New universities excluded from recurring grant scheme

The Higher Education Commission (HEC) of Pakistan last Wednesday announced the exclusion of all newly established universities from the recurring grant scheme in the next fiscal year due to a shortage of funds, writes Rahul Basharat for The Nation.

A statement released by the HEC said that due to a paucity of funds compared with the requirement, a principle decision has been taken by the HEC regarding newly established universities. “During next year, no new university is being added to the recurring grant stream of HEC,” it said.

The statement said that almost 20 newly established universities have approached HEC for funding from the next year. The inclusion of new universities would have resulted in a reduction of the allocations to older universities.
Full report on The Nation site