Submitted by

The London School of Economics and Political Science

(An exempt charity under Paragraph (b) of Schedule 2 of the Charities Act 1993)

Pakistani Undergraduate Scholarship report

For further information please contact:

Fiona Kirk Office of Development and Alumni Relations London School of Economics

Tel: 020 7107 5334 E-mail: f.kirk@lse.ac.uk

Since 2007 the Pakistani Undergraduate Scholarship has helped fifteen students in financial need with their tuition and living costs at LSE, to the sum of £20,000 each, per year. The final cohort of three students began their studies in 2011 and are due to graduate in 2013.

The students have studied the following subjects; accounting six, management three, economics three, economic history one, sociology one, government one.

All of the nine graduated students, who have provided an update, are living in London. Their employers are currently; Deloitte Consulting UK, Ernst and Young (two), KPMG (two), Citigroup and Quayle Munro. One student is studying for an MA Strategic Fashion Marketing, she graduates in 2012. We are very pleased to report that five students have used their update to pledge their commitment to following in the footsteps of Mr and Mrs Naqvi to become scholarship donors in the future.

“We have formed a very proud alumni group and intend to replicate what you did with your contribution through the

Pakistani Undergraduate Scholarship.” Mr Jawad Khokhar Economics 2009

“In the future if able to earn a substantial income I pledges to reciprocate this act and become a donor myself” Mr Mansoor Azam Khan Accounting 2011

A theme that runs through the update of the current students is that of internships, as you know this is an important step on any ambitious career path. Without the financial security of a full scholarship the possibility of spending the summer vacation in a low, or no paid, internship would be impossible.

A second theme running through the updates is the impact on the family; the removal of the financial burden of university allows siblings to attend a local university. The parents are freed from putting themselves into huge amounts of debt to enable their child to attend a very expensive university in a high priced city.

“The scholarship helped me escape all the cultural and financial barriers back home and allowed me to pursue my dreams”

Ms Mishal Jawed Sociology 2011

Finally the students all noted that the Scholarship money had been life changing in every sense of the world from their education, to their personalities and job prospects, no part of their former selves was untouched by the gift.

“I would like to urge Mr & Mrs Naqvi to keep this thoughtful gesture going as I feels there is a lot of under-utilized talent and

potential in Pakistan which can come to surface and further flourish with financial assistance”

Ms Mishal Jawed Sociology 2011

Executive Summary

Table of contents

Executive Summary 2

Current students overview 3

Previous students overview 6

Conclusion 10

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Name Course Graduates

Mr Syed M Jafri Accounting 2013

Mr Muhammad H Yousaf Accounting 2013

Mr Behram K Orakzai Management 2013

Ms Noor U Bajwa Economics 2012

Ms Sehrish Ejaz Khan Economic History 2012

Mr Mohib Khurram Economics 2012

Mr Syed Jafri

In Syed’s experience most Pakistani students studying in the UK belong to rich families who can easily afford the tuition fees and living costs associated with studying abroad. Syed knew that his family’s

weak financial position would hinder his desire to study at a world renowned institution. The Pakistani Undergraduate Scholarship, however, turned out to be his life saver in this regard, allowing him to rank alongside others based on merit and skill rather than financial strength.

Along with receiving the scholarship, Syed has also worked part time at the LSE Library as re-shelver. With rising living costs and tuition fees, this helps in covering the small amount not covered by the scholarship.

A natural career choice for Syed seems to be Assurance and Audit. In this regard, he is planning on an Internship this summer. Once he graduates in 2013, he is looking at the option of a three year graduate programme at either one of the big four accountancy firms. During the course of this programme, employees complete their ACA and also gain valuable work experience.

As of now, he is still not sure whether he should return to Pakistan immediately after graduating and start his working life there or whether he should go for a three year graduate programme

before returning home. Hopefully, he will have made a decision before the end of this summer.

Being part of the LSE thus far has been a truly amazing experience. Apart from his studies, Syed has actively taken part in sports and different societies, including the Pakistan Society of course. The journey so far has been really exciting and he has learnt a lot on the way, which is why he is really looking forward to the year ahead and making the most of his time here at the LSE, not a single moment of which would have been possible if it was not for the Pakistani Undergraduate Scholarship.

Mr Muhammad Yousaf

Muhammad feels that the scholarship he has received has acted as a motivational force for his career ambitions and made him even confident about his future.

The scholarship has allowed him to fully participate in LSE life. He has been elected as the president for the Athletics Union

Table Tennis club for 2011-2012 and been chosen as the Chair of student committee at LSE’s Volunteer Centre.

