Higher education: HBFCL creates scholarship fund at IBA

The Rs2.5 million fund will be invested by IBA only in government securities and sovereign funds.


Our Correspondent February 28, 2012

KARACHI: The House Building Finance Company Limited has gifted a perpetual endowment to the Institute of Business Administration (IBA), said a press release on Tuesday.

The Rs2.5 million fund will be invested by IBA only in government securities and sovereign funds and the income earned on the investment will be used. IBA will first shortlist the applicants based on its selection policy, purely on a merit-cum-need basis. A list of six shortlisted candidates will be forwarded to the HBFCL for the final selection of two candidates.

Published in The Express Tribune, February 29th, 2012.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