MULTAN - The Punjab government has allocated Rs1.5 billion in budget 2011-2012 for establishment of five new universities in the province. Out of five universities, four are women varsities that will be set up in Multan, Bahawalpur, Faisalabad and Sialkot while the fifth one namely Ghazi University will be established in Dera Ghazi Khan. The budget document reveals that entire funds for women university will be released in current year. Similarly, the government is going to release Rs10 million for establishment of Sports Complex and Students Centre in Bahauddin Zakariya University under the head of financial assistance to universities. The government has so far spent Rs143.8 million on this project so far. Similarly, the government has allocated Rs45 million for the up-gradation of Pharmacy, Physics, Mechanical and Electrical Engineering as well as Agriculture College. This project was launched in 2008 and so far Rs151 million is spent. The government has also earmarked Rs15 million for BZUs Bahadur Campus in Layyah. This project costs Rs100 million. The Punjab government has also allocated funds for Islamia University Bahawalpur. According to detail, a total of Rs25 million will be spent on two projects in Islamic Studies and Veterinary Departments. The varsity will establish Modern Progressive Centre in Islamic Studies Department at a cost of Rs20 million while Rs5 million will be spent on setting up Veterinary Faculty. Both the projects will be accomplished in current years.