KARACHI: Institute of Business Administration Karachi and pharmaceutical company Getz Pharma have partnered to establish Getz Pharma Endowment Fund.

Executive director IBA Karachi Dr S. Akbar Zaidi and managing director and CEO Getz Pharma Khalid Mahmood signed the agreement at IBA Karachi, said a press release on Monday.

The initiative aims to advance the institute’s financial assistance programme for its deserving students selected from across the country. Through this partnership, Getz Pharma will financially support students chosen from the National Talent Hunt Prog­ramme (NTHP) at IBA Karachi. IBA runs this flagship programme under which it enrols competent students on merit from underprivileged areas and offers them scholarships.

Getz Pharma is setting up an endowment scholarship worth Rs30 million at the institute to support students from NTHP. These awards will be offered to deserving students pursuing degrees in IBA’s undergraduate programme.

Khalid Mahmood said that IBA was very dear to his heart. Being a public sector institution, its performance and contribution towards the educational landscape of the country in comparison to other public sector institutions had remained commendable for the past many years.

Dr S. Akbar Zaidi appreciated Getz Pharma for supporting IBA with its mission of providing quality education to all students regardless of their financial backgrounds.

The IBA supports approximately 30 per cent of its student body every year to ensure exclusivity through its financial assistance programme.

Published in Dawn, September 21st, 2021