Lahore : Punjab University Syndicate meeting, presided over by Vice Chancellor Prof Dr Zafar Mueen Nasir, on Thursday approved Rs 9 billion budget for the year 2017-18.
The university expects a total grant of Rs 2.548 billion from Higher Education Commission, 38 percent of the total budget. To encourage research activities, the university has increased research grant from Rs 120 million to Rs 150 million.
According to other salient features of the budget, special students will also be provided with free education along with boarding facilities while students taking admission on sports basis will be provided with free education. The university will continue to waive off tuition fee of Hafiz-e-Quran.
The university has allocated Rs 70 million for overseas scholarships and Rs 70 million for participation in national and international conferences.
In order to facilitate students, Punjab University is providing funds of Rs 11 million to its students in terms of scholarships, student affairs and career counseling and other activities.
Moreover, HEC scholarships worth 9.74 million rupees and PEEF scholarships will also be provided to students. Punjab University is providing Rs 220.40 million Hostel Subsidy, Rs 4.83 million Transport Subsidy and Rs 10.14 million Internet Subsidy to students.
The net subsidy on the mentioned services has been increased from Rs 210 million to Rs 270 million and in addition to the above, subsidy on electricity bills in teaching departments is also being provided.
PU has allocated Rs 410 million for development projects.