PBM giving scholarships to students of 82 varsities

Islamabad : Pakistan Bait-ul-Mal managing director Aon Abbas Buppi said the PBM was providing scholarships to deserving students of 82 universities in the country.

Addressing a ceremony after signing of MoU with the administration of the Institute of Cost and Management Accountants of Pakistan here, Aon Abbas Buppi said the government was striving to provide basic facilities to people.

He said in line with the directives of Prime Minister Imran Khan, 82 universities of the country had been asked to give names of 50 most deserving students of their institutes for scholarships by Pakistan Bait-ul-Mal.

Buppi said the MoU had so far been signed with around 40 universities and that the ICMAP was asked to give names of 30 deserving students.

He said the universities had been asked to ensure merit during selection of deserving students for scholarship. The PBM chief said funds of Bait-ul-Mal were meant for the deserving, so they were being spent for the purpose.

He said Rs6 billion was the total budget of the organisation and Rs1.1 billion of it had been spent during the last one year on medical treatment of needy people.

He said that most of the funds were spent on the treatment of cancer patients. He said that Bail-Ul-Mal was also running different Women Empowerment centres where 25000 females were being given skilful training beside stipend of 10,000. He said that the department was also offering easy loan to the trained women for their own business.

On the other hand, 150 primary schools were also being managed by the department where free books, uniforms, bags and honorarium was also being offered to parents of students, he added.

Earlier, Buppi told reporters that the PBM had awarded scholarships to 8500 students for higher education.

He said donations were also being collected for treatment of dumb and deaf children under the age of five years.

He said donation for the treatment of 200 kids had been collected and their treatment would start soon.