The meeting of vice chancellors (VCs) on Tuesday at Higher Education Commission (HEC) Headquarters was a battlefield as all head of universities came hard on HEC management for allocation of funds and other affairs. On the other hand HEC Chairman Dr Javaid Laghari shrugged his shoulders by saying that HEC did not have more funds to allocate to universities.

According to sources, the HEC is likely to face the worst financial crisis again as Planning Commission (PC) has released only 14 percent of the total development budget during the first quarter of this fiscal year. Besides cutting down the budget allocations of varsities to 10 to 15%, bearing the brunt of these moves, their management is facing severe financial problems.

An official requesting not to be named said that the VCs of all universities were much concerned about that willful neglect on government and HEC’s part. It is also known that they exchanged heated arguments with HEC management as due to lack of funds not only their day-to-day affairs have been suffering but also it is difficult for them to pay the s READ MORE »

Islamabad, July 26: The Higher Education Commission (HEC) is likely to face the worst financial crisis ever as the Planning Commission has released only 7% of the total development budget during the first quarter of the fiscal year.

According to sources, the Planning Commission has agreed to release only 7% against the 35% development funds for July. The past practice was to issue 20% during the first two quarters and 30% during the last two quarters.

Sources said that an amount of Rs14 billion was allocated to the HEC for the fiscal year 2011-12, including Rs200 million for scholarships. Only six new projects have been included in the PSDP for the fiscal year 2011-12 with an allocation of Rs679.895 million. The allocation for the ongoing projects is Rs13.32 billion. READ MORE »