PPAF signs en­dow­ment agree­ment with NUST Trust Fund

Pakistan Observer - - TWIN CITIES - STAFF REPORTER

ISLAMABAD—Pak­istan Poverty Al­le­vi­a­tion Fund has pro­videdan en­dow­mentof PKR 2 mil­lionto the Na­tional Univer­sity of Science & Tech­nol­ogy (NUST)Trust Fund. The en­dow­ment will be used to es­tab­lish a scholarship fund for the ben­e­fit of el­i­gi­ble stu­dents en­rolled at NUST. The scholarship to be known as Ital­ian De­vel­op­ment Cor­po­ra­tion/PPAF Scholarship En­dow­ment Fund will be man­aged by the NUST Trust Fund.

The NTF En­dow­ment Scholarship Fund­shall serve as ded­i­cated fund for the ben­e­fit of those de­serv­ing stu­dents en­rolled at NUST in its Un­der­grad­u­ate pro­gram of min­i­mum four years du­ra­tion and /or Post­grad­u­ate Pro­gram who are un­able to af­ford the fees/costs of the said pro­gram from their own re­sources. The fi­nan­cial as­sis­tance will be in the form of fees waivers or schol­ar­ships on a se­mes­ter or an­nual ba­sis.

Fi­nan­cial as­sis­tance from the scholarship will pri­mar­ily be ex­tended to stu­dents from Balochis­tan who have re­ceived an un­con­di­tional of­fer of ad­mis­sion or are en­rolled at NUST and stu­dents who sat­isfy the cri­te­ria for award of Fi­nan­cial Aid at NUST as per Fi­nan­cial Aid poli­cies of NUST.

Dr. Domeni­coBruz­zone, Direc­tor of Ital­ian Agency for De­vel­op­ment Co­op­er­a­tion at the Em­bassy of Italy found the col­lab­o­ra­tion to be a di­rect re­flec­tion of the Ital­ian Govern­ment’s long stand­ing de­vel­op­ment in­vest­ments in Pak­istan. He said, “The Pro­gram for Poverty Re­duc­tion (PPR) is meant to pro­mote sta­bil­ity and pros­per­ity in the challenged bor­der ar­eas of Pak­istan, and this fund will pro­vide an es­sen­tial de­mo­graphic seg­ment­the youth, with ac­cess to such pros­per­ity.” Mr. Qazi Az­mat Isa, CEO PPAF, ex­pressed his grat­i­tude to the Govern­ment of Italy for their con­tri­bu­tion to the Fund. He fur­ther stated that the con­tri­bu­tion will pro­vide ac­cess to qual­ity ed­u­ca­tion for stu­dents from the most un­der­priv­i­leged ar­eas of Pak­istan.

The Pro­gramme for Poverty Re­duc­tion (PPR) is fi­nanced by the Govern­ment of Italy through the Direc­torate Gen­eral for De­vel­op­ment Co­op­er­a­tion and is aimed at trans­form­ing the lives of poor and marginal­ized com­mu­ni­ties by es­tab­lish­ing a so­cial and pro­duc­tive in­fras­truc­ture sys­tem sup­ported by sus­tain­able so­cial safety nets.

A large num­ber of faith­ful par­tic­i­pat­ing in pro­ces­sion to mark Youm-e-Sha­ha­dat-e-Hazrat Ali (RA) in fed­eral cap­i­tal.—APP

Peo­ple are filling cans with clean drink­ing waster from a wa­ter fil­tra­tion plant.

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