March 22, 2019: The Institute of Business Administration (IBA), Karachi and Unilever Pakistan signed a MoU to establish an endowment fund of Rs.14 million for the National Talent Hunt Program (NTHP) students. The objective of the fund is to empower underprivileged and meritorious students in acquiring higher education.

This will be a needs based scholarship; the two parties agreed to use the returns from this endowment fund to sponsor at least 1 student every year.

In the ceremony, the IBA was represented by Acting Executive Director Dr. Sayeed Ghani, Director Finance Moeid Sultan, Director Talent Hunt Programs Dr. Zeenat Ismail, Head of Alumni Relations, Graduate Placement, Resource Mobilization and External Relations Ms. Malahat Awan, and Manager Resource Mobilization Mr. Zohaib Faizi. While Unilever Pakistan was represented by CFO Mr. Sohail Baig, Director Finance Mr. Aly Yousuf and Finance Manager Mr. Bilal Khan.

Marking this momentous occasion, Dr. Ghani said, "It is heartening to have conglomerates like Unilever invest in worthy initiatives such as the NTHP to make education accessible to the deserving students."