The Lahore University of Management Sciences (LUMS) hosted The Lord Choudrey CBE SI Pk, Chairman Bestway Group and Muhammad Jawaid Iqbal President & CEO United Bank Limited (UBL).
His Lordship, who is also member of the United Kingdom’s House of Lords and the Chairman of Bestway Group presented a cheque of Rs 275 million on behalf of Bestway Group. Likewise, Muhammad Jawaid Iqbal, President and CEO of UBL, presented a cheque of Rs. 275 million on behalf of UBL.
Bestway Group Companies and Trusts have a long association with LUMS, with Bestway Foundation UK establishing an endowment at the Suleman Dawood School of Business in 1991, while UBL and Bestway Foundation have actively supported the National Outreach Programme at LUMS.
This generous gift to LUMS by the country’s largest business group and the country’s largest bank is a testament to their enduring belief that education is the cornerstone of national progress and that LUMS is best qualified to deliver this progress.
The donation will strengthen LUMS’ mission to make world-class learning accessible to exceptional students regardless of financial background and to nurture leadership grounded in innovation, integrity, and service to society.
The ceremony was attended by senior leaders from LUMS and the Bestway Group, including Syed Babar Ali, Founding Pro Chancellor, LUMS; Dr. Parvez Hassan, Chair, Board of Trustees, LUMS; Mr. Dawood Pervez, Managing Director, Bestway Wholesale and Trustee, Bestway Foundation UK; and Mr. Irfan Sheikh, Managing Director, Bestway Cement Ltd and Treasurer, Bestway Foundation Pakistan.
Speaking at the event, The Lord Choudrey said that LUMS provides a unique environment for its students. At LUMS students have access to the country’s leading academics, the best learning resources and inspiration.
Mr. Muhammad Jawaid Iqbal, President and CEO, United Bank Limited, reaffirmed UBL’s long-standing partnership with LUMS and its commitment to nurturing talent and innovation through education.
Syed Babar Ali, Founding Pro Chancellor of LUMS, expressed heartfelt appreciation for this contribution. He noted that such acts of philanthropy help sustain institutions like LUMS and deliver returns that benefit society for generations to come.
Reflecting on this enduring partnership, Dr. Ali Cheema, Vice Chancellor, LUMS, expressed his deep gratitude for the trust placed in the University. He emphasized that LUMS remains steadfast in its commitment to transform this generosity into meaningful impact by nurturing a cohort of leaders who will contribute to the social and economic transformation of Pakistan.
The partnership between LUMS and the Bestway Foundation stands as a testament to the transformative power of education, ensuring that the next generation of Pakistan’s brightest minds can learn, lead, and create lasting impact.
This is called a tax write off . LUMS doesn’t pay taxes despite charging alot for education programs.
Nothing to brag about. All these companies should be paying taxes to show their patriotism
Supporting those where only elites study. Wao how easily they transit black money to white in the name of good deeds
It is different then what you perceive. The NOP program is about giving scholarship to student who are plainly brillant and can’t afford to pay LUMS fees. There is a proper testing process where student from all over Pakistan apply for thr NOP scholarship. They are first shortlist. Then given 1 month of training to compete and finally assessed among those who had applied for scholarship. This is perhaps one of the best merit based setup that give opportunity to underprivileged student for studying at LUMS for free.
Bastards. Rather improving education level in country in general. These mofos are showing generousity to LUMS
Woah if they give that money to universities like University of Punjab which is frankly speaking 534 in world ranking , it might have had more impact, education for elites and commensurate measures in this regards are not due to be stated as philanthropy it is much better to call them nepotism!
This is a great contribute to promote quality education in Pakistan. LUMS has made a remarkable impact on intellectual landscape of this country. Though a very expensive university otherwise, it is a non profit institution. Welldone Best way group and UBL
Donation to LUMS
Big Question.
LUMS
May be run by any NGO
I could not understand the strategy of donating to affluent ones , weren’t these donors able to see where this donation was needed the most..
شاندار استقبال اور پزیرائی ۔ فروغِ تعلیم
KAASH!!
All these people can work for Govt. and its institutions for the growth of Govt. institutions that are declining ultimately affecting the general public where as private organizations are growing because they follow “the Merit and performance on the job” that’s why majority of the private organisations and companies are growing.
Best university but so expensive for middle class Pakistani All Best education record in A leval can not take admissions so some scholarship also for those half fees
Why Lums which is already Filthy rich? Why not to some poor community who really deserve it.
Andha Banty Reveriyan Mudh Mudh Apnyan Nu
“OH God” Aslama o Alikum Ramtula ha ha wabarka brother and sister Ur friends big brothers open I am poor man Ur dision end any Ur leadership I am not agreeing Ur leader ship Ur my time end closed Ur open Ur city Ur 10 desmber Ur death time open Ur time end Ur great my minion open my bd luck Ur money my life end sorry my wording distarb sorry thanks
for photo session and publicity only.
Best way group is baza mafia chakwal m logo ki zameen py zaberdasti qabza kr k bestway cement factory lgi h.or underground water shortage ho gai h or ponds and wells dry ho gaye hain trees kat diye hain or hr 2sra banda allergy and dama ka mareez ho gya h
As if LUMS of all universities needs that money 💀
MODERN DAY HAMAAN AND QAROON…