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Bank Alfalah and Habib University Join Forces to Empower Scholars through Alfalah Scholars Programme


Bank Alfalah, one of Pakistan’s largest commercial banks, has partnered with Habib University to establish a scholarship fund aimed at providing financial assistance to students pursuing higher education.

The scholarship fund will cover all educational expenses throughout the four-year degree program, ensuring that deserving students have access to quality education without financial constraints.

Bank Alfalah has committed to an annual contribution of PKR 6.4 million, totaling PKR 25.6 million over a four-year period, to support outstanding applicants pursuing social sciences and engineering studies.

This collaborative initiative aims to provide equal educational opportunities to four high-achieving and deserving students, with a specific focus on promoting inclusivity by giving preference to women and differently-abled applicants. These deserving students will be honored as ‘Alfalah Scholars,’ recognizing their academic achievements and potential.

The partnership between Bank Alfalah and Habib University reflects a shared commitment to academic excellence and recognizes the profound impact of higher education on individuals and society at large. By providing scholarships, this collaboration not only opens doors of opportunity for talented students but also elevates the status of higher education in Pakistan.

Wasif Rizvi, President of Habib University, emphasized the significance of this partnership, stating, “The collaboration between Bank Alfalah and Habib University underscores a shared dedication to academic excellence and a recognition of higher education’s profound impact on individuals and society. By providing scholarships, this partnership not only opens doors of opportunity for talented students but also strengthens the ranking of higher education in Pakistan.”

Atif Bajwa, President and CEO of Bank Alfalah, highlighted the importance of higher education as a catalyst for personal growth and socioeconomic progress. He expressed the bank’s commitment to investing in quality education, stating, “By investing in quality education, we not only shape the future of our talented youth but also contribute to the socioeconomic development of our country.”

Bank Alfalah’s collaboration with Habib University is a testament to the bank’s dedication to creating a lasting impact and establishing sustainable educational opportunities for students. This scholarship fund aligns with the Sustainable Development Goals (SDGs), specifically SDG 4 (Quality Education) and SDG 17 (Partnerships for the Goals), by promoting inclusive and quality education while fostering partnerships for a common cause.

In addition to financial support, the scholarship program will provide scholarship students and Habib University students with valuable hands-on experience through various initiatives by Bank Alfalah. The bank also plans to organize workshops at Habib University, inviting faculty and academia to discuss topics such as digital banking, financial inclusion, and green banking, further enriching the educational experience of the students.

Through the Alfalah Scholars Programme, Bank Alfalah and Habib University are shaping a brighter future for deserving students, fostering academic excellence, and contributing to the overall development of Pakistan.

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