Delay in the release of allocated funds of Rs12 billion, including recurring and development budget, has brought most public sector universities on the verge of closure.
According to sources, as per budget allocations and commitment by the federal government for the financial year 2011-12, the last quarter installment of Rs12 billion could not be released by the Ministry of Finance so far. Only an amount of Rs25 million has been received by the HEC this week against the demand for
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