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VCs for Sindh institutions want Rs. 16 billion from PM Shehbaz to prevent default.

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7 months ago

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Concern over the federal government’s decision to withhold money from provincial institutions—including 29 public universities in Sindh—is expressed in a letter signed by the vice chancellors.

The Higher Education Commission (HEC), which has been closed since 2018, receives about Rs 13 billion from the federal government, according to the Vice Chancellors.

Given the strong returns on investment in education demonstrated by nations like China, Korea, Malaysia, and India, the letter expressed hope that the Prime Minister will take the required actions to stabilize and support universities and other higher education institutions.

Given Pakistan’s current financial crisis, the Vice Chancellors stressed the importance of expanding investment in education, particularly in higher and technical education.

It is important to note that due to significant reductions in federal financing from 65 billion to 25 billion rupees, the Higher Education Commission (HEC) ceased providing money for universities with provincial charters.

The federal government chose to lower the previously allotted 65 billion rupees, despite the HEC’s request for 126 billion rupees to fund 160 universities around the country.

Consequently, states will no longer receive funding from the HEC, and universities will now be dependent on provincial finance sources.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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6 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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6 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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6 days ago

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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