USAID with the collaboration of Khushhali Bank Limited awarded 24 more scholarships to student of BBA (Hons) and MBA (General) from Institute of Management Sciences Peshawar and City University of Science and Information Technology Peshawar.
These awards were distributed by chief guest Yawar Afridi National Distribution Manager Khushhali Bank Limited at a ceremony in IM | Sciences, Peshawar. Khushhali Bank Limited is playing its role in national institution capacity building. As for the last two years Khushhali Bank Limited has funded a noticeable number of students from Fata region which is the result of their team work and wholehearted co-operation.
This collaboration of social responsibility is essential for the growth of the education sector. USAID will award total 1200 scholarships out of which 900 scholarships to students from South Fata and 300 students from North in the next session by developing partnerships with different universities/institutes in NWFP. Every year USAID is spending Rs 22 billion in Pakistan for economic development as well as in health and education sectors.
At the Institute of Management Sciences out of total 243 Fata students, 78 are getting scholarships under Khushhali Bank Scholarship Programme, HEC Japanese and Need Based Merit Scholarship Programme as well as from the Institute's own resources.
The Institute has reached one of the highest ratio of scholarships amongst public sector universities as at the moment out of 1750 overall strength 613 students are availing scholarships and out of these 613 scholarships 334 students are funded from Institute's own resources. 35 percent of the Institute's budget has been allocated to provide scholarships and financial assistance to needy and talented students.
The Director IMSciences, Dr Nasser AM Khan congratulated all the scholarship holders. Joint Director IM Sciences, Dr Muhammad Mohsin Khan, President City University Mr Sabur Sethi, Vice Chancellor City University, Dr Israr Khattak, Fehmeeda Yasmin and Karoly Okolicsanyi from USAID were also present on the occasion.