After graduation Muhammad wishes to pursue a career in development and ensure he is contributing to the betterment of the society. He also plans to apply for a Masters in Development at LSE.

He would like to thank Mr and Mrs Naqvi for their contribution to his life. The sponsorship has definitely illuminated the lives of many including his.

Mr Behram Orakzai

Behram is planning to live in Pakistan after he graduates. He would like to get a few years of work experience before undertaking any further academic study. Behram wants to work for at least three years in a position which utilises his study of operations research in any type of organisation and

then plans to undertake a Masters after that.

Current students overview

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Studying at LSE has opened up a wide range of possibilities to him which would certainly not have been available to him back home. He has developed an interest in business, finance and economic affairs and is currently applying for summer internships to give him a practical overview of what he has studied so far.

Without this scholarship, Behram would not be here so it has made all the difference. It covers most of his costs here in the UK and he can study comfortably without the burden of funding the studies.

Behram is friends with a lot of Pakistanis from all years most of whom he has met through the LSE SU Pakistan Society of which he is a member.

Ms Noor Bajwa

As the term of the Pakistani undergraduate scholarship comes to an end, Noor feels extremely lucky at having had the opportunity to apply for and attain the scholarship. It is quite true that without Mr & Mrs Naqvi’s generous donation she would never have been able to have the experience of studying at such a prestigious institution. Studying at LSE

has not only enabled her to develop an entirely new perspective of various cultures but it has also pushed her into moving out of her comfort zone and trying new things, from dancing in a flash mob to standing on Houghton street collecting charity for Amnesty International. Noor has made friends from almost every part of the world, including Pakistan, something that would not have been possible if I had not come to LSE. Being in her final year at university, Noor is considering pursuing further academic study in form of postgraduate study, possibly in the UK. Although she hasn’t decided upon a subject area yet, it shall definitely be in the field of economics and probably in the area of development economics. In order to gain further insight into this area she is planning to take up the development economics module. Depending upon whether or not she is able to obtain admission and financial assistance for a postgraduate programme, she plans to work for a couple of years in an economic consultancy in the UK to obtain some work experience before returning to Pakistan to pursue this career path. Her aim is to inculcate the knowledge and experience gained here into enabling herself to contribute to

economic development in Pakistan.

Whatever path the future might take, she will always be obliged to Mr and Mrs Naqvi for helping her take the first step. Noor will always remember the people, who through their generosity gave her the chance to enhance her abilities, discover new avenues of opportunities and pursue my passions. In the end, the Pakistani Undergraduate Scholarship has played a significant role in not only shaping her future and her personality but her life as a whole and for that she shall always remain grateful.

Ms Sehrish Ejaz Khan

Sehrish expects to graduate with a 2:1 and is applying for a consultancy job. She has been requested back on the London

International Model United Nations (LIMUN) committee by the Board of Trustees as Logistics officer and she is on the Corporate Relations team in the LSE SU Economics society. Everything has gotten exponentially more challenging and equally more rewarding this year. Sehrish would like to stress is that come double-dip recession, come natural disasters, come political conflict, this generosity has helped her be in a position where she can confidently say that she can manage her own bailout.

She would like Mr and Mrs Naqvi to know that LSE is home now. Sehrish is confident in walking in the footsteps of historical icons and literary giants. She wishes there was a headline number or a quantifiable figure that captured the difference Mr and Mrs Naqvi have made to her but all she can say is that for the first time in her life she feels that she haves reached the equilibrium where everything will be okay and for that she is deeply obliged.

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Mr Mohib Khurram

Mohib feels studying at LSE has made him experience world class education in a complete international setting. Debating in class against people from different backgrounds and ethnicities, he has become accustomed to taking a global, broader view of the

different world issues. Doing Economics and Econometrics at an institution like the LSE has reformed his thinking process making it more structured and doing courses like the LSE100 has developed his inquisitive flair and to always try and understand the causes of things – LSE’s motto. Mohib has not finalised his post LSE plans at this time.

The Pakistani Scholarship made it possible for Mohib to study at the LSE. His family would never have been able to afford to pay even the living costs for studying at the LSE. He is truly grateful to have been awarded the Pakistani Scholarship because without it studying at LSE would just have been a dream.

Mohib is friends with quite a few other Pakistani students at LSE. The LSESU Pakistani Society plays a major role in connecting Pakistani students and keeping together a small community of Pakistanis. Whenever he is missing Pakistani food, he knows he has Pakistani friends who can cook amazing food.

