GCU Rs10.3m scholarships for 290 students

LAHORE
GOVERNMENT College University Lahore Endowment Fund Trust (GCU EFT) on Wednesday at its annual function gave away scholarships worth Rs 10.3 million to 290 financially-challenged students of the university for the academic year 2014-15.
According to a press release, Vice-Chancellor Prof Dr Muhammad Khaleeq-ur-Rahman chaired the function at the university’s Bukhari Auditorium, while GCU EFT Executive Committee President Iqbal Z Ahmad, Secretary Dr Khalid Manzoor Butt and a large number eminent Old Ravians were also present.
Addressing the ceremony, Secretary Dr Khalid Manzoor Butt said the university Endowment Fund had swelled to over Rs 210 million. He said that in just last three years on the appeal of Vice-Chancellor, the Old Ravians had donated more than Rs 130 million to GCU EFT. He said the endowment fund never spent the principle amount but the profit they earned from the principal amount was spent on financially-challenged students.
He said if philanthropists, Old Ravians and government had supported the fund since 10 years now the trust would be providing scholarships to all the needy students of the university. Speaking on the occasion, Vice-Chancellor Prof Dr Muhammad Khaleeq-ur-Rahman once again appealed the Old Ravians to support the financially-challenged students of their alma mater saying “he wants to provide free education to all GCU students, but unfortunately resources don’t allow him.”