HEC is short of cash

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Higher Education Commission (HEC) Executive Director Dr Mukhtyar Ahmed said Sunday said that HEC facing difficulties as Rs. 22 billion has not been provided to the commission.

As 22 billion are not issued HEC is facing Problems in development projects and educational funds.

Talking to Online Executive director HEC Dr. Mukhtyar Ahmed said that the commission has been allocated Rs. 62 billion in budget but could get only Rs. 40 billion during last four years.

He said the commission is facing severe problems in the transaction of fee to the students who have been sent abroad on scholarship basis.

Before education formula in 2009 fewer students were given scholarship as HEC is facing problems due to fund shortage.

He said, during 2010 to 2011, 89% funds were issued while in 2011 to 2012 70%, issued in 2012 to 2013 76% issued and during the present fiscal year only RS 5.890 billion  issued out of 18.490 by which development projects could not be completed.