new building – which will be named in the memory of one of the founders of the Foundation, Banu Rangoonwala. Rangoonwala Foundation also endowed a Research Fund which will be used to support research into South Asian History and Cultures.