Located at the picturesque site near Foy's Lake, USTC has opened up a mew horizon for the quality , pharmaceutical, business modern technology education the country. The primary -es of establishing USTC are to improve the quality and standard of education in science and technology with special emphasis on medical, pharmaceutical, engineering and social sciences. It also aims at developing human resources at home and in the developing countries with special emphasis on South Asia.
"MO University of Science and Technology Chittagong (USTC) was established as a Private University soon after Private University Act 1992 came into force when IAHS became its constituent body under Faculty of Medicine.
Janasheba Foundation was its sponsoring organization and National Professor Dr Nurul Islam was appointed President of USTC by Hon'ble Chancellor of the Universities and President of the People's Republic of Bangladesh. Since then USTC started functioning with two Faculties, namely, Faculty of Medicine and Faculty of Basic Medical and Pharmaceutical Sciences."