The Institute of Business Administration (IBA) Karachi and the Sumitomo Corporation signed an MoU to financially support aspirational students in their academic journey. Executive Director, IBA Karachi, Dr S Akbar Zaidi and General Manager, Pakistan Office, Sumitomo Corporation Asia & Oceania Pte Ltd, Mr Kazuteru Mihara on behalf of Sumitomo Corporation signed the MoU.

Participants included Mr. Shahzad Ali, Assistant General Manager, Sumitomo Corporation Asia & Oceania Pte Ltd and Ms. Malahat Awan, Director, Alumni Communications and Resource Mobilization (ARC), Institute of Business Administration. The objective of this agreement is to nurture and foster the education of capable young leaders attending the Institute, who shall be entrusted with the future of Pakistan. The corporation will support 3 MBA students each year. The selected students will receive individual grants to cover their tuition fees.

Sumitomo Corporation is one of the largest global general trading companies, working towards making education accessible for deserving and ambitious students. Whereas IBA is trying to impart quality education in numerous educational fields to students selected on merit irrespective of ethnicity, gender, religion, or financial means. This agreement will create opportunities for local students to attain the financial support needed to pursue their educational goals.

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