OUR STAFF REPORTER LAHORE - Punjab University Hailey College of Commerce on Sunday organised an orientation ceremony, which was presided over by Vice Chancellor Prof Dr Mujahid Kamran. PU Dean Faculty of Commerce Prof Dr Ehsan Malik, Principal Hailey College of Commerce Prof Dr Liaqat Ali, faculty members, a large number of students and their parents participated in the ceremony. Addressing the gathering, the VC said that after Quaid-e-Azam Muhammad Ali Jinnah, no national leader had recognised the importance of education. He said that education had not been in the priority of leaders while it was must for respectable survival in the world. Throwing light on Punjab Universitys academic developments, he said that PU spent Rs 4 million in 2007 on research projects while in the past three years, the amount had been increased at Rs 70 million. He said that in 2007, the number of research publications was 162 and after three years it had increased to 352 in 2010 because of which PU had improved its ranking. He said that before 2007, there was an average of 41 PhDs a year but now more than 100 PhDs were being produced annually. The VC told the audience that lack of education was the root cause of all the current problems faced by the country. He urged the politicians to allocate at least four percent of GDP to education sphere. He said India was spending 48 billion dollars and China was spending 250 billion dollars on education while Pakistan was spending less than 3 billion dollars, which was not an encouraging figure. He said that it was shameful that Pakistan stood 187th position out of 193 nations who spent lesser amount of GDP on education. The VC urged the students to create habit of study and had a strong grasp over their subjects.