LAHORE: Punjab University Syndicate’s 1743rd meeting, presided over by Lahore High Court Chief Justice Justice Ameer Bhatti and chaired by Vice Chancellor Prof Niaz Ahmed, on Thursday recommended Rs12.6 billion budget for the approval of Senate for the year 2021-2022. Despite facing serious financial pressure amid COVID-19, PU Syndicate decided to continue providing scholarships and subsidies to the students so that burden on the pockets of students and their parents could be reduced.
On the directions of the Vice Chancellor for increase in PU’s international ranking further and socio-economic impact research, the PU Syndicate allocated Rs263 million as it was the policy of the administration to promote research culture. PU would also continue overseas scholarship scheme for teachers. The university has allocated Rs68 million for participation in national and international conferences. The university faces a deficit of Rs585 million which would be managed by reducing expenditures and adopting austerity measures. On this occasion, the Syndicate members appreciated the austerity measures taken by the university.
The university expects a total grant of Rs3.3 billion from Higher Education Commission, 27.9 percent of the total budget while PU would generate the rest of 72.1 percent from own sources. According to other salient features of the budget, special students will also be provided with free education along with boarding facilities while students taking admission on sports basis will be provided with free education.
Copyright Business Recorder, 2021