KARACHI - The budget for the year 2013-14 of the Sindh Madressatul Islam University (SMIU) was passed by its Finance and Planning Committee in its first meeting here on Sunday.
The meeting was informed that the SMIU required an amount of Rs165 million for its recurring expenditure for next financial year for running its five departments and two model schools. The meeting was apprised that so far the HEC had not provided any grant and all the expenditures were being met from the grants given by government of Sindh.
The committee observed that the HEC too should financially support the SMIU. On this point, the representative of the HEC said that although the HEC itself was passing through financial hardships, efforts were still being made to support the SMIU. The committee resolved to approach the higher authorities of the HEC to play their role in providing enough financial resources to the university during its infancy years.
The committee also granted ex-post facto approval to the budget for the current fiscal year to the tune of Rs130 million. It was informed that the government had allocated Rs100 million for it for the current year, which created a deficit of Rs30 million. Vice Chancellor Dr Mohammad Ali Shaikh informed the committee that he along with other vice chancellors had met with the chief minister in December last year, where the chief minister had agreed to provide additional allocation of Rs30 million for the SMIU to cover its recurring deficit.
The meeting was also informed that in order to meet immediate development needs of the university, Chief Minister Qaim Ali Shah had announced a special grant of Rs150 million, which was still being awaited. The committee, while appreciating the announcement of Qaim Ali Shah for recurring as well as special development grant, requested the government to provide the promised amounts to the SMIU on priority basis in order to save it from financial constraints.
The meeting also decided to provide group life insurance protection of the State Life Insurance Corporation to its all employees, including the employees of its two boys and girls model schools.