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Funds issued for smooth running of projects: HEC

ISLAMABAD, July 2(Daily Times): Higher Education Commission (HEC) on Saturday said it released development grants to universities for approved projects according to the 'cash plan' so that the process remained unhindered.

The HEC spokesperson issued a press statement saying the projects could have been delayed had the HEC not issued annual grants on time. "Physical review of the projects is carried out every three months and its reports are sent to the Prime Minister's Secretariat, Finance Division, Planning Commission and chancellors of the universities," it said. The statement said the Auditor General of Pakistan (AGP) audited the accounts in addition to the chartered accounts hired by the HEC. It says the objections raised in the AGP report regarding HEC accounts had been cleared.
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