Aga Khan University has US$ 1 billion annual economic impact in Pakistan

Landmark study also details the University’s impact as a pioneer and exemplar

Aga Khan University has US$ 1 billion annual economic impact in PakistanJanuary 10, 2018: The Aga Khan University announced today the results of a landmark study which found that AKU has an annual economic impact in Pakistan of Rs 103 billion, or US$ 1 billion, supporting 42,000 jobs. The study also reports that AKU’s spending has a multiplier effect, with every rupee of its direct gross value added generating Rs 7.3 in economic benefits.

The study is the work of a team of economists from Centennial Group International, a U.S.-based consulting firm, many of them former senior officials at the World Bank. It is the first-ever study of AKU’s economic impact, and is believed to be the first comprehensive economic impact study of a Pakistani university.

In a key finding, the study reports that AKU is improving the quality of health care and education for the public at large as a pioneer and an influential role model that sparks change within other institutions. The authors call the University “a national innovator and a powerhouse for quality,” and “a nationwide role model for high-quality tertiary education and medical care.”

“Too often, the significant contribution that a leading university makes to the economy is overlooked,” said AKU President and CEO Firoz Rasul. “This study should change that, with its rigorous analysis and its finding that AKU has an annual economic impact of Rs 103 billion, or US$ 1 billion. What’s more, the study demonstrates that AKU has a major impact as a leader that improves quality of life in Pakistan – whether by raising standards in health care and education, empowering women or conducting cutting-edge research.”

More at the source: Aga Khan University has Rs 103 billion annual economic impact in Pakistan

Related:

https://twitter.com/AKUGlobal/status/951169577576206336

https://twitter.com/AKUGlobal/status/951184652714369024

https://twitter.com/AKUGlobal/status/951196932852076544

Author: ismailimail

Independent, civil society media featuring Ismaili Muslim community, inter and intra faith endeavors, achievements and humanitarian works.

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