Posts tagged ‘budget’

July 4, 2011

Punjab University Budget Approved

LAHORE, July 2: The Punjab University Syndicate has approved a hefty Rs1.199 billion deficit budget for the financial year 2011-12 blaming that the federal government did not grant to meet the payment of enhanced salaries and pension.


The university administration says the impact of enhanced salaries and pension during the current financial year will be Rs533.623 million.


Overall, the Syndicate meeting presided over by Vice-Chancellor Prof Dr Mujahid Kamran has approved a budget of Rs5.024 billion, while expecting an income of Rs3.826 billion.


Of total expected income, the PU administration has calculated that it will generate some Rs2.543 billion (66 per cent) from its own resources and get a Rs1.283 billion (34 per cent) grant from the Higher Education Commission, including Rs29.016 million for the Tenure Track System.


The break-up of Rs5.024 billion expenditure shows that the university expects to spend Rs2.281 billion on payment of pay and regular allowances, Rs634.102 million on other allowances and benefits, Rs406.027 million on pension, Rs305.951 million on utility charges, Rs396.750 million on conduct and remuneration of examination, Rs654.976 million on other current expenditure, Rs255.245 million on development expenditure. It will also spend Rs29.016 million on tenure track system and offer scholarships to students to the tune of Rs61.360 million.


This year, the PU Syndicate approved establishment of three endowment funds – Pension Endowment Fund, Research Endowment Fund and Employees Welfare Fund.


It may be mentioned that the Research Endowment Fund was established in 1998 with an initial grant of Rs50 million by the then prime minister. The Syndicate decided that the Research Endowment Fund would be strengthened by contribution from the university, contribution from federal and provincial governments, donations and contributions from other sources at home and abroad.


The PU Employees Welfare Fund will be utilised for the welfare of university`s regular employees of BPS-1 to 16 and their families. The university will initially contribute and invest an amount of Rs20 million and thereafter will contribute Rs3 million on an annual basis. It will use the income of the fund for welfare of employees by providing them interest-free loans, giving financial assistance, offering performance-based awards, making special grants to its employees in exceptional cases, providing marriage grants as well as granting educational scholarships to the children of regular in-service university employees.Dawn.

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July 4, 2011

Punjab University ‘s Rs1.2bn budget approved

PU’s Rs1.2bn budget approved
Lahore, July 04: The Punjab University Syndicate has approved a hefty Rs1.199 billion deficit budget for the financial year 2011-12 blaming that the federal government did not grant to meet the payment of enhanced salaries and pension.


The university administration says the impact of enhanced salaries and pension during the current financial year will be Rs533.623 million.


Overall, the Syndicate meeting presided over by Vice-Chancellor Prof Dr Mujahid Kamran has approved a budget of Rs5.024 billion, while expecting an income of Rs3.826 billion.


Of total expected income, the PU administration has calculated that it will generate some Rs2.543 billion (66 per cent) from its own resources and get a Rs1.283 billion (34 per cent) grant from the Higher Education Commission, including Rs29.016 million for the Tenure Track System.


The break-up of Rs5.024 billion expenditure shows that the university expects to spend Rs2.281 billion on payment of pay and regular allowances, Rs634.102 million on other allowances and benefits, Rs406.027 million on pension, Rs305.951 million on utility charges, Rs396.750 million on conduct and remuneration of examination, Rs654.976 million on other current expenditure, Rs255.245 million on development expenditure. It will also spend Rs29.016 million on tenure track system and offer scholarships to students to the tune of Rs61.360 million.


This year, the PU Syndicate approved establishment of three endowment funds ?” Pension Endowment Fund, Research Endowment Fund and Employees Welfare Fund.


It may be mentioned that the Research Endowment Fund was established in 1998 with an initial grant of Rs50 million by the then prime minister. The Syndicate decided that the Research Endowment Fund would be strengthened by contribution from the university, contribution from federal and provincial governments, donations and contributions from other sources at home and abroad.


The PU Employees Welfare Fund will be utilised for the welfare of university’s regular employees of BPS-1 to 16 and their families. The university will initially contribute and invest an amount of Rs20 million and thereafter will contribute Rs3 million on an annual basis. It will use the income of the fund for welfare of employees by providing them interest-free loans, giving financial assistance, offering performance-based awards, making special grants to its employees in exceptional cases, providing marriage grants as well as granting educational scholarships to the children of regular in-service university employees. Dawn

July 1, 2011

Board of Governors SSUET Rs 712m budget for 2011-12


SSUET approves Rs 712m budget for 2011-12
Karachi: The Board of Governors of Sir Syed University of Engineering and Technology (SSUET) passed Rs 712.30 million surplus budget for 2011-2012 at a meeting held under the chairmanship of Vice-Chancellor Prof Dr Saiyid Nazir Ahmed. The budget shows the income at Rs 714.84 million with Rs 627 million as current expenditure and Rs 84.90 million set aside for development thus making the budget surplus by Rs 2.54 million. According to the budget’s salient features, the highest amount of Rs 37.50 million has been allocated for purchasing additional equipments for all Faculties including newly established Telecom Faculty. Besides, Rs. 16 million have been earmarked for financial help to be provided out of profit on Endowment Fund, wile Rs. 12.30 million would be spent on construction of new academic block, Rs 8.80 million provided for development of New Campus/IT Park.


