Message from President Firoz Rasul of the Aga Khan University
January 11, 2018
Dear Friends, Alumni and Supporters,
2018 marks the 35th year since the founding of the Aga Khan University and we begin the year with the unveiling of a study completed last year on the economic impact of AKU in Pakistan.
The landmark study by Centennial Group International, a leading international strategy and policy consulting firm based in Washington DC and comprising former World Bank economists and executives, refers to AKU as “a national innovator and a powerhouse for quality; a nationwide role model for high-quality tertiary education and medical care,” and lauds the University for its role as the premier higher education institution in Pakistan. The study quantified AKU’s contribution as an educator, a pioneering healthcare provider, an employer, a research hub, an international gateway, and a compassionate supporter to those in need.
The report shows that in 2015 (the latest year data was available when Centennial began its work in 2016), the Aga Khan University generated more than US$1 billion or PKRs 103 billion in economic value for Pakistan. It notes that the University generates its economic impact in a variety of ways. By providing high-quality education, it increases the earning power of its alumni. By providing outstanding healthcare to 1.3 million individuals annually, it keeps people healthy and productive. And as a major purchaser of goods and services, it generates revenues for businesses and jobs for people across the country. AKU supports 42,000 jobs – both directly and indirectly – and its spending also has a multiplier effect: for every rupee of its direct value added, it generates 7.3 rupees in economic benefits.
The report clearly demonstrates that beyond the highly qualified graduates, the generation of new knowledge and the delivery of quality healthcare, AKU makes an enormous impact on the economic well-being of Pakistan. This contribution of AKU would not have been possible without the vision and guidance of our Founder and Chancellor, His Highness the Aga Khan, and the generosity of donors, partners, alumni, supporters and volunteers.
We express our deep gratitude to each of you for your commitment and unwavering support. I am sure you will read the report (available here) with great pride as you see evidence of how your University can not only address the the most vexing problems in our communities, but also add value to the economy.
With my best wishes for the new year,
Date posted: January 15, 2017.
The Centenial Group’s report on the Aga Khan University can be downloaded by clicking on AKU’s Economic Impacts in Pakistan.
Mr. Firoz Rasul has served as President of the Aga Khan University (AKU) since May 1, 2006. Prior to his engagement with AKU, President Rasul was involved in building several business enterprises and the development of social and community institutions. He served as Chief Executive Officer and then Chairman of Ballard Power Systems, a world leader in fuel cell technology from December 1988 until May 2004.
Between 2000 and 2006, he was President of the Aga Khan Council for Canada, where he led the development of several large-scale projects for the Aga Khan Development Network, including The Global Centre of Pluralism in Ottawa and the Aga Khan Museum in Toronto.
As a business leader, he was named the 2001 National Transportation Person of the Year by the Government of Canada, and Wilfred Laurier University’s School of Business and Economics recognized him with its Outstanding Business Leader award.
Mr Rasul received a Bachelor’s degree in Industrial Engineering from the University of Hertfordshire in the United Kingdom and an MBA from McGill University in Montreal. Mr Rasul was conferred with the Degree of Doctors of Laws, honoris causa, by Simon Fraser University in 2001.
In 11 years as AKU’s president, Mr Rasul has been instrumental in developing a rich partnership with the University of Alberta that has created opportunities for exchange and collaboration for students, professors and researchers at both universities. On June 8, 2017, the University conferred on him an honorary Doctorate of Science.