KARACHI - The Senate meeting of NED University of Engineering and Technology has approved the recurring budget of Rs 1,371 million of the varsity for the financial years of 2011-12, showing a deficit of Rs 95 million. Sindh Education Minister Pir Mazhar-ul-Haq presided over the 19th senate meeting in the absence of Sindh Governor Dr Ishrat-ul-Ebad Khan here on Thursday. Speaking on the occasion, the education minister said that provincial government was going to set up Sindh Education Commission, as the Higher Education Commission was going to be dissolved. He said that provincial government would present the bill in the provincial government for the set-up of this commission. He said that the provincial autonomy was the dream of the masses, while the democratic government had realised the dream. The Higher Education Commission (HEC) has given a grant of Rs 700 million to NED University, while an amount of Rs 978 million is demanded of the university. As per the NED Officials, The HEC grant is not sufficient; the university has planned to bring the university out of this deficit of Rs 95 million by getting control over the expenditures of the varsity. The expected income is Rs 1,275 million. Last year Rs 1,227 million was the approved budget with deficit of Rs 1.9 million that was converted later into Rs 1.3 million profits. The university demanded for an annual grant of Rs 540 million while HEC is committed to give Rs 622 million. The expected income is Rs 814.562 million. The university demanded of the Higher Education Commission an annual grant of Rs 540 million while HEC is committed to give Rs 622 million. The expected income is Rs 814.562 million. NED University Vice Chancellor Engineer Abul Kalam has presented the highlights of annual report 2010-11. He said that currently the university had 74 Ph.D. faculty members, while this figure was 42 in 2007-08. He said, NED has expanded disciplines as well as increased both undergraduate and postgraduate programmes. The overall enrolment at the varsity is 8,243 while it was 6,700 in 2007-08. Around 111 Ph.D. scholars are working in other universities of Pakistan as well as abroad. The NED Varsity has spent Rs 344 million on account of development projects, including strengthening of NED University and construction of Academic Block at LEJ Campus. As many as 1,088 candidates are being provided scholarships worth Rs 11.6 million. However, this figure was Rs 6.2 million in 2004-05. It is worth mentioning that under the administration of Engineer Abul Kalam, NED University has increased the departments from five to 23, which shows the commitment and dedication of the current administration towards the development of the varsity. On the occasion, Pro-Vice Chancellor NED University Dr Muzafar Mehmood, Registrar Engineer Jawed Aziz Khan, Dr Sahibzad Rafiqui, Chairman BSEK Anzar Zaidi were also present.