UAF NEWS

Financial matter

FAISALABAD January 27, 2023: University of Agriculture Faisalabad Spokesperson Prof Dr Muhammad Jalal Arif has said that due to Covid, floods and the economic crunch faced by the country, the Higher Education Commission financial support is facing the declining trends for universities including UAF. Keeping in view, generation of resources at the local level has become vital. The University utility bill expenditure, which was standing at Rs. 156 million ten years ago, has increased to Rs. 362 million in 2020-21. However, in the financial year 2021-22, the utility bill budget jumped to 100 percent and crossed Rs. 700 million due to increasing cost at national level. Therefore, owing to severe financial crisis, the university Syndicate in September 2022 meeting took a decision of 25 percent increase in fees on the account of utility bills and other rising expenditures whereas tuition fee remain same and is not increased. Last time, the fee was increased in 2019 and it has not been increased for the last three years. In September last year, the increment in fees decision was postponed for a semester due to floods situation and now it is being implemented to run the financial affairs. From this increment the university will get Rs 190 million additionally whereas the expenditures have gone up manifold. The University of Agriculture Faisalabad is providing numerous scholarships to thousands of deserving students from underprivileged background. In 2021-22, as many as 6,645 students benefitted from scholarships worth Rs. 450 million, while the students who are unable to pay the fees on time are being given the facility to pay in installments. He said that at this critical time of financial crunch, we all have to make sacrifices to face the crisis. He said that there are different stages in the life of nations, so as a nation, we have to work together to give opportunities to national institutions for public service. The university administration has requested the parents and students not to be indulged in the propaganda of some people and put the focus on the studies as the educated youth is a guarantee of a bright nation.