FAISALABAD March 8: The University of Agriculture Faisalabad Senate has approved Statement of Account for the financial year 2021-22 worth 5.335 billion and revised estimates worth 8.52 billion for the financial year 2022-2023. The meeting was presided over by UAF Vice Chancellor Prof Dr Iqrar Ahmad Khan as the Governor’s nominee. Registrar Tariq Mahmud Gill presented the proposals before the meeting while Treasurer Umar Saeed Qadri presented the budget. Prof Dr Iqrar Ahmad Khan apprised the House that the despite the scarce financial resources, the university always remains within its cash flow and close its books in positive. He elaborated that more than 7,000 students were being annually financially supported with an annual turnover of Rs 1 billion. He said that the university was also providing free education to the disabled students and Balochistan nominees as per directives of the Government of the Punjab. The House appreciated the Vice Chancellor for his excellent academic, administrative and financial management He informed the House that the university, being the mother of all agricultural institutions, was taking all possible measures to ensure food security with tangible research work, trained manpower and outreach services. He said that the agriculture sector was the lifeline for the country to alleviate poverty and to earn the forex after meeting our needs. He said that with the increasing population and climate change challenges, it is the need of the hour to adopt the latest technologies to increase the per acre productivity. He thanked the Punjab Government for the establishment of a new hostel for 1000 girls. He added that the university in collaboration with Washington State University has developed the new lines of the wheat keeping in view the climate changes and to raise productivity.