ISLAMABAD: The government has allocated Rs 21486.487 million for the Higher Education Commission (HEC) for the Fiscal Year 2016-17 in the Public Sector Development Program (PSDP).
According to budgetary document released on Friday, a total amount of Rs5426.631 million has been earmarked for the new schemes of the HEC while Rs 16059.856 million would be spent on the ongoing schemes.
The allocated amount for the new important schemes included Ph.D Scholarship Program under Pak-US Knowledge Corridor phase 1 with total funding of Rs 300 million while Rs 297.981 million has been earmarked for Strengthening & Up gradation of the Universities of Less Developed Areas.
An amount of Rs 200million has been allocated for the Women University Campuses at Pashin and Khuzdar.
The ongoing schemes of the HEC included Establishment of FATA University for which Rs 250 million has been earmarked while Rs350 million would be spent on the establishment of University of Loralai Rs 50 million allocated for establishment of University at Sibi Balochistan.
A sum of Rs 500 million has been earmarked for the Fulbright Scholarships Support Program of HEC USAID Phase 2 while Rs 900 mln would be utilized for Indigenous PhD fellowship for 5000 scholars HEC phase 2.
A sum of Rs 105 mln woul dbe spent on provision of funds to the students from FATA and Balochistan students for higher education.
An amount of Rs 70 mln would be utilized for theUpgradation of the Federal Government College for Women F 7 2 toFederal Women University Islamabad.
Courtesy : TheNews