NUSTNEWS October-2013 - National University of Sciences and ...

HIGHLIGHTSNUSTNEWS / OCTOBER 2013131.4 M rupees collected inEarthquake Relief CampaignBalochistan was hit by an earthquake, measuring 7.7 atthe Richter Scale, on an unlucky morning of 24th September,2013, which resulted in the death of 825 people, anddestruction of 21,000 houses. While the tremor affecteda total of 300,000 people. The earthquake has deprivedthe people of their shelter, food and other basic necessitiesof life. Such devastating conditions called upon thehumanity to come forward and share its munificent partin enlightening the way to light of hope, making the surroundingsblissful and assist those in lament to lead aprosperous healthy life again.Keeping this in mind, NUST Community Services Club(NCSC) came forward and tried its utmost to raise fundsto help their fellow beings in their state of despair. Theclub conducted its ‘hand to hand earthquake relief campaign’in NUST, H-12 from October 4 to 20. The campaigninitiated from the Main Office, NUST with the generouscontribution of the Rector, Mohammad Asghar and thePro-Rector, Dr. Asif Raza. Then continued the hand tohand relief campaign among all schools of NUST in whichstudents, faculty and the staff members contributedwhole-heartedly. Volunteer club of E&ME College alsoparticipated and contributed in the campaign.A bonfire and gig night was also arranged on 10th October,2013 through which all the money collected wasmade a part of the total capital. The struggles of NCSClead to a successful collection of 1.4 million rupees whichwas then adequately used to buy food, tents and othernecessary stuff for 500 affected families of Balochistan.May Lord help those in pain and assist us in playing oureffective role in community services to make this world abetter place.Asad Umar talks aboutEffects of IMF Loan onPakistan’s EconomyProminent MNA and business administrator, Asad Umar spoketo the students in an exclusive seminar about the relationshipbetween IMF loans and Pakistan’s crumbling economy, on October24 at the SEECS Seminar Hall. The seminar was arranged bythe team of NUST Public Administration Society in collaborationwith Ms. Anum Waqar Mawaz, faculty member NUST BusinessSchool and was attended by the students of Public Administrationin NBS.The seminar intended to figure out the effects IMF loans havehad on Pakistan’s economy and how Pakistan can become independentand debt free in the future. Mr Asad Umar broke thetopic down and touched all the aspects of the economic conditionprevalent in Pakistan. He also clarified common misunderstandingsabout the government’s decision to take the loansin the first place. Asad Umar said that Pakistan’s deterioratingeconomic health after 2008, forced the government to fall onexternal crutches provided by the IMF loans. External imbalances,poor trading system, thin revenue earning opportunities allpaved way to the embracing of foreign help. Simultaneously, healso provided feasible solutions that could help Pakistan standup on its own and to eventually pay back all the loans and debtsit is submerged in. The session was extremely enlightening andAsad Umar kept it interesting by rounding up the controversialtopic in a light way. The seminar also included an active questionand answer session.“Information isnot knowledge.Albert Einstein“