ISLAMABAD Varsities, Public sector universities are facing shortage of funds in meeting their recurring and development expenditures as the government has not released to them the promised grant of Rs7.1 billon, Dawn has learnt.
As a result, the management of some of the universities approached banks to get loans, sources said.
It may be mentioned that 67 public sector universities in Islamabad, Punjab, Sindh, KP and Balochistan are operating under the Higher Education Commission
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