The budget shows an allocation of Rs 1.5 million for research projects, Rs 3.5 million for research by faculty, Rs 1.5 million for PhD Graduate Programme. During the new fiscal the University will spend Rs. 3 million on purchase of new books, research journals and equipment for library. The university allocated the same amount for award of scholarships to students as was kept in the year 2008 and afterwards. During 2010-11, the university had provided financial assistance to 28 employees and 473 students out of profit on endowment fund and the same was expected in 2011-12. According to the budget documents some 9,819 students have been awarded engineering degree from 1998 to 2011 while three Faculty members cleared PhD comprehensive exams and are pursuing research work. With an allocation of Rs 13.70 million for development fund, the accumulated Fund now stands at Rs 74.40 million. ppi

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June 30, 2011

Board of Secondary Education Karachi approves Rs 412.4 million surplus budget

about 17 hours ago – No comments

BSEK asks internal examiners to submit scripts by July 4 Karachi: Controller of Examinations of the Board of Secondary Education Karachi (BSEK) has asked the internal examiners of SSC Annual Practical Examinations 2011, who have not yet submitted scripts of physics, chemistry, biology and computer science to submit the same latest by July 4. In

about 19 hours ago – No comments

Karachi University MA annual exams 2010 MA exams begin on July 4 Karachi, June 29: The University of Karachi has announced that the MA annual examination-2010 for both private and regular candidates will start from July 4. More than 19,879 external candidates will appear in the exam along with 72 regular candidates. Arrangements have been

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-BSc (Part-II) (Reg) Annual Exam 2010 Karachi, The result of BSc Part 2 Annual Examination 2010 of University of Karachi (KU) has been announced on Monday June 2o, 2011, said the officials of Karachi University. According to result statistics all the top positions were got by female students. Sadaf Nazir of D.J. Sindh Government Science

about 1 week ago – No comments

Karachi, The result of M.Ed (Evening Program) First year Annual Examination 2010 of University of Karachi (KU) has been announced on Saturday June 18, 2011. Total 68 candidates appeared in the examination and the pass percentage remained at 72.06, said the university administration. Incoming search terms:m ed evening result 2010m ed examination results karachi universityfree

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KARACHI, June 16: The Board of Advanced Studies and Research (BASR), University of Karachi, has approved conferment of 25 PhD and 14 MPhil degrees. This was announced by KU registrar Prof M. Kaleem Raza Khan on Thursday. He said that the meeting of the BASR was chaired by KU Vice Chancellor Prof (Dr) Pirzada Qasim

about 2 weeks ago – No comments

Karachi, University of Karachi has announced the result of B.Com part 2 examination. Karachi University announced the result today June 10, 2011. download link BCom PART-II / Both Parts (Regular) Annual Examination 2010 – 10/06/11 UNIVERSITY OF KARACHI   KARACHI (EXAMINATIONS DEPARTMENT) No. Exam./Conf./Annual/Result/2011   Candidates bearing the following Seat Numbers are hereby declared to

about 3 weeks ago – No comments

Manhandling of KU teacher slammed KARACHI, The Federal Urdu University of Arts, Science and Technology (Fuuast) teachers’ association (Abdul Haq Campus) on Tuesday condemned the alleged manhandling of Prof Dr Fayyaz Veed of the University of Karachi by some hooligans and demanded stern action against the culprits. President of the Anjuman-i-Asatiza Dr Abdul Ghafoor Baloch

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MBBS exam result Karachi University in Karachi on Tuesday announced the result of the MBBS Second Professional Annual Examinations 2011. According to statistics, 441 candidates appeared in the examinations and of them 277 were declared successful with the pass percentage of 62.81. A Karachi University official said that mark sheets were being issued at colleges.The

about 3 weeks ago – No comments

KU form submission dates Karachi Controller of Examination, University of Karachi (KU), has announced that registration form of MA (Private) could be submitted up to June 13 at bank counters of the Silver Jubilee Gate of the university along with a fee of Rs2,000 while the examination form of MA, Double MA and Improvement of

about 4 weeks ago – No comments

Ecnec approves three mega HEC projects Islamabad Despite opposition by the Federal Minster for Petroleum and Natural Resources, Naveed Qamar, the Executive Committee of the National Economic Council (Ecnec) has approved three Higher Education Commission (HEC) projects worth Rs6376.2 million. According to well-placed sources, during the Ecnec meeting held here on May 26, the Federal