Increased Training Fee (HEC) dangers shedding funding price tens of millions of {dollars} after it failed to realize a number of key milestones over the previous 12 months.
In keeping with particulars, the Worldwide Improvement Affiliation (IDA), a World Financial institution mandated worldwide monetary establishment which presents grants to growing nations around the globe, is mulling over revoking HEC’s $218 million funding.
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In the meantime, the Federal Training Ministry has determined to hunt emergency help from the federal government to avert HEC from shedding the grant.
On this regard, the Training Ministry has requested the Financial Coordination Committee (ECC) to disburse Rs. 2.26 billion to the HEC with quick impact.
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Sources have it that the federal government’s choice to chop HEC’s annual funding hampered the fee from attaining particular targets set by IDA.
Officers throughout the Training Ministry have expressed confidence that HEC will obtain the milestones after receiving Rs. 2.26 billion from the federal government.
