Punjab University syndicates meeting today

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Punjab University syndicates meeting today

LAHORE (PPI): Punjab University Syndicate 1676th meeting (budget) will be held on Friday (today) at 10:00 a.m. in the committee room of Vice Chancellor's office. Vice-Chancellor Prof Dr. Mujahid Kamran will chair the meeting

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PU syndicate approves Rs 3 billion budget

LAHORE (PPI): The Punjab University Syndicate has unanimously approved Rs 2975.844 millions of the varsity for the fiscal year 2008-09. A deficit of Rs 268.349 would be met out of 200 million grants committed by the Higher Education Commission (HEC) and through special saving during the current fiscal year. The budget was approved at the syndicate 1676th meeting which was presided over by Vice-Chancellor Dr Mujahid Kamran. University Treasurer Abdul Sattar Jajja presented the budget which was unanimously approved. Giving special importance to research, the grant for this head has been increased to Rs 50 million compared to the last year's Rs 22 million. It is mention worthy that last year's research grants were partly funded by HEC but this year's above said grant would be spent out of the PU own resources. The amount for overseas scholarship has been doubled from Rs 20 million to Rs 40 million this year. On campus PhD scholarship has been increased from 60 to 75 and special stipend during PhD studies has also been increased for the students as a total Rs 4.5 million fixed for it. MPhil scholarships within Punjab University have been increased from 25 to 100 and Rs 3 million has been allocated in this regard. During the fiscal year 2008-09, a total 5000 scholarships including 2500 for needy students and 2500 merit scholarships at Rs 12000 per student have been fixed and Rs 60 million will be spent in this regard. In place of the old ruined buses, four new CNG buses will be purchased with Rs 12 million this year. Despite of visible increasing electricity rates, paper, patrol and other things the university has decided to make no increases in tuition and other fees. However, a 15% increase in the examination fee was inevitable keeping in view increase in paper, patrol and other examination expenditure. Following the announcement of 15% increase in the salaries of government employees and increase in pensions, the Punjab University has also increased the salaries for its all employees. Earlier in the beginning of meeting, fateha was offered for the late Justice (retd) Sardar Muhammad Iqbal for his great services as member PU Syndicate for the varsity and a resolution as also passed.

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PU syndicate approves Rs 3 billion budget

Lahore, June 28, 2008: The Punjab University syndicate has unanimously approved its Rs 2,975.844 million budget for 2008-09.

According to a press statement issued by the PU on Friday, the current year's deficit of Rs 268.349 million would be met out of Rs 200 million grants committed by the Higher Education Commission (HEC), and through the special savings by the PU during the current fiscal year.

The budget was approved at the syndicate's 1,676th meeting that was presided over by PU Vice-Chancellor Dr Mujahid Kamran. PU Treasurer Abdul Sattar Jajja presented the budget, which was unanimously approved.

Research: The grant for research has been increased to Rs 50 million from the last year's Rs 22 million that was party funded by the HEC. This year's grant would be given from the PU's own resources.

Overseas scholarships: The amount for overseas scholarships has been doubled from Rs 20 million to Rs 40 million in the 2008-09 budget.

On-campus scholarship: The on-campus PhD scholarship has been increased from 60 to 75 and the special stipend for students during PhD studies has also been increased. The syndicate has announced Rs 4.5 million for the special stipend to PhD students.

The MPhil scholarships have been increased from 25 to 100, and Rs 3 million has been allocated for this.

It was announced that during 2008-09, a total of 5,000 scholarships including 2,500 for needy students and 2,500 merit scholarships would be awarded and each student would be given Rs 12,000. The PU would spend Rs 60 million in this regard.

New CNG buses: The treasurer announced that the PU would buy four new CNG buses with Rs 12 million.

PU dues: Sattar said that despite the increase in prices of electricity, patrol and paper, the university had not increased its tuition fee. However, he said a 15 percent increase in the examination fee was inevitable.

It was also announced that the PU would increase salaries of its employees.

Earlier, members of the meeting prayed for late Justice (r) Sardar Muhammad Iqbal for his services as the syndicate member. Daily Times