PESHAWAR: Managing Director Pakistan Bait-ul-Mal (PBM), Malik Zaheer Abbas Tuesday signed a Memorandum of Understanding with four educational institutions to support deserving students of Malakand Division.

The MoU would provide education stipends to deserving students all over the country including 200 students of Malakand, said a press release issued here.

Addressing the MoU signing ceremonies, Managing Director PBM said that giving rights to the deserving persons living in every corner of the country is among top priorities of the government.

He advised students to focus their studies and become useful part of the society.

The MoUs were signed with Saidu Medical College and University, Jahanzeb College, Boner University and University of Malakand under which 50 deserving students of each Institution would be awarded scholarships by PBM annually.