Tag: IBA Karachi

Pakistan Bait-ul-Mal offers financial assistance to IBA Karachi

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25 deserving students to receive financial aid of up to Rs. 100,000/- annually

Internship opportunities to be offered to the recipients

25 more students will be added to the program in the next phase

Karachi (Muhammad Yasir) Pakistan Bait-ul-Mal (PBM) and Institute of Business Administration (IBA), Karachi signed an MOU where 25 deserving students will receive funding of up to Rs. 100,000 every year.

The MOU was signed by Mr. Aon Abbas Buppi, Managing Director, PBM and Ms. Malahat Awan, Director, Corporate Relations, IBA Karachi at the PBM headquarters in Islamabad. The two-year agreement will also offer internship opportunities to these students in various offices of the PBM around Pakistan.

Speaking at the occasion Mr. Abbas remarked, “PBM is extremely happy to support IBA as it is one of Pakistan’s most prestigious universities. In due time, as our relationship with IBA strengthens, we hope to increase PBM support to include 25 more students.”

Ms. Awan thanked PBM for their support for IBA, especially during this stressful time, when a lot of families have been affected by COVID.

Keeping in view, the economic impact of the pandemic in the country, the IBA Karachi has beefed up its financial assistance program to Rs. 380 million, a 25% increase from last year, which will benefit more than 1200 needy students. The financial assistance program at the IBA is supported by philanthropic organizations, corporates, alumni and individual donors.

 

Bank of Punjab to set up scholarship and research funds at the IBA Karachi

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5 undergraduate scholarships to be awarded on need-cum-merit basis.

All-expense paid scholarship for children of BoP employees admitted to the IBA.

Research funding to faculty on areas of mutual interest will be made available.

Karachi (Muhammad Yasir)  The Institute of Business Administration (IBA), Karachi and the Bank of Punjab (BoP) signed an MOU to support the education of needy students from across Pakistan and fund research conducted by faculty on areas of mutual interests.

The MoU was signed by CEO and President of the Bank of Punjab Mr. Zafar Masud and Executive Director IBA Dr. S Akbar Zaidi at a ceremony held at the IBA Karachi City Campus.

Bank of Punjab set up scholarship at the IBA Karachi
Bank of Punjab to set up scholarship and research funds at the IBA Karachi

As per the agreement, under the scholarship program, financial assistance will be provided to five fresh undergraduate students from Khyber Pakhtunkhwa, rural Sindh, Baluchistan and Southern Punjab regions for the duration of their studies under The BoP-IBA National Talent Hunt Program (NTHP). The scholars will be supported completely for their educational expenses such as admission, tuition, hostel and mess charges.

The agreement will cover an all-expense paid scholarship to the children of the bank’s employees admitted to the IBA under any discipline. The BoP will also work on research projects of mutual interests with the IBA.

Speaking about the partnership, Mr. Masud said, “This collaboration between the IBA and BoP reinforces our commitment towards helping outstanding students from marginalized areas of Pakistan, without any preference for any particular province. This will also serve as a ray of light for those families who are going through a testing time and are unable to meet their children’s educational expenses. Employees of the bank are the biggest asset and their family welfare is my personal goal. Taking this objective ahead, this MOU will include extending full support for expensive higher education for the children of the BoP employees.”
Bank of Punjab set up scholarship at the IBA Karachi
Bank of Punjab set up scholarship at the IBA Karachi
Appreciating the initiative, Dr. Zaidi said, “We are grateful to BoP for extending their support for meritorious students from underprivileged regions, who are about to join us in Fall this year. This generosity will help our students and their families during this time of unprecedented crisis by giving them a gift of higher education and by providing for their better future. This collaboration reiterates the core value of BoP of enriching the lives of community where it operates”.