Lahore: The Punjab University Senate adopted a Rs. 12.6 billion budget for fiscal year 2021-2022 at its 357th sitting on Wednesday. Governor/Chancellor Chaudhry Sarwar presided over the meeting, which was held online. More than 150 senators, including PU Vice Chancellor Prof Niaz Ahmed and Pro Vice Chancellor Prof Dr Saleem Mazhar, attended.
In his remarks to the gathering, the governor stated that the finance department had been given orders to exclude colleges from the 25% discrepancy allowance. He claimed that colleges who could afford to provide differential pay to their staff from their own resources would be free to make their own judgments.
Prof Niaz Ahmed briefed the Senate on the budget’s highlights, stating that the number of scholarships provided to students was more than the tuition money the institution collected from them.
He said that the government waived the charge during Covid-19, and that income streams had dwindled for other reasons.
He did say, though, that the institution was dealing with the financial shortfall by reducing spending and implementing austerity measures. He said that the federal government has pledged to raise funds from Rs2.8 billion to Rs3.3 billion as a result of the chancellor’s efforts.