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Special ceremony at Aiglemont' A special ceremony was held at Aiglemont on October 18 when a US million $ loan to the Aga Khan Foundation was signed for partial financing of the Aga Khan University and Aga Khan Hospital, Karachi. The long term financing plan for the project consists of mobilising resources through major national and international development agencies as well as philanthropic contribution supplemented by commercial loans of this kind. The seven-year loan to the Aga Khan Foundation arranged by American Express International Banking Corporation and Lloyds Bank International Ltd., also includes nine other participating international banks. A syndicated loan, such as this one, for the development of a major philanthropic institution in the Third world is unprecedented