KARACHI: Karachi University’s (KU) Vice Chancellor Prof Dr Mohammad Ajmal Khan while addressing at a faculty meeting at KU’s Arts Auditorium on Thursday said KU is facing financial challenges especially due to the merger of morning and evening funds by the former administration.
He appealed from HEC to double its grant of two billion rupees and also asked the Sindh government to increase the grant up-to one Billion Rupees to KU on immediate basis.
He said all the decisions of varsity’s syndicate and selection boards are carried out on pure merit and without any pressure since the authorities of these bodies are legally well defined.
He added that KU receives grant of Rs2billion from HEC while generates the same amount from its own resources which is still insufficient.
While describing the expenditure of KU, VC informed that KU spends Rs3.5 billion yearly only on salaries and pensions while Rs250 million on employees’ medicines.
Other major expenditures include bills of electricity, gas and water, payments to hospitals, advertisements, lab equipment, chemicals, papers, office furniture, electric equipment and other necessary items. These expenditures are not allowing the issuance of research grant.
He said that they were reviewing the billing of electricity, gas and water and devising a mechanism to control them which will save Rs40 million.
He informed that KU accounts section will soon be computerized, a survey is also being conducted on illegal residents in KU campus and soon action will be taken without any discrimination.
He said that he was successfully secured the grant of around Rs3bn which is unprecedented and no Vice Chancellor secured this in future. KU, the largest university of Pakistan, needs funds of Rs7billion on annual basis, varsity’s major purpose is to promote academics and research rather worrying about its funds and financial crisis.