The existing premises of University of Haripur (spread over an area of 236 Kanals) were once a Rosin and Turpentine factory established by the Forest Development Corporation (FDC) which on Wednesday, September 9, 1953, that the then Governor General of Pakistan laid its foundation stone. The basic objective of the factory was to produce rosin and turpentine from forest resources and use part of the revenue generated on forest conservation. The factory remained functional till 1980 and was completely shut down in 1985 due to non-availability of raw material.