The Ministry of Finance has agreed to release Rs 4.6 billion to the Higher Education Commission (HEC) in order to run its scholarship programmes and other projects in the current financial crunch. Official sources in HEC told Business Recorder here on Monday that a meeting was held between the HEC and the concerned authorities of the Ministry of Finance two weeks back where it was agreed that the Ministry would provide Rs 4.6 billion to resolve financial issues being faced by HEC.
"We have not received any letter regarding the disbursement of funds to the Commission by the Ministry of Finance", official sources explained. The World Bank had approved a grant of 300 million dollars in 3 years under World Bank Tertiary Education Support Project (TESP) to HEC. "During a meeting between HEC and the Ministry of Finance it was decided that the total amount of Rs 4.6 billion that would be provided by the Finance Ministry would include funds from the World Bank too", official sources added.
The federal government under the 18th amendment intended to devolve HEC but after a hue and cry was raised by the opposition parties, vice chancellors (VCs) of the universities as well as civil society in favour of keeping it in the centre the government was forced to backtrack.
The Finance Ministry will release funds subsequent to the short order of the Supreme Court in which it directed the government not to devolve HEC's responsibilities without bringing in new legislation, an official of HEC revealed. He said that those students who have gone for higher studies abroad through HEC funding are getting the scholarship amount on a regular basis while HEC was facing financial problems in sending the new selected students on merit scholarships abroad.
According to sources, the total allocated budget for HEC for the current fiscal year 2011-12 was Rs 40 billion including recurring budget of Rs 26 billion and development budget of Rs 14 billion; but if the Commission completes all its ongoing projects then it would require Rs 53.11 billion for the current fiscal year and, according to an estimate, the financial requirement for the Commission would be around Rs 62.28 billion for 2012-13, Rs 70.55 billion for 2013-14 and Rs 81.99 billion for 2014-15 while for the financial year 2015-16 the requirement might reach Rs 91.38 billion.
According to a recent international human development report released by the United Nationals Development Programme (UNDP), Pakistan's adult literacy rate in the second half of the last decade was 55 percent, a far cry from the 74.04 percent in neighbouring India while the report ranked Pakistan in terms of adult education at 145 out of 187 countries examined, lower than India, South Africa, Bhutan, Uzbekistan, Kyrgyzstan, Tajikistan, Indonesia, and even Palestine and Iraq.
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