KARACHI: A private institution has announced scholarships worth Rs5.9 million for students of the University of Karachi (KU) to help those facing financial difficulties in continuing higher education.
The agreement between KU and the private institution will support students from five departments, with the aim of improving access to education for deserving candidates.
Speaking at the signing ceremony, Vice Chancellor Dr Khalid Iraqi said there is a need to increase educational funding in Pakistan.
He pointed out that only two percent of students in the country are able to pursue higher education. He added that rising unemployment and limited industrial growth have made it harder for many families to afford education costs.
Dr Iraqi also said the federal government has not provided enough funds for the education sector. He called on both public and private institutions to play their part in supporting students.
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He highlighted that KU has set up a Student Admission Fund, the first of its kind in Pakistan. Last year, Rs10 million was allocated to this fund to assist students who met academic requirements but were unable to pay their fees.
Education experts noted that the new scholarships will benefit many students and said such collaborations between universities and private institutions can help strengthen the country’s education system.
