The Institute of Business Administration Karachi and Maersk Pakistan have partnered to launch Maersk Future Leaders’ Scholarship with an aim to advance the Institute’s financial assistance program for its students from diverse socioeconomic backgrounds.

The Executive Director, IBA Karachi, Dr. S Akbar Zaidi and Managing Director, Maersk Pakistan, Aruna Hussain signed a Memorandum of Understanding (MoU) at the IBA, City Campus.

Under this MOU, Maersk will set up an annual scholarship fund of around PKR 2.25 million at the Institute, to support a meritorious, undergraduate student from IBA’s National Talent Hunt Program (NTHP) for a period of four years. The scholarship will be awarded to a student pursuing a degree of Bachelor’s in Business Administration (BBA) from IBA. National Talent Hunt Program (NTHP) enrolls competent students on merit from various areas and offers them scholarships.

On this momentous occasion, Ms. Hussain said, “Our young talent deserves adequate support to build their careers through top notch education. By tying up with IBA to provide scholarship to such deserving students, we are playing our small role in building a bright future for our country.” She added, “We are not limiting our support to funding the student, but in fact going a step forward to mentor the student and add more value to this tie-up with IBA.”

Dr. Zaidi appreciated Maersk Pakistan for supporting IBA with its mission of providing quality education to all the students regardless of their financial backgrounds.

To ensure inclusivity, the IBA, through its financial assistance program supports approximately 30% of its student body every year.

Author

Arshad Yousafzai is a Karachi-based journalist covering Education and Human Rights. He can be reached on Twitter @Arshadyousafzay

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