Kohat varsity budget approved

PESHAWAR: Governor Iqbal Zafar Jhagra presided over the 5th Senate meeting of Kohat University of Science and Technology on Monday here at Governor’s House Peshawar.Besides others, provincial Education Minister Mushtaq Ahmed Ghani, vice-chancellor, secretary Higher Education, secretary Finance and members of the senate were also present.

Action taken on minutes of the previous meeting, research projects, performance of the University, KUST annual report for the year 2016-2017, financial statements of accounts, management letters and budgets estimates for the year 2018 and 2019 were discussed in the meeting.

On the occasion, governor said the research work should be promoted as it is becoming necessary in this era of development. Moreover, he added “any delay on part of educational system will not be tolerated”. He added students are an asset to the nation and educational system based with transparency and merit can bring about a positive change in society.

The senate approved the annual budget of the university for fiscal year 2017-18.The senate also approved to add 10 percent of the surplus budget to the Pension Endowment Fund.A committee was constituted in which representation from Higher Education; Finance and university was ensured to approve statutes.