Public varsities forced to borrow loans

It further said, "It seems that Karachi University is also going to use this facility of loans from national banks with a view to pay its employees' salaries because.

The Federal Urdu University for Arts, Science and Technology (FUUAST) is also in need of Rs 70 million from HEC. Several research and development projects of public universities, funded by the HEC, whose basic responsibility is to facilitate higher learning to serve as engines for socio-economic development of Pakistan, are nearly to be damaged."

It is pertinent to mention here that federal finance ministry still has not released the fourth quarterly instalment to the HEC despite the intervention of Prime Minister Yousuf Raza Gilani, who had assured the HEC higher-ups on 12th May that the said instalment would soon be released.