Karachi: The Karachi University (KU) and the University of Karachi Alumni Houston Association (UKAHA), Texas, United Stated of America, signed a Memorandum of Understanding (MoU) to provide annual financial assistance to deserving KU students on a merit-cum-need basis, in a MoU signing ceremony at the KU Vice Chancellor Secretariat on Wednesday.
Vice Chancellor KU, Professor Dr Muhammad Tufail Jokhio, and representative of UKAHA Feroz Iqbal signed the MoU documents in the presence of KU Registrar, Professor Dr Imran Ahmed Siddiqui, deans, representative of student financial aid office, student advisor, Director of Office of Research, Innovation and Commercialization Professor Dr Muhammad Naeem Khan, team ORIC, former chairperson of Karachi University Business School Dr Abdul Rehman Zaki, KUBS students advisor Dr Sohaib uz Zaman, and others.
On this occasion, Feroz Iqbal briefed the participants that every year UKAHA provided scholarships to 10 KUBS students every year, besides giving scholarships to other students.
He added that according to this MoU, around 60 students would get scholarships from the association, and the UKAHA was willing to further expand this pool to facilitate more KU students.
Feroz Iqbal shared that the President of UKAHA Azam Khan was very keen to provide financial assistance and other facilities to talented and deserving students of the university.
Professor Dr Muhammad Tufail appreciated the role of UKAHA, expressed that this shows the commitment of the association to KU.
He called for organizing an endowment fund so that the amount shared by KU alumni, philanthropists, non-governmental organizations, individuals and others could be pooled in that specific account. He believes that this measure could help in generating more funds for the KU students.
‘We need to assure donors that their money will remain safe and will be used for the right purpose. If we manage to show transparency in the flow of amount received and spent in the right direction, then there is no way that we can get more donors and more funds for students and maintenance of KU infrastructure and other valuables, ‘ he said.