Name Course Graduates

Mr Abdullah Pandit Accounting 2009

Mr Jawad A Khokhar Economics 2009

Ms Falak Ghori Management 2010

Mr Ali M. Azim Accounting 2010

Ms Sarah Khan Government 2010

Mr Abdul M Tariq Accounting 2010

Mr Syed A Jafri Management 2011

Ms Mishal Jawed Sociology 2011

Mr Mansoor Azam Khan Accounting 2011

Mr Abdullah Pandit

On graduating from LSE in 2009, Abdullah joined Deloitte Consulting UK as an Analyst within the Strategy and Operations space and was promoted to the Consultant grade in summer 2011. His consulting focus lies in the Investment Banking and Asset Management space specialising in target operating model design and strategic cost reduction. He

is extremely interested in joining the PE industry after Deloitte. In terms of progress made academically, he is a candidate for the CFA Level 3 exam in June 2012 and may go on to an MBA thereafter.

More than anything else, LSE offered Abdullah an unparalleled opportunity to network with some of the most brilliant minds in the world – a competitive environment, it enabled him to stretch his potential and develop professionally. The Pakistan Undergraduate Scholarship was instrumental in enabling him to

pursue this opportunity and, besides providing financial support, it provided him with a platform to engage with bright, like-minded Pakistanis. He is still in regular touch with Syed Abu Talib and Sarah Khan, while Mishal Jawed and Jawad Asif Khokhar are two of his closest friends, the latter being his house mate for the past three years.

Mr Jawad Khokhar

Jawad is currently living in London and working as an associate within the Financial Services Business in Audit at Ernst and Young. He takes delight in following Mr Naqvi in his career path aspiring to end up in a position as esteemed as his within Abraaj Capital. He sees Mr Naqvi as a big role model both in his philanthropic as well as

professional roles and one day hopes to make a difference as he has done.

He would like to thank Mr and Mrs Naqvi for providing him along with his fellow scholarship holders with the opportunity of a lifetime. By providing us a gateway to international education strife with academia and experience of a diverse student base at the LSE. Being a son of an army officer, his father had no means to afford the studies that LSE had to offer and the experience that London had to offer. To this day, his whole family is thankful of the contribution in advancing the family name to the international arena. If it hadn’t it been for this contribution, Jawad would have studied within a relatively unknown institution in Pakistan and stayed domesticated within the country. In this, he finds that he has been enabled an education which has set him apart in thought, action and ambition from his peers who unfortunately did not get such opportunities.

Jawad is in touch with at least four of my fellow scholars (including Abdullah Pandit, who he currently shares accommodation with). They have formed a very proud alumni group and intend to replicate what Mr & Mrs Naqvi have created through the Pakistani Undergraduate Scholarship.

Previous students overview

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Jawad feels LSE has given him the best gift possible. As it is here, that, like Mr and Mrs Naqvi, he has found his partner and is soon to be engaged to her. He hopes this news will raise smile and demonstrate how Mr and Mrs Naqvi have contributed at such diverse levels to his life.

Ms Falak Ghori

Falak feels the opportunity to study at the prestigious LSE, complete with a full scholarship changed her life. The confident, independent and strong person that she is today is quite contrary from the nervous first year trying to find her class in Houghton Street - after missing two underground trains to the Holborn station as the surging rush-hour crowd left her shell-shocked. And for this transformation, she is forever

in debt to Mr & Mrs Naqvi, who have changed so many lives.

Nearly two years, since Falak left LSE as a rose-eyed graduate, she carries the experience of being an LSE alumnus every day and everywhere. After she graduated, like many of her peers, she felt she had been pushed into the real world too fast, too early. She decided not to push herself headfirst into a career she would regret later down the line but let the realisation of what she wanted to do with her life really dawn upon her. Falak returned back to Karachi and started volunteering with Acumen Fund – a venture capital based development fund investing in social enterprises to eliminate poverty in communities in Pakistan, India and parts of Africa. The work they did was different and fascinating from anything she had seen or done before. It was a glorious marriage of economics and development done by raising donations. As an Acumen employee Falak was proud to learn that Mr Naqvi’s Abraaj Capital was a partner for the Fund, fighting to eradicate poverty through economic means.

Despite the sheer breadth of experience and exposure she had gained volunteering with Acumen, Falak realised that this was a path she would take further down the road.

