The Sindh University syndicate has approved and recommended the Senate the recurring budget estimated for the year of 2012-2013 as Rs 3058 million with a deficit of Rs 631.264 million and resolved to write the Higher Education Commission to release of funds for the year 2011-2012 funds to overcome the deficit.
The syndicate also approved the revised budget estimated for 2012-2011 as Rs 2760.365 million with deficit of Rs 38.974 million. The estimated budget was approved by 182nd meeting of syndicate chaired by Vice Chancellor Professor Dr Nazir A Mughal.
Director Finance Mushtaq Ahmed while briefing the meeting about recurring budget in the light of recommendations of Finance Planning Committee (FPC) informed that for the year 2012-2013 estimated income is Rs 2427.228 million and estimated expenditure is Rs 3058.492 million. He informed that under revised budget for the year 2011-2012 estimated income is Rs 2721.391 million and expenditure estimates are Rs 2760.365 million. The meeting syndicate approved to initiate economic measures and also different projects to help in generating of funds for overcoming the deficits.
It also approved to constitute a six member committee to rationalise the expenditures. The meeting also approved the up gradation and creation of teaching and administrative posts at the university and its campuses. The meeting approved the up gradation of 326 posts of clerk-cum typist from BPS-7 to BPS-11/12 and Superintendent of BPS-16 to BPS-17. The meeting also approved the site of land processed for purchase from the Government of Sindh for allotting residential plots to the employees under 3rd phase.