The funds for the university will be allocated in the upcoming budget. The provincial government will provide free of cost land for PTU which will be managed by an autonomous board to ensure the highest standard of computer education. The first campus PTU has been set up on the sixth floor of AKSTP where classes will start from September this year. More than 1000 students will be equipped with modern education in computer science in this campus while six thousand students will study in the permanent campus of PTU at Dera Rakh Chahal on Ring Road.
While addressing on the occasion, the chief minister said the provincial government was paying special attention to research and development at the university level and the time would soon come we would be able to compete with the leading international universities.
The CM said on the occasion of 2008 elections, he had announced to convert the palace-like office at 8-Club Road into IT university for women but unfortunately the project fell prey to red-tapism. He said he had never entered into this palatial building but the promise made on elections had been honoured today.
He said the educational expenses of 500 brilliant deserving students would be paid from Punjab Educational Endowment Fund. He said Punjab government had decided to set up Knowledge City over 705 acres land at Dera Rakh Chahal near Ring Road.
He said the permanent campus of Punjab Technology University would be established in collaboration with Middle East Technical University of Turkey. He said establishment of PTU was an important step towards creation of an Islamic welfare state in the light of the ideals of Quaid-e-Azam and Allama Iqbal.
Commenting on the energy crisis, the CM said Pakistan was plunged into darkness and the masses facing acute power loadshedding were venting their anger against the rulers. While supporting the protest against the unjust and discriminatory attitude towards Punjab, the CM however refrained them from damaging public property.
“Loadshedding is the result of the wrong policies and plunder of rulers and as long as the money looted from the country is brought back, corruption is stopped and effective steps are taken to check power theft, the same situation of loadshedding and problems will persist which cannot be tolerated for a long time”, Shahbaz Sharif held.
Replying to the question of mediamen, he said if the corrupt rulers return the money looted from the country, Punjab Bank, NICL, Hajis and the loans which were written off on political basis, Punjab would be the first to contribute its share for the repayment of circular debt. In response to a question about unemployment, he said it was the result of closure of industries due to loadshedding, corruption and wrong policies of inefficient rulers.
Regarding powers devolved to the provinces for generation of electricity, he said he gave a proposal in this regard in the meeting of Council of Common Interests which was also supported by other provinces.