Karachi, October 18, 2019: The Institute of Business Administration (IBA), Karachi signed an MOU with Generating Employment Alternatives for Self-Reliance (G.E.A.R.) to sponsor up to 5 students for the duration of their studies.
The objective of the scholarship is to cultivate and foster the education of promising young leaders attending the institute. The eligibility of the scholarship is based on academic excellence and financial need.
The IBA, Karachi was represented by Dr. Farrukh Iqbal, Executive Director, and Mrs. Malahat Awan, Head of Corporate Relations and Communications, while G.E.A.R. was represented by Mr. Ekhlaque Ahmed, CEO and Board of Trustees, Mr. Javed Batla and Mr. Farooq Hyder Shaikh.
G.E.A.R. has been operational since 2010 with the core purpose to help the deprived section of the society stand on its own feet through self-employment. In the past 9 years, they have helped 2223 families.
The IBA Resource Mobilization department is striving to create new avenues for helping the financially constrained students at the IBA. Every year 4000 students get enrolled in the IBA in undergraduate, graduate and postgraduate programs. More than one fourth of the student population is provided with some form of financial assistance from the institute with generous contribution from philanthropists, corporate entities and governmental bodies.