She decided to pursue something that had been a silent dream

for a while – fashion. She had wanted to work in the business of fashion for as long as she could remember and decided to take the leap of faith. Today she is enrolled in the London College of Fashion for the MA Strategic Fashion Marketing and loving every second of it. LSE and the Pakistani Undergraduate Scholarship instilled enough belief in her to pursue something she loves, whilst leveraging all the knowledge she had gained at LSE. She will graduate at the end of 2012 and this time will certainly not feel that she has been thrust into the “real world” too soon.

Falak came to know many of the LSE Pakistani Scholars quite closely – Sarah, Ali Azim, Mishal and Jawad and is still in touch with them. Through the annual Donors and Scholars reception she met many new Pakistani Undergraduate Scholars, and she enjoyed meeting them and guiding them about what to expect about their lives at LSE. Falak feels the scholarship, creates a bond that runs very deep within all of the Scholars - a shared experience that has changed their lives forever, and that makes a very strong bond for life.

The work that Mr and Mrs Naqvi have done, the belief and generosity they have shown in all of them is inspiring. She looks forward to the day that she and her fellow scholars follow in their footsteps and change the lives of young Pakistani’s for the better.

Mr Ali Azim

Ali is residing in London and working in KPMG within their audit practice. Alongside the day-to-day role he is also studying towards the ACA qualification. He joined KPMG in September 2010 shortly after his graduation from LSE that year, hence it has been his first full-time role in

the professional world.

Whilst he is focused on completing his ACA qualification right now, he intends to study pursue further studies in the near future if the opportunity arises. Studying at the LSE has been a life-changing experience for Ali. Besides having the privilege to study in a globally renowned institute, he has had the opportunity to experience a multicultural environment, meeting people from all over the world. Through the exceptional

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education, participation in public lectures and involvement in society work, he feels he has developed an all-rounded personality necessary for success in the professional environment.

He is thankful to Mr & Mrs Naqvi for the contribution they have made towards the scholarship, without which being where he is today would have not been more than a dream. Through this program he has not only managed to fulfil his academic ambitions, but have also had the opportunity to meet fellow scholars, some of which have become lifelong friends. He is still in contact with Mughees Tariq, Mansoor Khan and Syed Abutalib.

Ms Sarah Khan

Sarah can say for sure is that her life would have taken a very different turn had she not studied at the LSE and had the experience that the Pakistani Undergraduate Scholarship afforded her.

She was due to start in Ernst & Young London’s Corporate Finance division in the summer of 2010, after graduation, but due to health reasons, Sarah had to return to Pakistan. She had a discectomy (a collapsed spinal disc) and that took about 3 months to recover from. Soon after she recovered, Sarah started work at Citibank Pakistan in their Investment Banking department as one of three coverage bankers. She was the only female in the whole Corporate Bank but she believes her background and the grooming she received from three years at the LSE gave her confidence in her abilities and tact in how to deal with a diverse set of individuals. She worked there for seven months before coming back to London for analyst training and was given an opportunity to move to Investment Banking in London. Sarah now work for Citigroup London’s Investment Banking Department and covers the Healthcare sector.

Since 2007 when she received the letter stating that she was to receive the Pakistani Undergraduate Scholarship to now she feels she has come a long way. And she can see the impact the generous opportunity has offered her. She is a confident person who is at ease with herself. She knows the importance

of working hard for what she wants. And above all, she believes in fate - in the fact that if you work hard enough, a window of opportunity will open for you and you will be rewarded. She considers the scholarship paved the way for to be that window of opportunity for her. Because she studied on a scholarship (and worked part-time to raise some extra pocket money), she became self-sufficient. She is proud to say that she has not burdened her parents ever since she came to the LSE. This independence is something that she would never have tasted if she had stayed at home.

The impact is not only felt by Sarah. Her family feels the impact too. Had she not studied on a scholarship, her parents would not have been able to save up and afford a decent university education for her younger brother. He is now on his way to graduating from a prestigious university as an engineer so in a way, you not only paved the way for Sarah’s education but also for her brother’s. Her parents only wish in life was that their children get the very best education and the scholarship facilitated that.

Sarah would like to thank Mr & Mrs Naqvi from the bottom of her heart for being her guardian angels and letting her parents experience the pride of seeing their only daughter graduate from the LSE. The beam on her mother’s face that day is something she will remember always.

One of the things said to the scholars in the first meeting was that the reason for sponsoring students was so that one day the Scholars may become donors in turn 20 years down the line. Sarah intends to do this. Do not be surprised to hear of a scholarship dedicated to Arif and Faayeza Naqvi in a few years.

