University of Engineering and Technology (UET) Lahore syndicate's meeting presided over by Vice Chancellor Prof Dr Syed Mansoor Sarwar approved Rs4.482 billion budget with deficit of Rs 261.186 million for the year 2019-20. Chairing the 3/2019 syndicate meeting, VC UET Lahore briefed regarding budget item-wise. The treasure UET further explained that a sum of Rs4.304 billion has been allocated for development projects. That includes Rs3.804 billion for establishment of Sub campuses and Rs500 million for strengthening of UET Lahore campus.
In order to facilitate students, UET approved funds of Rs 100.964 million to its students in terms of scholarships, student affairs, career counseling and other activities. On the directions of vice chancellor for increasing UET's international ranking and socio-economic impact research, the UET Syndicate increased research funding and allocated a huge amount of budget for research of young PhD and teachers. The budget 2019-20 also includes increase in salaries, pensions and publications. It was further explained that deficit will be meet by generating more income from its own sources. In the meeting many other academic matters were discussed, and the recommendation of Academic Council and Selection Board was approved.