Mitsubishi UFJ Foundation and MUFJ Bank awarded USD 6,000 to 8 scholars of the Institute of Business Administration, Karachi at a scholarship award ceremony held at the IBA Main Campus. The Mitsubishi UFJ Foundation was represented by Chairman Ryosuke Tamakoshi and Managing Director Kunihiro Watanabe, while the MUFG Bank was represented by Managing Director & Country Head Hitoshi Kanahori and Managing Director Haseeb Saied. The representatives from the IBA, Karachi included Acting Executive Director Dr. Sayeed Ghani, Director Finance Moied Sultan and Director Alumni, Corporate Relations and Communications Malahat Awan. Must Read : Why most of the startups quit without even trying for longer while? Five students from the undergraduate programs and three students from the graduate programs received their scholarship certificates increasing the tally to 48 scholars, since the inception of the scholarship program in 2014. The IBA, Karachi is one of the two institutions to have partnered with the MUFJ foundation for supporting higher education. Dr. Ghani informed the audience that every year, out of the 4,000 enrolled students, 1500 apply for financial assistance and the IBA is able to provide scholarship to around 900 students with the help of generous donors. Mr. Tamakoshi lauded the efforts of the IBA in easing the financial burden of the students and reaffirmed the commitment of MUFJ Foundation and MUFG Bank towards supporting this noble cause. Later, the Mitsubishi delegation interacted with the students and discussed their career aspirations. Mitsubishi UFJ Foundation is a Japan based organization that provides financial assistance to students in Japan and overseas.