For the primary time ever, the vice-chancellors (VCs) of public universities in Sindh have spoken up in regards to the worst potential monetary disaster and price range cuts of billions of rupees.
The VCs have collectively issued separate letters highlighting the price range cuts and the rising expenditures over the past two monetary years to the Federal Minister for Finance, Shaukat Tareen, and Sindh’s Chief Minister, Murad Ali Shah. They’ve additionally demanded an instantaneous improve of a number of billion rupees within the price range to take care of and run their universities.
The letter additionally addresses the Federal Minister for Training, Shafqat Mahmood, and copies of it have additionally been despatched to the Increased Training Fee (HEC), the Federal Secretary of Finance, and the Federal Secretary HEC.
The letter talked about that the federal authorities had allotted a price range of Rs. 64 billion for greater training within the present monetary 12 months which was Rs. 1 billion lower than for the earlier monetary 12 months. The Finance Division had estimated the overall expenditure of public universities to be Rs. 103 billion. Resulting from this, some universities are unable to pay the salaries and pensions of their staffers.
The letter detailed that the federal authorities intends to extend the pensions and salaries by 15 to twenty p.c within the subsequent price range in addition to an increment within the greater training price range. It added that such a state of affairs will improve the fiscal deficit of Sindh’s public universities from 30 p.c to 50 p.c.
The letter acknowledged that in an evaluation of 17 public universities in Sindh, the HEC had estimated their annual expenditure to be Rs. 31 billion. Regardless of this, that they had obtained solely Rs. 7.83 billion from the HEC and produced Rs. 12 billion from their very own incomes, whereas the provincial authorities contributes Rs. 5 billion.
These universities face an annual deficit of Rs. 6 billion. Moreover, the provincial authorities has elevated the pensions and salaries by 10 p.c within the final two monetary years, leaving these 17 universities in a horrible deficit.
In view of this example, the letter demanded that the price range of Rs. 7.83 billion allotted for Sindh’s public universities be elevated to Rs. 15 billion.
The letter additionally mentioned that even when the sample of NFC awards is taken into consideration, the grant to Sindh’s universities can be Rs. 16 billion. The VCs additionally requested a gathering with the Sindh Chief Minister on the problem.