HEC to Benefit from Rs 60,000 Million Allocation in Budget
News Desk
Islamabad: The Federal Government has allocated Rs 60,000 million under the Public Sector Development Programme (PSDP) for the Higher Education Commission (HEC) during the fiscal year 2024-25.
This allocation covers 141 ongoing and 19 new schemes.
According to the budget document issued on Wednesday, Rs 41,871.792 million has been earmarked for ongoing schemes and Rs. 18,128.208 million for new schemes.
Among the ongoing schemes, Rs 900 million is allocated for the Award of Allama Muhammad Iqbal 3000 scholarships to Afghan students (Prime Minister’s Directive), while Rs 450 million are reserved for the construction of the Academic Block at Shaheed Zulfiqar Ali Bhutto Medical University (SZABMU), Islamabad (Revised).
Additionally, Rs 400 million each are allocated for the development of the Main Campus of Bacha Khan University, Charsadda, and the development of the National University of Medical Sciences (NUMS), Rawalpindi (Revised).
Furthermore, Rs 400 million are reserved for the establishment of a Campus of Government College University, Faisalabad at District Chiniot (to be revised), Rs 500 million for the establishment of Kamyab Jawan Sports Academies (High Performance & Resource Centers) and Youth Olympics – HEC, and Rs 500 million for the establishment of the University of Baltistan at Skardu (Revised).
An amount of Rs 759 million has been allocated for the Fulbright Scholarship Support Program HEC-USAID (Phase-III), while Rs 3890 million are reserved for Overseas Scholarships for MS/MPhil leading to PhD in selected fields (Phase III) – HEC (Revised), and Rs 3000 million are allocated for the PhD Scholarship Program under the Pak-US Knowledge Corridor (Phase-I)-(Revised).
Additionally, Rs 100 million have been allocated for the establishment of the Institute of Sports.
For the new schemes, the government has allocated Rs 10,000 million for the Higher Education Development Programme of Pakistan (HEDP)-(Revised), Rs 6000 million for the Prime Minister’s Laptop Scheme, Rs 30 million for the PM’s Youth Internship Program, and Rs100 million for the establishment of a Manufacturing Technology, Automation, and Innovation Center.
