14th Meeting of Finance Comittee, Budget approved.

The 14th meeting of the Finance Committee Hazara University was held under the chairmanship of Vice Chancellor, Prof. Dr. Syed Sakhawat Shah. The committee recommended and approved the budget recommendations for the fiscal year 2010-11 and revised budget of the year 2009-10. The total volume of the budget for the year under review was 1254.436 million rupees. The recurrent expenses amounted to Rs. 743.798 million and the developmental expenditure was 510.638 million. The budget reflected a deficit of Rs. 207 million. The meeting discussed and decided the different financial matters regarding the budgetary allocations including the reduction in fee structure of the students due to the prevailing poverty condition of the area. The university also established a student welfare fund for extending financial aid to the needy and poor students, which was recommended and appreciated by the finance committee. The university employees will contribute 1% of their monthly pay in this grant and this tradition would be followed by the rest of the universities of the country. The meeting also considered the proposals regarding the amended different administrative positions in the university. The meeting also recommended considering promotion of employees serving in grade 01 to 04 on the basis of their merit and performance. The finance committee recommended the post of additional treasurer in the treasurer office. The finance committee passed a resolution and recommended to the provincial government that the university was adversely affected in the terrible earthquake of 2005 and it was located in the area where the terrorism was spreading far and wide and the university in these trying circumstances was providing the opportunities of higher education. Therefore, the provincial government must help the university to overcome its deficit by special financial grants. In his brief opening remarks, the Vice Chancellor explained that university was trying to expand the activities of higher education by involving the highly experienced PhD faculty. The university successfully administering the affairs of two campuses at Havelian and Haripur from its own financial resources. The meeting was attended by Mr. Masood Ahmad, Additional Secretary Finance, Peshawar, Mr. Amir Abdur Rehman, Section Officer, Higher Education, Peshawar Mr. Hazrat Bilal, Director Budget, Higher Education Commission, Islamabad, Prof. Dr. Muqarrab Shah, Dean Health Sciences, Prof. Dr. Bakhtiar Muhammad, Dean Sciences, Prof. Dr. Habib Ahmad Chairman Botany Department, Dr. Muhammad Yousaf, Chairman Mathematics, Mr. Akbar Khan, Treasurer, Engr. Sohail Alamgir, Director Works and other officers of the university.