PESHAWAR – The University of Peshawar Thursday presented its annual budget with a total outlay Rs 2812 million for the year 2012-13.

The Finance and Planning Committee held its meeting to discuss the recurrent needs of the varsity for the fiscal year 2012-13. The receipts including government grants and those from university’s own resources for the coming fiscal year were estimated at Rs 1565 million thus causing an annual deficit of Rs 1247 million. The F&PC meeting was chaired by Vice Chancellor University of Peshawar Prof Dr Qibla Ayaz.

Treasurer UoP Iftikhar Hussain Khan presented annual budget while Registrar Dr Syed Fazli Hadi and representatives from Khyber Pakhtunkhwa Finance and Higher Education Departments were also present on the occasion.

The Treasurer in his budget presentation said special measures have been planned for the coming year to reduce the budget deficit to Rs 1046 million. He added that the Higher Education Commission has not provided the required grants in this fiscal year and they may have to face more fund shortage in the year 2012-13. He said that the estimated commitment from HEC in the coming year is Rs 880 million, which is far below their expectations. In addition the 20 per cent increase in salary for 2012-13 would have an annual financial impact of around 170 million rupees. Payment of increase in salary to employees, however, has been made conditional to the provisions of the additional grants, he added.

Iftikhar Hussain Khan said the Higher Education Commission has not allocated funds for constituent colleges and schools of University of Peshawar, because they perceive it to be provincial subjects. Therefore the Khyber Pakhtunkhwa government would be approached to provide an annual grant of 400 million for University schools and colleges for the year 2012-13, he added.

Members of Finance and Planning Committee were of the opinion to continue with the evening sessions in only those university departments, which are economically feasible. They proposed to keep special check on expenditures including electricity consumption and purchase of generators, new furniture etc.

The budget was recommended to be placed before the forthcoming meeting of university syndicate.