KARACHI: MoU (Memorandum of Understanding) was signed between the Institute of Business Administration (IBA) and a well recognized formulated logistics company Maersk Pakistan on Thursday to collaborate to set up Maersk Future Leaders Scholarship with an objective to make the institute’s financial assistance program better for the students who are coming from different ethnic and social backgrounds.
Under this MoU, which was signed by Executive Director, IBA , Dr Akbar Zaidi and Managing Director, Maersk Pakistan, Aruna Hussain, at IBA, City Campus, an annual scholarship fund of around Rs 2.25 million will be formed to reinforce a laudable undergraduate student from IBA’s National Talent Hunt Program (NTHP) for four years by Maersk at the Institute. NTHP registers capable and efficient students on the basis of grading criteria from various domains and awards them scholarships.
A student who is currently enrolled for the degree of Bachelor’s in Business Administration from IBA will be awarded the scholarship. Ms. Hussain stated that the rising youth forte is worthy of proper encouragement and support so that they can shape their future through quality education.
This step taken by IBA will play a significant role in structuring a bright, secure and recognizable future for our country.
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