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Pakistan to open first no-fee university on Independence Day (VIDEO)

07:22 PM | 3 Jul, 2018
Pakistan to open first no-fee university on Independence Day (VIDEO)
LAHORE - Pakistan is set to open the world’s first ever fee-free university in Kasur district, Punjab next month, in a bid to provide easy access to higher education in the country.

The Akhuwat University, some 50 kilometers from Lahore, will be operational on August 14, Independence Day with 600 students enrolled for three different master degrees.



"We are establishing the first fee-free university in Pakistan where students will not have to pay any fee,” Dr Mohammed Amjad Saqib, executive director of Akhuwat, a micro-finance firm offering interest-free loans (Qarz-e-Hasna) in Pakistan, told Khaleej Times.

“This is some kind of long-term Qarz-e-Hasan. First you get education and pay after 5, 10 or 20 years, when you are able to return it; because remember that you got education but didn't pay for it; but now when you have a job you can pay so that somebody else can also benefit," he said.



Dr Amjad Saqib added that "education is ultimate solution of our problems. We can't progress and compete with international community unless we are ahead in education. But it is a pity that a boy coming from a poor family may be able to complete 10-year education but can't receive higher education. We are not doing justice with our talent".

He pointed out that this residential university will be a national institute where 20 per cent of students will come from each province of Pakistan.

Akhuwat is already running a fee-free college in the provincial capital, housing more than 300 students from all provinces. It offers pre-medical, pre-engineering and ICT courses.

https://en.dailypakistan.com.pk/headline/dr-nasira-jabeen-appointed-first-female-vice-chancellor-of-punjab-university/

To get entry into the college, a student must obtain 75 per cent marks in matriculation examination followed by an examination conducted at the college.

Pakistan is home to one of the world’s largest institute for higher learning – the Allama Iqbal Open University, which boosts over a million student annual enrollment.

The writer is a member of the staff.

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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