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Mr Abdul Tariq

(Mughes)

Mughes graduated with a First Class Honours in Accounting and Finance in June 2010, he started off working at KPMG London within their Audit practice. He found the experience quite educational in terms of the insight it provided on how the biggest global organisations work, their systems of management and control that are responsible

for their success and what role finance plays in that. However, he later realized that his interest lies more in the field of Investments. Eventually, he made the a switch within KPMG from Audit to their new but rapidly growing Investment Advisory practice. The work involves mostly advising pension scheme trustee and corporate clients on all aspects of investment, including asset allocation strategy, investment manager structure, manager selection and monitoring. The best thing about working as an Investment Consultant at KPMG to him is that he gets to be part of client teams as well as an asset class research team (Alternatives) at the same time. This means that he can not only gain the invaluable skill of managing client relationships but he is also involved in the more technical side of generating investment ideas. He believes this combination is equipping him with the perfectly balanced skill set that is required for a boost at the beginning of a career.

To supplement this practical experience in the field of Investments, Mughes is also pursuing the CFA alongside work. He is find it tough to perfectly juggle between work and studies, yet this challenge makes it all the more exciting to him.

Mughes does intend to go back to Pakistan at some point and pursue his dreams of making a difference there. He hopes to put to use the exposure he is gaining at KPMG

not only to his own benefit but also the less fortunate. He would like to thank Mr and Mrs Naqvi for the support that has made all this possible.

Mr Syed A Jafri

We have been unable to contact Syed at this time.

Ms Mishal Jawed

Mishal is currently living in London and working as an Assistant Tax Advisor at Ernst and Young, London. This is her first role since graduation. She is currently taking the Association of Tax Technicians Qualification as part of her job requirement. Upon achieving this, she may consider a Masters in Human Resources.

She feels LSE has been instrumental in strengthening her personality, career ambitions and self development. Its stimulating environment has helped her achieve academic excellence and

has provided her the ideal platform to launch a successful career.

The scholarship has helped Mishal make her life. Without it she would not have been able to finance her studies at LSE, while her dreams and future would have been completely shattered. The scholarship helped her escape all the cultural and financial barriers back home and allowed her to pursue her dreams. She is eternally grateful to Mr and Mrs. Arif Naqvi for such a thoughtful and generous gift. Being LSE Alumni themselves, they have paid back the School in the best way possible and have set a precedent for the Pakistani Scholars Alumni to follow. Moreover, Mishal would like to urge Mr & Mrs Naqvi to keep this thoughtful gesture going as she feels there is a lot of under-utilized talent and potential in Pakistan which can come to surface and further flourish with financial assistance.

Mishal is still in touch with two other Pakistani Scholars; Mansoor Aazam Khan and Syed Abutalib.

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Mr Mansoor Azam

Khan

Mansoor is currently living in London, working as an Independent Researcher for Quayle Munro, a growing corporate advisory and investment company. The work is part time and involves working from home. The reason he was not actively seeking full time work is that he wanted to

be a professional tennis player or at least try for it. However he recently suffered another knee injury last year and had a surgery in December, so is still recovering from that. Now that his chances for becoming a pro tennis player are slim he has started looking for full time work. Mansoor has also applied for a course at Cambridge and hopes to receive a response by the end of March.

He feels studying at LSE and achieving a first class honours degree was the best thing that happened to him. It completely changed his life. From meeting different people and making friends from all over the world to helping him develop his personality and giving him an exceptional education, it was a wonderful journey and one that he misses sorely now. It has given him all the tools to succeed in life and a world class platform to launch into the world with a degree that is recognised all over the world. And this was only made possible because of the generous contribution by Mr and Mrs Naqvi, for which he feels forever indebted. To thank him in words will never be enough and so Mansoor would like to offer his assistance in any way he can. Also, in the future if able to earn a substantial income Mansoor pledges to reciprocate this act and become a donor himself. He is in touch with a number other Pakistani Scholars including Syed Abu Talib, Mishal Jawed, Ali Murtaza Azim and Abdul Mughees Tariq.

On behalf of all the grateful scholarship recipients please accept LSE’s warm thanks for making their dreams and ambitions possible.

As their updates illustrate not only has your generous support unlocked their individual academic and career prospects it has had a profound affect on their families, communities and Pakistan.

Conclusion

For further information please contact:

Fiona Kirk Office of Development and Alumni Relations London School of Economics

Tel: 020 7107 5334 E-mail: f.kirk@lse.ac.uk