KRACHI(Education Reporter): Vice Chancellor of the University of Karachi, Professor Dr. Samar Qasim, announced the establishment of an endowment fund worth Rs 50 million to support higher education, human resource development, and social progress. Emphasizing that limited financial resources should never hinder academic achievement when backed by determination and hard work, the Vice Chancellor directed the Director Finance to initiate the necessary steps. Out of the proposed Rs 50 million endowment, Rs 20 million will be allocated to boost admissions within the Faculty of Arts and Social Sciences, while the remaining Rs 30 million will directly provide financial assistance to deserving and talented students to ensure their studies remain uninterrupted.
Addressing a scholarship distribution ceremony organized jointly by the Students Financial Aid Office (SFAO), University of Karachi, and the University of Karachi Alumni Association Houston (UKAHA), USA, at the Audio Visual Center, Dr. Samar Qasim stated that the university’s curriculum will be aligned with the requirements of industry, trade, and corporate sectors. Earlier, Incharge SFAO Professor Dr. Asma Haneef Khan detailed the stringent merit criteria and transparent selection process for scholarship recipients. Under this initiative, UKAHA USA is awarding merit-based scholarships worth Rs 1.3 million to 10 high-performing students of Karachi University Business School (KUBS). President of UKAHA USA, Mohammad Azam Akhtar, reaffirmed the alumni’s deep commitment to supporting deserving students, highlighting that Karachi University is not just an educational institution, but an integral part of their identity and lives.