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Wednesday 10 July, 2024
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HEC Will Receive More Than PKR 59 Billion for Nationwide Projects

BY Shahzad Saeed Jun 08, 2023. 08:04 pm UPDATED: Jun 08, 2023. 08:04 pm

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The Higher Education Commission (HEC) will receive Rs. 59.7 billion from the federal government as funding for national projects under the Public Sector Development Program (PSDP) 2023–2024.

According to official documents made available to ProPakistani, HEC will carry out a number of projects with approved costs of more than Rs. 406 billion. In the coming fiscal year, the government is anticipated to give HEC Rs. 59.7 billion.

HEC is currently in charge of 165 projects in total, including 26 new ones and 139 ongoing ones. The creation of the National Center for Quantum Computing, the National Center for Manufacturing, the National Center for Brand Development, the Institute of Sports, the National Growth Center, the National Center for Nanotechnology, and numerous other projects are just a few of the new initiatives.

A new campus for the Lahore College for Women University is also being planned for Kala Shah Kaku in Lahore, with a budgeted cost of Rs. 1.77 billion. In the upcoming PSDP 2023–24, it is anticipated that Rs. 100 million will be allocated.

The Bahawalpur Institute of Science and Technology is also being built; the approved cost is Rs. 2.2 billion, and Rs. 300 million is expected to be allocated during the ensuing fiscal year.

Additionally, HEC will receive Rs. 600 million for the National Cyber Security Academy’s establishment, with an additional Rs. 150 million granted in the PSDP 2023–2024. Additionally, the federal government plans to provide NED University Karachi with Rs. 500 million to upgrade its academic facilities.

A scholarship program for Gilgit-Baltistan students will also be started, with a budget of Rs. 648.676 million approved, of which Rs. 120.8 million will be awarded in the upcoming fiscal year.

In addition to these initiatives, HEC is working on a number of other initiatives, including the establishment of scholarship programs for underserved regions and the upgrading of infrastructure in current educational institutions.

Read more: Ishaq Dar, Finance Minister, Unveils Economic Survey for FY23

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