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Syndicate okays Rs 2.38bn Punjab University budget

LAHORE, Sep 6: The Punjab University (PU) Syndicate has approved Rs 2.383 billion budget for year 2007-08, which is higher than the last year's budget of Rs 1.836 billion.

According to a press release issued by the PU on Wednesday, the budget was approved by the PU Syndicate in its 1,673rd meeting chaired by Vice-Chancellor (VC) Lt Gen (r) Arshad Mahmood.

According to budget estimates, the PU will generate Rs 1.457 billion (61 percent) from its own resources and expects Rs 926 million (39 percent) grant from the Higher Education Commission (HEC). The university expects to generate Rs 672 million (46 percent) from the examination department and Rs 288 million (20 percent) from registration and degree fees. It will also make Rs 91 million from on campus students' tuition fee, Rs 87 million from self-support programmes, Rs 71 million from self-finance programmes, Rs 70 million from utility charges and Rs 178 million from other resources.

Besides spending on the ongoing projects, the university will spend Rs 161 million in salaries after revising pay scales and allowances. The university has also increased pensions and has promoted teaching and clerical D-class employees.

The PU allocates Rs 40 million for the financial and planning committee, Rs 18 million for the newly recommended posts, Rs 212 million to pay recurring and Rs 434 million nonrecurring costs of the Scheduled New Expenditure (SNE). The university will fill 33 teaching positions and 198 administration posts this year.

Addressing syndicate members, Mahmood said the university had done thorough planning to meet students' needs who belonged to the less privileged families and remote areas. He said the university had a long tradition of talent hunt to improve people's living standards. He said despite the HEC's refusing to give a portion of the grant, the university had increased scholarship grant from Rs 9,000 to Rs 12,000 for the students meeting scholarship criteria. He said the school would award 3,000 scholarships in each category. He said the university had increased research scholar remuneration from Rs 10,000 to Rs 15,000 and honorarium for demonstrators from Rs 1,000 to Rs 5,000. He said the main library would be given additional Rs 10 million to buy new books and Rs 15 million for renovation.

Mahmood said the university had allocated Rs 30 million for students' hostel infrastructure, Rs 8 million to purchase two new buses for students and employees, Rs 6 million for the benevolent fund and Rs 7.5 million for the payment of compensation to the bereaved families. He said the university would spend Rs 50 million on the provision of medical facilities, Rs 20 million to cover university employees' hospitalisation expenses and Rs 4.73 million to buy machinery for the laboratory and emergency unit equipment at the PU Health Centre. He said the university had allocated Rs 10 million to buy laptops, computers and multimedia facilities to enhance teachers' capabilities. He said the school had also allocated Rs 20 million for overseas scholarships for faculty members.

PU Registrar Prof Dr Muhammad Naeem Khan gave a budget presentation to the Syndicate members. He said the university had done planning and took bold initiatives without considering the fact that the HEC had stopped university's grant. He said the university was financially stable and had ample resources to meet it requirements. Daily times

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Updated: 14 Oct, 2014
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