SSUET announces budget worth Rs978m for the 2014-15 financial year
Has earmarked around 16%, or Rs160.8 million, of the total budgetary outlay for the annual development programme.
KARACHI:
The Sir Syed University of Engineering and Technology (SSUET) has announced a budget worth Rs978.8 million for the fiscal year 2014-15. The budget was announced at a meeting of its board of governors on Monday.
The university has earmarked around 16%, or Rs160.8 million, of the total budgetary outlay for the annual development programme. Of this development budget, the university will spend Rs50.6 million on the construction of a new academic block while Rs14.9 million have been earmarked for research projects. A provision of Rs6 million has been made for financial incentives to faculty members for carrying out research projects while another Rs0.8 million have been set aside for the PhD graduate programme.
Another allocation of Rs38 million was made for the introduction of new technologies, besides the development of a new campus and IT Park. The university will spend Rs3.5 million on the purchase of new books, research journals and equipment for the library. The SSUET has focused on its existing laboratories and made an allocation of Rs 29.3 million for purchase of additional lab equipment.
In keeping with its tradition that no student should give up their academic pursuit merely because of financial constraints, the university has earmarked Rs40 million for scholarships to be given to deserving and talented students.
A provision of Rs8.5 million has been made for financial help out of profit from the endowment fund to students and employees. The university’s endowment fund stands at Rs330 million today while the budget shows accumulated development fund at Rs148 million.
Chaired by vice-chancellor Dr Jawaid Hasan Rizvi, the meeting was attended by Dr Abdul Qadeer Khan, Dr Attaur Rehman, Lt Gen (retd) Moinuddin Haider, Dr SM Makhdoomi, Dean Yusuf Siddiqi, Commodore (retd) Saleem A Siddiqi, Registrar Syed Abrar Ali and Finance director Munawar Hasan.
Published in The Express Tribune, July 1st, 2014.
The Sir Syed University of Engineering and Technology (SSUET) has announced a budget worth Rs978.8 million for the fiscal year 2014-15. The budget was announced at a meeting of its board of governors on Monday.
The university has earmarked around 16%, or Rs160.8 million, of the total budgetary outlay for the annual development programme. Of this development budget, the university will spend Rs50.6 million on the construction of a new academic block while Rs14.9 million have been earmarked for research projects. A provision of Rs6 million has been made for financial incentives to faculty members for carrying out research projects while another Rs0.8 million have been set aside for the PhD graduate programme.
Another allocation of Rs38 million was made for the introduction of new technologies, besides the development of a new campus and IT Park. The university will spend Rs3.5 million on the purchase of new books, research journals and equipment for the library. The SSUET has focused on its existing laboratories and made an allocation of Rs 29.3 million for purchase of additional lab equipment.
In keeping with its tradition that no student should give up their academic pursuit merely because of financial constraints, the university has earmarked Rs40 million for scholarships to be given to deserving and talented students.
A provision of Rs8.5 million has been made for financial help out of profit from the endowment fund to students and employees. The university’s endowment fund stands at Rs330 million today while the budget shows accumulated development fund at Rs148 million.
Chaired by vice-chancellor Dr Jawaid Hasan Rizvi, the meeting was attended by Dr Abdul Qadeer Khan, Dr Attaur Rehman, Lt Gen (retd) Moinuddin Haider, Dr SM Makhdoomi, Dean Yusuf Siddiqi, Commodore (retd) Saleem A Siddiqi, Registrar Syed Abrar Ali and Finance director Munawar Hasan.
Published in The Express Tribune, July 1st, 2014.