Islamabad: The Federal Minister for Finance and Economic Affairs Dr. Abdul Hafeez Shaikh said that government has done its best in terms of financing the HEC and has provided more than Rs. 160 billion for Higher Education in this year. The Federal Minister said this while addressing the 10th Vice Chancellors Committee Meeting here in Islamabad.
Responding to the theme of 10th Vice Chancellor meeting “How can we sustain our organization, financial sustainability, identification of resources and its mobilization” he said that the public private partnership is a good development of this era, which is giving boost to higher education and academic institutions.
The growth of private universities and other academic institution in the country is a positive development, which is flourishing the higher academia in the country as well as creating more avenues for the job arrangements of literate people.
The Minister further said that despite our frozen fiscal expenses, government’s extension of funding to the higher education indicates the seriousness and sincerity of the present government about the development of education sector in our society and not only this government is committed to provide further funding to higher education and the higher educational centres must strive themselves to develop and generate their own revenues for resource generation.
The Minister also emphasized on the linkages of higher education produce with industry and market. He said that the higher education in any society is a merit good, and its acquisition is fruitful to the whole of society. And in this regard, the Higher Education Commission is rendering marvellous services which should be applauded and appreciated, he said.
He also pointed that enrolment for higher education in Pakistani universities has been increased from 3% to 8 % because of the growth of public universities and their overall demand in the society for education and better learning institutions.
Regarding the infrastructure development of the higher education institutions, he stressed the use of available resources in optimum way so that it could reduce financial burden on national exchequer.
He also advised to match the academic syllabi according to contemporary trends so that it could ensure the job opportunities for our young generation and equip skill along with awarding degrees.
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