The Warid Telecom on Wednesday joined hands with Government College University Endowment Fund Trust (GCU EFT) by donating Rs 800,000 to meet academic expenses of its bright and deserving students. The Warid Telecom Sales and Distribution Head Amer Aman Khan handed over the cheque to GCU Dean of Arts and Social Sciences Dr Khalid Perviaz in a ceremony held in this regard at GCU Syndicate Committee Room on Wednesday. GCU Registrar Shahibzada Faisal Khursheed, EFT Executive Committee Professor Khalid Manzoor Butt and Warid officials also present.
Addessing the ceremony, Dr Khalid Perviaz said the world over universities have come forward by establishing their endowment funds with the help of their old students and corporate sector. “Harvard University has an endowment fund of $25.474 billion, Yale has $15.225 billion and a small university like the University of Virginia has endowment fund of $3.219 billion,” he added. However, he said, the GCU is the only public sector university in Pakistan, which has an active endowment fund giving scholarships to deserving students.
Briefing the Warid officials about GCU EFT lifetime scholarship schemes, Prof. Butt said that they had initiated 23 lifetime scholarships for deserving students which include 11 golden and 12 sliver scholarships. “A golden scholarship covers the university fee as well as hostel expenses of a deserving student, while a sliver scholarship covers the university fee only,” he added.
He said, the scholarships initiated on the special directions of GCU Vice Chancellor Dr Khalid Aftab are given to GCU students on merit every year, and the scholarships are named after those people who donate money for them. The Warid officials appreciated the EFT perpetual scholarship schemes.