Endowment fund established for IBA Karachi students


KARACHI: The Premier Group, Pakistan’s leading business conglomerate and the Institute of Business Administration, Karachi, have joined hands to financially support deserving students to pursue their higher education.

The group has allocated a special grant to set up a scholarship endowment fund at the Institute. The ‘Premier Group Endowment Scholarship’ fund will support deserving undergraduate students at the IBA in perpetuity.

The Executive Director, IBA Karachi, Dr. S Akbar Zaidi and the Managing Director, PharmEvo Haroon Qassim signed an MoU at the main campus. The MoU has been signed for a period of ten  years.

On the occasion, Qassim said, “We believe in enabling and educating the promising talent in Pakistan. We feel proud to be partnering with one of the top institutes of Pakistan to set up this Scholarship Endowment Fund.  This is our humble contribution for a cause very close to our heart. We look forward to a long-term relationship with the IBA.”

Dr. Zaidi appreciated the various CSR activities undertaken by the Group in the field of education and health. He expressed his hope that other companies would also fulfil their obligations towards the society.

The IBA, with the help of its donors and philanthropic organizations, manages a financial assistance program which aids approximately 30% of its student body every year. Since 2016, around 9,000 students have been granted financial assistance amounting to Rs. 1.2 Billion.

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