IBA increases financial assistance budget

Owing to the Covid-19 emergency, the Karachi Institute of Business Administration (IBA) has announced that it has increased its financial assistance budget by 25 per cent. The financial assistance budget now stands at Rs380 million for the upcoming year. This increase budget will cover around 30% of the full-time students under IBA financial assistance programmes, including scholarship awards ranging from 25 per cent to 100 per cent. Furthermore, all semesters, including the summer semester, are now covered for awarding need-based scholarships. In the past, scholarships were provided for regular semesters only. Besides, the varsity is also returning the unutilised portion of the students’ activity charges, examination charges, hostel and transportation fee to the students for the year in progress. Special options for fee deferment/installment plans have also been provided to students.

Published in The Express Tribune, July 8^th, 2020.