The first private university in Bangladesh, was established by a group of philanthropists, industrialists, bureaucrats and academics. The government of Bangladesh approved the establishment of North South University in 1992 under Private University Act (PUA)-1992 (now replaced by PUA-2010). The university was formally inaugurated on 10 February, 1993 by the then Prime Minister of Bangladesh. The honorable President of the People's Republic of Bangladesh is the Chancellor of NSU