The Institute of Business Administration (IBA), Karachi and the Akhuwat Foundation, have joined hands to support the Institute’s deserving yet meritorious students to pursue their higher education.
The Executive Director, IBA Karachi, Dr. S Akbar Zaidi and Founder, Akhuwat Foundation, Dr. Muhammad Amjad Saqib signed an MoU at the Foundation’s headquarter in Lahore.
Through this 5-year agreement, Akhuwat Foundation will provide Qarz-e-Hasna to selected 3rd and 4th year IBA students. Under the arrangement, selected students will be able to avail interest free loans of up to PKR 125,000.
Dr. Zaidi thanked Dr. Saqib and appreciated Akhuwat’s efforts to support the youth of the country in pursuing education and remove financial impediments in this pursuit.
They also discussed mutual avenues of interest and vowed to strengthen the relationship between the two organizations to further the mission of making higher education accessible to the masses.
Every year, the IBA, supports around 30% of its student body through its financial assistance program ensuring that the maximum students benefit from quality education at the IBA.