Sunday, August 28, 2011

Khyber Pakhtunkhawa education institutions facing financial crunch



As many as 15 higher education institutions of Khyber Pakhtunkhawa (KPK) have sent letters to the governor informing him about the financial crunch that has made it impossible for the universities to pay 50 percent increase in salaries announced last year as well as the 15 percent increase announced this year.

According to well-placed sources, the higher education institutions of KPK have been intimated that funds related to the 50 percent increase announced last year as well as the 15 percent increase announced this year may not be released after all.

The universities that have written letters to the governor included KP Agriculture University, University of Malakand, University of Peshawar, University of Bannu, Gomal University, Institute of Management Sciences Peshawar, Frontier Women University, University of Swat, Kohat University, Abdul Wali Khan University Mardan, Islamia College University, Shaheed Benazir Bhutto University Sherigal, Khyber Medical University, Hazara University and KP University of Engineering and Technology.

According to information, the universities of KPK are facing liabilities of around Rs1.9 billion in which the impact of 50 percent increase in salaries is around Rs1.3 billion while the impact of 15 percent increase in salaries is around Rs838.377 million.

The break-up of liabilities of KPK universities is as follows: the KPK Agricultural University has a total liability of Rs222.328 million that include Rs119 million impact of 50 percent increase and Rs103 million impact of 15 percent increase. A total of Rs66.640 million is the liability of University of Malakand that includes Rs21.640 million impact of 50 percent increase and Rs45 million is the impact of 15 percent increase. The University of Peshawar has a total liability of Rs575.714 million that includes Rs297 million impact of 50 percent increase and Rs278.338 million impact of 15 percent increase.

The University of Bannu has total liability of Rs59.500 million that includes Rs45 million impact of 50 percent increase and Rs14.5 million impact of 15 percent increase. A total of Rs278.285 million is the liability of Gomal University that includes Rs131 million impact of 50 percent increase and Rs147.285 million impact of 15 percent increase. The Institute of Management Sciences, Peshawar, has a total liability of Rs38.731 million that includes Rs29.528 million impact of 50 percent increase and Rs9.203 million impact of 15 percent increase.

The Frontier Women University has a total liability of Rs25.191 million that includes Rs13.191 million impact of 50 percent increase and Rs12 million impact of 15 percent increase. Rs34.145 million are the total liability of the University of Swat that includes Rs14 million impact of 50 percent increase and Rs20 million impact of 15 percent. The Kohat University has a total liability of Rs143.569 million that includes Rs98.569 million impact of 50 percent increase and Rs45 million impact of 15 percent increase.

No comments: