Complex sentence: On completing their education, the fist medical and dental students were granted their degrees by the University of Karachi, and it was a source of great satisfaction for all when the PMDC recognized the university's degrees of MBBS and BDS.
Split into simpler sentences: On completing their education, the first medical and dental students were granted their degrees by the University of Karachi. The PMDC recognized the university's degrees of MBBS and BDS.