Advertisement
Categories: News

Sindh Public Universities Seek Urgent Financial Aid to Avert Default

Advertisement

In a collective plea, Vice Chancellors (VCs) from 21 public universities in Sindh have urgently appealed to Prime Minister Shehbaz Sharif for Rs 16 billion in funding to prevent an impending financial crisis.

Expressing grave concerns, the VCs highlighted the suspension of federal grants to provincial universities, including the 29 public sector institutions in Sindh. Since 2018, the Higher Education Commission (HEC) has withheld over Rs 13 billion in federal funding for Sindh’s universities, exacerbating financial strain.

The letter to the prime minister underscored the critical need for stabilizing and supporting higher education institutions, drawing parallels with successful educational investments in countries like China, Korea, Malaysia, and India.

Amid Pakistan’s financial challenges, the VCs emphasized the imperative of bolstering investment in higher and technical education to navigate the crisis effectively.

Notably, the HEC ceased funding provincially chartered universities following a significant reduction in its federal grant, plummeting from Rs 65 billion to Rs 25 billion. Originally seeking Rs 126 billion to support 160 universities nationwide, the HEC’s funding halt to provincial institutions has left universities reliant on provincial financing.

With federal funding slashed, Sindh’s universities are grappling with fiscal uncertainty, compelling urgent action from the government to mitigate the impending default.

Advertisement
Zubair Yaqoob

Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories. Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting. Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.

Recent Posts

Balochistan to unveil Rs1.2 trillion tax-free surplus budget with education and salary allocations in June

Balochistan Government Set to Unveil Surplus Budget The Balochistan government is set to present its…

25 minutes ago

Iran, Oman Forge New Hormuz Security Framework for Regional Stability and Shipping

Iran's Foreign Ministry spokesman, Esmaeil Baghaei, announced on Saturday that special security measures have been…

30 minutes ago

Palestine Welcomes UN’s Inclusion of Israel on Sexual Violence Blacklist as Realistic and Objective

Palestinian Authority Welcomes Israel's Inclusion on UN Blacklist for Sexual Violence in Conflict The Palestinian…

37 minutes ago

Iran’s Air Defences Shoot Down Drone Over Qeshm Island Amid Tensions

Iran's military announces successful interception and destruction of drone over Qeshm Island. The aircraft was…

4 hours ago

Karachi Operation Recovers 2.72 Acres Railway Land Worth Rs1.42 Billion, 12 Arrested in Crackdown on Encroachment Network

Major Operation Leads to Recovery of 2.72 Acres Railway Land Worth 1.42 Billion Rupees A…

4 hours ago

Turkish FM Proposes Regional Security Alliance for Israel and Palestine

Turkish Foreign Minister Hakan Fidan has proposed a new regional security alliance spanning from Pakistan…

5 hours ago