CM orders resolution of universities' financial issues.

PESHAWAR -- Chief Minister Mahmood Khan has directed the authorities concerned to resolve the financial problems of public sector universities on sustainable basis so that proper focus could be laid on promotion of research and provision of quality higher education.

He directed the authorities to formulate proposals in this regard in consultation with the higher education, finance and other relevant departments, said a handout issued here on Wednesday.

Presiding over a meeting on finances of public sector universities, the chief minister said goal of the effort was to promote quality education and research. A detailed report on the financial matters of the universities was presented in the meeting.

The meeting was informed about statistics regarding academic session 2019-20, overview of financial budget, estimated expenditures, factors of financial problems of public sector universities and recommendations were proposed to resolve the issues.

The meeting was informed that 40 universities in Khyber Pakhtunkhwa were recognised by Higher Education Commission out of which 29 were public sector universities.

In order to make the public sector universities financially sustainable, numerous recommendations were proposed that included amendment in Khyber Pakhtunkhwa Universities Act, establishment of KP universities consolidated pension fund...