Ahsan approves HEC’s development budget worth Rs 45 bn for 2018-19

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ISLAMABAD, Apr 16 (APP):Minister for Planning, Development and Reforms, Ahsan Iqbal on Monday approved allocation of
Rs 45 billion for the development budget of Higher Education Commission (HEC) under Public Sector Development Programme (PSDP) 2018-19 despite HEC’s recommendation to allocate Rs 35 billion
for the upcoming fiscal year.
Chairing a meeting of Annual Plan Coordination Committee (APCC) here, the minister said that in order to compete with the developed nations in higher education, research, science and technology
sectors, it was essential to allocate maximum possible funding.
He said in the current international scenario, it was our national responsibility to move forward in
the realm of knowledge and quality research as we can compete the world only by establishing
knowledge based economy.
The minister directed the HEC authorities to prepare doable projects to ensure more competitive higher education based on modern techniques and technology.
It may be mentioned here that the current government has increased the HEC development budget
by over 135 per cent during previous five years.