The public authority has cut the Higher Education Commission’s (HEC) assets by 50% in the following monetary year.
The PML-N had been critical of the Pakistan Tehreek-e-Insaf (PTI) government’s decision to reduce the HEC budget. However, after assuming power, they have decided to cut the budget by over 50 per cent to Rs. 30 billion.
The Finance Division has coordinated the HEC to set up its financial plan articulation as per expressed assessments for 2022-23 and submit it to the overseer of the spending plan wing of the Finance Division for section.
The PTI government had already cut the HEC budget, due to which varsities across the country were facing a severe financial crunch. A further cut in the budget will “monetarily paralyze” higher education in the country.
Academics fear that the Higher Education Commission (HEC) may not be able to provide grants to public universities from the proposed budgetary ceiling, and varsities will have to double their fees. They say that public universities will be unable to continue development projects, research activities, and hiring new faculty members without additional support.