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.
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.
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.