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KARACHI, February 2, 2013: Arif Habib, one of the country’s leading stocks brokers, on Saturday announced to create a welfare fund of Rs 1.5 million to provide the journalists with health and education support.

The business tycoon made the announcement during a visit to the Karachi Press Club (KPC) where he was invited as a chief guest at the KPC Super Six Cricket Tournament Award Ceremony.

“The objective is to promote truth through the empowerment of journalists,” the founding chairman of Arif Habib Corporation told the cheering journalists.

He lauded the mediapersons for the undue pressure that, he said, the journalists would be facing in the daily commitment of their sacred job.

“The journalist community, I believe, should be so empowered that they could accomplish their duty without such pressures,” the leading stocks broker said.

Arif announced the creation of a Rs 1 million annual fund at the Memon Medical Institute (MMI) to cater medical related needs of the KPC members recommended by the Club.

MMI, he said, was a donor-funded hospital located near Safoora Goth.

Also, the businessman declared the award of Rs 0.5 million scholarship program for the journalists at an education institute at Nazimabad to provide the later with educational facilities.

Arif told the journalists that how crazy he was about the cricket that he had recently played as a youngest played of the Super 60s Tournament organized by the Karachi Jeemkhana.

“If not a businessman, I would be a cricketer,” he said.

Hosted by Secretary KPC Amir Latif, the ceremony was attended by President KPC Imtiaz Khan Faran, Joint Secretary Shams Keerio and members of the governing body and general council of the Club. -ENDS