|PU syndicate approves Rs 5.534b budget|
LAHORE: (Thursday, June 28, 2012): Punjab University Syndicate meeting, presided over by Vice Chancellor Prof Dr Mujahid Kamran, has approved Rs 5.534 billion budget for the year 2012-13 with a deficit of Rs 1.565 billion. The university expects grant of Rs 1.482 billion and tenure track grant of Rs 69.896 million from HEC. The carry forward deficit is Rs 618.262 million. Despite financial constraints, Punjab University administration has increased research budget from Rs 75 million to Rs 85 million. In the interest of students, it has also been decided, tuition and hostel fees will not be increased. As Vice Chancellor Dr Mujahid Kamran has announced one reserved seat for students from Balochistan at each department, free education and free boarding facilities will be provided to Baloch students. Special students will also be provided with free education and boarding facilities while students taking admission on sports basis will be provided with free education. The university will continue to waive of tuition fee of Hafiz-e-Quran. A seed money of Rs 50 million has been allocated for the establishment of Punjab University Medical and Dental College. The university has allocated Rs 75 million for overseas scholarships, Rs 31 million for national and international conferences, Rs 18 million for laptops for teachers and labs, Rs 312 million for lab equipments, furniture and development projects, Rs 151.96 million on scholarships for teachers and students, Rs 40 million for libraries, Rs 2.5 million for co-curricular activities of students and Rs 10 million for hostel facilities.