Endowment fund: GCUF to set up trust for needy students

Published: January 30, 2013
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VC says that rate of higher education in Pakistan was only eight per cent and that it must be increased to compete with the world. PHOTO: FILE

VC says that rate of higher education in Pakistan was only eight per cent and that it must be increased to compete with the world. PHOTO: FILE

FAISALABAD: 

The Government College University Faisalabad (GCUF) will set up a trust to strengthen its Students Advancement Fund Endowment (Safe) to be able to provide more need-based scholarships, Vice Chancellor Zakir Hussain said on Tuesday.

He was chairing a meeting held to review the scholarship programmes at the university.

The VC directed the university’s financial aid office to work out a comprehensive plan to establish the trust quickly.

The Safe was set up jointly in 2012 by the GCUF; the Government College University, Lahore; Punjab University, Lahore; University of Engineering and Technology; and Beaconhouse National University, Lahore, under the Promotion of Education in Pakistan Foundation, a US-based non government organisation.

The VC said that rate of higher education in Pakistan was only eight per cent and that it must be increased to compete with the world. He directed the officials concerned to mobilise all stakeholders in this regard.

The VC also told the meeting that the Higher Education Commission was observing a National Education Fund Raising Week that will start from March 1. He praised the HEC for providing 10,000 national and foreign MPhil and PhD scholarships since 2002.

The VC said that enrolment in universities had increased from 330,000 to over a million over the past decade. Women enrolment at the GCUF had gone up from 36 per cent to 46 per cent, he added.

Published in The Express Tribune, January 30th, 2013.

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