GCU awards Rs 8 million scholarships to 235 students
GCU Lahore and EFT awarded Rs 8 Million scholarships to 235 university students on dated 17 May 2014 Saturday. In this scholarship ceremony vice chancellor Professor Doctor Muhammad Khaleeq ur rehman, eminent industrialist Mian Misbah ur rehman, Doctor Khalid Manzoor butt (Executive committee secretary of EFT), and other donors of the trust were also participated in this scholarship ceremony.
Government college University Lahore Professor Rehman said on the occasion of university endowment fund trust almost become doubled Rs. 170 million within three years due to generous support of Old Ravians and philanthropists. More he said that these scholarships are totally on merit basis after interview and approval of five members of committee of GCU Financial Aid, who choose the 235 deserving students for scholarships 2014. The selected candidates are really poor and purely deserve for scholarships, because the committee members of selection check almost everything of students like: income certificates, utility bills, and other income details.
Professor Rehman said to all students who are selected or not selected for these scholarships that University wants to provide scholarships to every GCU students butt unfortunately the resources of university can’t afford more scholarships this year, butt next year more scholarships will be offered to more right candidates.
Philanthropists and Old Ravians are really inspired from the UHS selection method and they deposit donations Rs. 10 million for the trust of UHS Lahore. Justice Muhammad Farrukh Irfan Khan was also participating in this ceremony. Industrialist Iqbal Z. Ahmad, a private telecommunication company, and a couple of other donors also donated rupees one million each to the trust.
Speaking on the occasion, EFT Executive Committee Secretary Dr Khalid Manzoor Butt said endowment fund trust of Harvard University, US, alone stood at more than 42 billion dollars and this was what made the America superpower. However, he said GCU was the only public sector university which had developed its endowment fund.
Mian Misbah-ur-Rahman said ‘’the culture and trend of supporting education was yet to be developed in Pakistan. He said he would continue his efforts for mobilising Old Ravians for the development of his alma mater’’
Dr Khalid Butt said the endowment funds didn’t spend the principle amount but the profit, earned from the principal amount, was spent on deserving students and development projects. He said if philanthropists, Old Ravians and government supported from five to ten years now the trust would be providing scholarships to all the needy students of the university.