Engro, IBA Karachi ink MoU

Our Special Correspondent


The Institute of Business Administration (IBA), Karachi and Engro Energy Limited (EEL) has signed a Memorandum of Understanding (MoU) to support higher education of students from the district of Tharparkar. Under the agreement, EEL will provide scholarships for up to 4 students belonging to this district. Chief Executive Officer of Engro Energy, Shamsuddin A. Shaikh along with Acting Executive Director, IBA Karachi, Dr. Mohammad Nishat signed the MoU on behalf of there respective organizations.
Shamsuddin A. Shaikh, CEO, Engro Energy said, “The students from the Tharparkar districts are talented and full of potential and with the advent of this program, we aim to train them to serve within their community, as well as the country”. Mohammad Nishat said that the IBA has been reaching out to far flung areas in Pakistan to attract the best talent through our National Talent Hunt Program since 2004.
“Through this concerted effort, we have been able to help hundreds of financially challenged yet deserving students to get admission into the IBA, which has helped transform their lives and that of their families”, said Dr. Nishat. Over the past six decades, the IBA has evolved into a multi-department institution for higher education, while remaining a premier business school. During 2016-17, approximately 787 students at the IBA received financial assistance worth Rs231.5 millions and all scholarships are provided on a need-cum-merit basis.

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