PakistanTech

NUST Receives $9 Million Donation from US-Based Pakistani Tycoon for Scholarships

The National University of Science & Technology (NUST) has announced that it has received a $9 million (over Rs2.5 billion) donation from Tanweer Ahmed, a prominent Pakistani-American businessman and philanthropist, to support the education of financially challenged students.

The donation, which is one of the single largest donations by any overseas Pakistani to any Pakistani university, will be used to create an endowment fund for scholarships that will benefit nearly 200 students every year. The scholarships will be awarded to meritorious students who are unable to afford quality education in various advanced sectors such as Artificial Intelligence (AI), Information Technology (IT), and the latest technologies.

The donation was made through a partnership agreement between NUST and Tanweer Ahmed, who is the owner of several successful businesses and companies in the US, including the largest cricket complex in Houston, the Prairie View Cricket Complex, and the Houston Hurricanes cricket franchise. He is also the founder of a brand of food chains and the owner of many food chain franchises. He owns California’s largest transport company and has business interests in the energy sector and medicine industry.

Tanweer Ahmed said that he decided to launch the endowment fund to assist talented and deserving Pakistani students in order for them to make their mark in the future. He said that he plans to expand the scheme to other universities and to NUST where the donation scheme will run permanently.

“We didn’t have the opportunities 30 years ago that the students can have today. I don’t think there were many successful Pakistanis in the 90s in the US or Europe. Today there are thousands who have done well in life. I am just one of them. Many are helping Pakistan today with everything they can. More Pakistanis need to come out with their philanthropic efforts than ever before,” he said.

He added that overseas Pakistanis owe it to Pakistan to serve the country of their origin and identity. “We owe to our motherland because we are where we are because of Pakistan. Our best contribution can be made through empowering our youth with modern education and knowledge. I am happy to play my part in helping Pakistani youth in achieving their goals in life,” he said.

The donation was welcomed by NUST Rector Engineer Javed Mahmood Bukhari, who said in a statement that the project is going to perpetually benefit thousands of brilliant Pakistani boys and girls towards seeking world-class university education in the coming years.

“Mr Tanweer Ahmed, a well-known Pakistani American, philanthropist-businessman from Houston USA, has partnered with NUST to support the financially challenged students. This is a unique initiative being the first of its kind, in any public sector university of Pakistan. Mr Tanweer is making approximately nine million dollars’ worth of investment in the university’s science and technology park, such that 50% income of the project will go into a specially formed endowment for the students with humble financial background. The initiative has the potential of remarkable societal impact in terms of altering the lives of thousands of Pakistani families,” he said.

He added that NUST takes pride in this transformational partnership with Tanweer Ahmed, which reflects on shared commitment to advancing educational equity while creating a positive economic impact. He said that NUST, which has approximately twenty thousand-student population, is one of the most sought universities of Pakistan.

The donation ceremony will take place at the NUST Islamabad next month, which will be attended by Pakistan’s top leadership, including Prime Minister Imran Khan, to formally launch the scholarship programme. The programme will be administered by the Higher Education Commission (HEC), which will ensure transparency and merit in the selection of the scholarship recipients.

This is not the first time Tanweer Ahmed has given money to Pakistan. He has set up a hospital in Sialkot, his hometown, where he provides free medical care to the poor. He also took over $50 million aid to Pakistan during the 2022 devastating floods in Pakistan.

Tanweer Ahmed, who migrated to the US as a student and worked in a restaurant, is an inspiring example of a Pakistani-American success story. He rose from humble beginnings to become a multi-millionaire businessman and a generous philanthropist. He has shown his love and loyalty to Pakistan by giving back to the country that gave him his identity and roots.

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