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Quaid-i-Azam University's 4th Convocation Ceremony

ISLAMABAD, March 14(Daily Times): Prime Minister Shaukat Aziz on Tuesday said the government was determined to increase the education budget soon from the current level of 2.7 percent to 4 percent of the GDP.

The prime minister was addressing the 4th convocation of the Quaid-i-Azam University (QAU) held here at the Convention Centre. He said the government would not shy to take loans for this purpose as investing in education was investing in the country's future. He said investing in education was crucial to achieve a knowledge-based economy.

Aziz said the government was focusing on higher education and funds for the Higher Education Commission (HEC) had been increased from Rs 7 billion to Rs 28 billion. He said a total of Rs 15 billion had been allocated to send excellent students to foreign schools for PhD studies, adding that under this programme 2,000 students would go abroad.

He said there was a need to focus on education, particularly on higher education, as "illiterate nations cannot progress." He said the Holy Prophet (PUBH) had urged people to seek education, even if they had to travel for it to China. The prime minister said the government had provided a grant of Rs 6 billion to the QAU for expanding and improving its academic facilities. He said the HEC had ranked the QAU number one in Pakistan and that it should be ranked among top 100 universities in the world in ten years. He said the government was determined to help QAU in achieving the goal. Aziz praised QAU students, particularly those who excelled in their disciplines, and said that they were Pakistan's future and tomorrow's leaders.

He said Pakistan came into being because of the Quaid's untiring dedication and the sacrifices of thousands of founding fathers. "Now it is you, the younger generation, who has to translate Quaid's vision into reality," he said. He said the university was named after Jinnah who hailed from a middle class family. The very fact testifies that anyone who struggles hard can achieve the set goals, he added.

He said the country's economy had been turned around during the last seven years because of President General Pervez Musharraf's economic policies. He said the country had been set on the path of sustained economic growth. He said that it had been due to these economic reforms that the country was able to withstand the shock of the October 2005 earthquake and the rise in oil prices. The government is taking all decisions in national interests and no personal interests are being followed, he added. The prime minister said the government had begun a 3 to 6 month crash course to bridge the skills gap found in various industries, adding that so far 1,000 youths had benefited from the programme.

He appreciated students who had achieved distinctions in various disciplines during the academic sessions from 2004 to 2006 and said, "We are proud of you." The prime minister also awarded the Presidential Gold Medal to nine graduates and the Chancellor Award to 19 graduates who had excelled out of 700 graduating students in MPhil, MSc and MBA programmes.
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Updated: 25 May, 2012
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