LAHORE - Vice Chancellor Government College University (GCU) Prof Dr Khalid Aftab and Endowment Fund Trust Executive Committee President Iqbal Z Ahmed have expressed gratitude on the grant of Rs 50m announced by the Punjab Chief Minister and Old Ravian Shahbaz Sharif for the Endowment Fund Trust. The vice chancellor called on all the alumni of GCU to play active role in the universitys further development. GCU EFT Executive Committee Secretary Dr Khalid Manzoor Butt said the best aspect of the donations to the endowment fund was that the principal amount collected by it was never spent; only the income earned on the principal amount was used by GCU for development projects and scholarships of deserving students. He said the fund had already initiated more than 24 scholarships being given to the GCU deserving students on merit every year.