A private bank (Bank Al-Habib) Wednesday donated Rs one million to the Government College University Lahore Endowment Fund Trust (GCU-EFT) for initiating a golden scholarship for deserving students.

Bank General Manager Aun Ali handed over the cheque of Rs one million to Vice Chancellor Prof Dr Muhammad Khaleequr Rahman at a graceful ceremony at GCU, while GCU-EFT Executive Committee Secretary Dr Khalid Manzoor Butt was also present.

Speaking on the occasion, Prof Rahman said that the perpetual golden scholarship, to be named after the Bank, would be given to a deserving student every year on merit. He said that the golden scholarship covers the university fee as well as hostel expenses of the student.

 “This is the third golden scholarship donated by the private bank (Bank Al-Habib) to GCU-EFT and they have pledged to donate a scholarship every year, so that deserving students can continue their studies without any financial burden,” Prof. Rahman said. 

The Vice Chancellor also expressed gratitude to the administration of the bank on the donation and stressed that other national and international organisations should also come forward and support quality education in the country.