UoS has Rs4b surplus budget

1409

Sargodha

The syndicate of the University of Sargodha (UoS) has approved over Rs 4 billion surplus budget for fiscal year 2019-20 at a time when public sector universities are grappling with financial crunch. The budget was approved during the third syndicate meeting of the year held under the chairmanship of Vice Chancellor Dr Ishtiaq Ahmad. Out of total budget, Rs 339 million would be spent on development projects whereas Rs 3.7 billion had been allocated for recurring expenditures. The UoS said the budget also included Rs 10 million for installing solar power generating system in the Central Library. The body has increased allocation for research by 51 percent. In the last budget, an amount of Rs 33 million was allocated for research which has now been increased to Rs 50 million.—APP