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KARACHI, Nov 10 (APP):Vice Chancellor of the University of Karachi Professor Dr Khalid Mahmood Iraqi emphasized that the success of universities is built upon two fundamental pillars: academic advancement and financial stability.
He mentioned that without these elements, sustainable progress in any educational institution is unattainable.
He shared that the University of Karachi has introduced a fee tracking system to improve financial management, which has yielded highly positive results.
He shared that through this system, the KU has collected Rs500 million as outstanding and semester fees in just one semester — a significant milestone in strengthening its financial position.
He expressed these views while addressing the Annual Function organized by the Karachi University Teachers’ Society at the KU’s Sheikh Zayed Islamic Research Centre Auditorium on Monday.
He noted that previously, many students paid fees at the time of admission but failed to complete payments even after obtaining their degrees, resulting in substantial financial losses for the KU.
He mentioned that the establishment of the Students Fee Tracking Cell has curbed this trend, ensuring a transparent and efficient fee collection process.
KU VC Professor Dr Khalid Iraqi stated that the meeting of statutory bodies’ likes selection boards, syndicate, and academic council sessions are now being held regularly and consistently at the University of Karachi to maintain transparency and continuity in administrative and academic affairs.
He said that the University of Karachi has entered an era where equal attention is being given to both academic standards and financial governance — a promising sign for the institution’s bright future.
On this occasion, the former KU VC and Professor Emeritus Professor Dr Zafar Saeed Saifi shared that his association with the University of Karachi spans nearly 64 years.
He mentioned that he is among the fortunate few who had the opportunity to see and hear Quaid-e-Azam Muhammad Ali Jinnah in Karachi soon after independence.
Dr Saifi recalled that the Father of the Nation Quaid-e-Azam Mohammad Ali Jinnah emphasized the importance of education and hard work.
He remarked that Western nations recognized the value of education and acted upon it, establishing institutions of high-quality learning and research.
He concluded that had we adhered to Quaid-e-Azam’s principles, we would be standing shoulder to shoulder with the developed nations today.
Another former KU VC Professor Emeritus and Professor Dr Muhammad Qaiser, reiterated that a university’s identity is defined not by its buildings or infrastructure, but by its faculty.
He praised the University of Karachi’s dedicated and capable faculty, whose academic and research contributions have elevated the institution’s reputation.
Earlier, President of the KUTS Dr Mohsin Ali presented the annual performance report, stating that the society has served all faculty members without discrimination.
On this occasion, Professor Dr Muhammad Qaiser and Professor Dr Zafar Saeed Saifi were presented shield to acknowledge, recognize and celebrate their title of Professor Emeritus. Shields were also presented to faculty members who completed their PhDs in 2025, those who retired, newly appointed faculty, and authors of academic books.
The event was hosted by Dr Maroof Bin Rauf while the vote of thanks was delivered by Syed Ghufran Alam.