Punjab University Syndicate recommends Rs 9.39 billion budget - Press Release issued by University of the Punjab.

Lahore -- July 02, 2020 (PPI-OT)

Following is the text of press release issued by University of the Punjab

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Punjab University Syndicate meeting, presided over by Vice Chancellor Prof Niaz Ahmed, on Wednesday recommended Rs 9.39 billion budget for the approval of Senate for the year 2020-21. Despite facing serious financial pressure amid COVID 19, PU Syndicate decided not to increase fee of on campus students so that parents will not have to bear burden on their pockets.

On the directions of the vice chancellor for increasing PU's international ranking and socio-economic impact research, the PU Syndicate made a major increase in research funding from Rs 165 million to Rs 380 million as it was a policy of the administration to promote research culture. PU would also continue overseas scholarship scheme for teachers. The university has allocated Rs 32 million for participation in national and international conferences. The Syndicate also recommended establishment of Centre for Health and Safety and Institutional Research Centre. The university faces a deficit of Rs 431 million which would be managed by reducing expenditures and adopting austerity measures.

The university expects a total grant of Rs 2.5 billion from Higher Education Commission, 27.6 percent of the total budget while PU would generate the rest of 72.4 percent...