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Bank Alfalah Islamic & IBA launch scholarship fund to help aspirants

05:03 PM | 13 Jul, 2020
Bank Alfalah Islamic & IBA launch scholarship fund to help aspirants

KARACHI - Bank Alfalah Islamic and the Institute of Business Administration have announced the Alfalah Islamic Scholarship Program to provide financial assistance for five fresh undergraduate students for their entire first year.

The MoU for this initiative was signed by Mr Atif Bajwa, CEO and President of Bank Alfalah and Dr S Akbar Zaidi, Executive Director IBA, at a ceremony held at Bank Alfalah Head Office. 

Under this agreement, Bank Alfalah Islamic will be contributing Rs850,000 each for a total of Rs4.2million to seed the fund to support students on the basis of academic excellence, personal circumstances or economic hardship. The scholarships will be awarded on a case-by-case basis, and funding can cover complete educational expenses such as admission, tuition, hostel and books to support deserving students in furthering their education.

Commenting on the partnership, CEO & President Bank Alfalah, Mr Atif Bajwa said, “The launch of the Alfalah Islamic Scholarship Program not only reaffirms Bank Alfalah’s commitment of giving back to the society but is also in line with our vision of building a future for Pakistan where our youth has access to quality education. At this time when many families are struggling financially, we have launched this initiative to allow bright, young talent to pursue their education without any obstacles. We believe supporting these students goes beyond investing in their individual futures. Their success is the country’s success, and we want to do all that we can to help them. We couldn’t have had a better partner than IBA for this.”

“We are grateful to Bank Alfalah Islamic for extending their support for students from our upcoming classes. Their generosity will help students and their families in this time of unprecedented crisis by enabling the gift of higher education and their better future, which represents an investment in a better future for all of Pakistan,” said Dr S Akbar Zaidi, Executive Director, IBA.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pakistani Rupee to US Dollar, Euro, Dirham, Riyal 13 June 2024

Pakistani currency rates against US Dollar and other currencies on June 13, 2024 (Thursday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.6 for buying and 280.65 for selling.

Euro's buying rate stands at 296 and selling rate is 299 while British Pound rate is 350.5 for buying, and 353 for selling.

UAE Dirham AED was at 75 and Saudi Riyal at 75.9.

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.6 280.65
Euro EUR 296 299
UK Pound Sterling GBP 350.5 353
U.A.E Dirham AED 75 75.9
Saudi Riyal SAR 73.1 73.85
Australian Dollar AUD 182 184
Bahrain Dinar BHD 740.88 748.88
Canadian Dollar CAD 204 206
China Yuan CNY 38.38 38.78
Danish Krone DKK 40.14 40.54
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.19 917.19
Malaysian Ringgit MYR 59.3 59.9
New Zealand Dollar NZD 170.79 172.79
Norwegians Krone NOK 25.97 26.27
Omani Riyal OMR 723.52 731.52
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203.5 205.5
Swedish Korona SEK 26.4 26.7
Swiss Franc CHF 309.94 312.44
Thai Bhat THB 7.56 7.71

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