Over the past year IMSciences has funded scholarships to a significant number of students who are facing financial constraints and are unable to continue their education. The following scholarships schemes are available in IMSciences, which are granted to IMSciences Scholars on need and merit basis.

HEC-Japanese Need Based scholarship programme for Pakistani University Students aims at providing equal opportunities to talented students who are unable to enter higher education due to financial constraint. The programme is funded by Japanese Government that is targeted towards Under-Graduate (4 Years Bachelor) and Graduate (2 Years Masters) level study programme of Pakistani institutions in different disciplines. In 2006 - 2007 Academic year 18 HEC-Japanese Need
Based Merit Scholarships were awarded from IMSciences in undergraduate and graduate level. The scholarship covers full tuition fee and monthly financial assistance of the scholars for their entire duration of stay in IMSciences.

Khushhali Bank Scholarship Programme (KBSP) for FATA students has been introduced for the first time in IMSciences in session 2006 onwards. This scholarship programme is only for those students who belong to FATA areas. The said scholarship programme is need based. The purpose of the scholarship programme is to enable FATA students to equip themselves with quality education without realizing any financial hindrance as well as to enhance their talent for the development of FATA particularly in education sector. A memorandum of understanding has been signed between IMSciences and Khushhali Bank in this regard. On that occasion The Governor NWFP Mr. Ali Muhammad Jan Aurakzai awarded scholarship certificates to twenty (20) graduate level and ten(10) undergraduate level students under Khushhali Bank Scholarship Programme (KBSP) for FATA Students Session 2006 onwards. The scholarship covers full tuition fee and monthly financial assistance of the Khushhali Bank Scholars for their entire duration of stay in IMSciences.

These scholarships are merit based and awarded to undergraduate and Graduate level students depending on IMSciences admission test final weightage. Total hundred (100) students were awarded partial scholarships in session 2006 onwards. This scholarship programme is available for MBA (General), BBA (Hon's), BBA-IT and BCS disciplines. At undergraduate level seventy (70) percent and at graduate level sixty five (65) percent fee relaxation is provided to scholars. They are tenable to hold their scholarships for the whole duration of the programme.

These are scholarships that are applicable for the MBA (Banking & Finance) and Information
Technology programmes. These scholarships are aimed at creating gender parity because equal numbers are awarded to boys and girls who study here. The IMSciences scholars are held in high esteem amongst faculty and staff because of the competitive nature of the scholarships. They are tenable to hold their scholarships for the whole duration of the programme subject to maintaining a defined academic performance.

These scholarships are thoroughly based on merit and are granted to most intelligent students of IMSciences who demonstrate their intellectual capabilities and achieve the maximum GPA in a semester. These scholarships are granted in all eight semesters in Under- Graduate and 4 semesters in Graduate programmes respectively.