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Program Announcement 2013 - 14 - Institute of Business ...

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Endowment FundsBeing a public sector institution, the IBA mainly caters to the students from middle class and lower income groups – its fee increase is mostly modest and coversonly a fraction <strong>of</strong> the costs. Therefore, reliance has to be placed on other sources <strong>of</strong> funding / financing such as endowments, etc. The income generated fromthese funds is utilized to supplement the faculty salaries, provide research funds to them, contribute to the hiring <strong>of</strong> foreign faculty / eminent scholars, academicprogram enhancement, case study development, external accreditation and pr<strong>of</strong>essional development <strong>of</strong> academia through participation in seminars andconferences, both locally and internationally. All endowment funds are administered by the Board <strong>of</strong> Trustees which includes those organizations / persons whohave donated or pledged a minimum amount <strong>of</strong> Rs. 30 million or more in cash or kind. A list <strong>of</strong> endowment related funds currently in operation at IBA is appendedas under:DEVELOPMENT FUNDAbdullah Foundation (Sapphire)Adamjee FoundationAllied Bank LimitedArif Habib Corporation LimitedAziz Tabba FoundationDonor WallEducation & Literacy Department, Govt. <strong>of</strong> SindhFauji Fertilizer Bin Qasim LimitedHigher Education Commission (HEC)IBA Alumni Student CentreMahvash and Jehangir Siddiqui FoundationNational Bank <strong>of</strong> PakistanPhilip Morris International (PMI)Standard Shipping Pakistan (Pvt.) Ltd.The Aman FoundationThe HUB Power Company Ltd (HUBCO)TPL Holdings (Pvt.) Ltd.United Bank Ltd.Bestway FoundationPepsicoInternational Industries Limited (IIL)Engro FoundationHBL FoundationMarine Group <strong>of</strong> CompaniesENDOWMENTS / ENDOWED CHAIRS FUNDSAllied Bank LimitedAskari Bank LtdBank Alfalah LimitedBank Al-Habib LimitedDeutsche BankFatima Fertilizer Co. Ltd.Faysal BankGatron Industries LimitedGetz Pharma (Pvt) LimitedGovt. <strong>of</strong> SindhHabib Bank LimitedEnglish Biscuit ManufacturersInternational Textile LimitedMillat Group <strong>of</strong> companiesMr. Towfiq ChinoyNational Investment Trust Limited (NiT)National Bank <strong>of</strong> PakistanPak Arab Fertilizers Ltd.Pakistan International Container Terminal Ltd.Soneri BankStandard Chartered BankUCH Power (Pvt.) LimitedENDOWMENT FUND BY IBA – ADVISORY COUNCILDr. Miftah Ismail, Director, Ismail Industries LtdMr. Abrar Hasan, CEO, National Foods Ltd.Mr. Anwar H. Rammal, Chairman, Asiatic Public RelationsMr. Ghouse Akbar, Director, Akbar Group <strong>of</strong> CompaniesMr. Mohsin Nathani, CEO, Standard Chartered BankMr. Parvez Ghias, CEO, Indus Motor Co. Ltd.Mr. Saifuddin N. Zoomkawala, Chairman, EFU, GIL.Mr. Tahir Khaliq, Director, United Distributors (Pvt.) LtdMr. Tariq KirmaniMr. Zahid Bashir, CEO, Mohd. Amin Mohd. Bashir Ltd.Mr. Muneer Kamal, President & CEO KASB Bank LimitedMr. Muhammad Yousuf Adil, Chairman, M. Yousuf Adil Saleem & Co.FACULTY DEVELOPMENT FUNDBarclays Bank PLC, PakistanCadbury Pakistan LimitedCentral Depository CompanyChevron Pakistan LimitedEnglish Biscuit ManufacturersHigher Education Commission (HEC)Indus MotorsNaseem Allawala, ESQ.National Foods LimitedENDOWMENT FUND FOR SCHOLARSHIPAftab Associates EndowmentAtlas –IBA Scholarship Endowment FundDr. I. A. Mukhtar Endowment for Scholarship (IBA-Alumni)Feroz Textile Mills LimitedHBFCL Endowment Scholarship FundHBL- Endowment ScholarshipIBA-Karachi Class <strong>of</strong> 1986Other Scholarship Endowment FundPSO Endowment ScholarshipSardar Yasim Malik ScholarshipSyed Mumtaz Saeed ScholarshipEndowment FundsThe Sapphire Endowment ScholarshipMuhammad Umar Khan Shaheed ScholarshipMowjee Foundation (Sultan Mowjee Endowed Scholarship)71

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