He told the meeting that Rs 1624.7 million have been allocated for development projects. Of the total development allocation, Rs 400 million will be spent on ongoing project of "Enhancement of Research Facilities at Ravi Campus Pattoki", Rs 88.650 million on the ongoing development project of new Para-Veterinary School at Narowal and Rs 847.7 million on University of Veterinary and Animal Sciences at Bahawalpur. He said that Rs 377 million will be spent on two new development projects. Of the two new projects, Rs 200 million have been allocated for "New Academic Block, Students Hostels and Apartments for Faculty" at City Campus while Rs 177 million for "Establishment of Training Centre for Biologics at Ravi Campus Pattoki."
The Vice-Chancellor said that the students' scholarship amount has also been increased to Rs 37.96 million for the 2016-17 from Rs 32.47 million provided in 2015-16. The Vice-Chancellor said that the faculty members are contributing a hefty amount to the university income through their competitive research grants. He said that currently 81 research projects of 879.23 million are being executed by the faculty members they have won from national and international funding agencies.
The syndicate also approved some new undergraduate and postgraduate degree programmes. Approval of house requisition facility for employees of grade 1 to 4 and improving medical facilities for all the lower grade employees was also granted in the meeting.
Earlier, presenting the budget before the Syndicate, Treasurer Muhammad Aslam Pervaiz said that the university expects an non-development income of Rs 1,338.618 from different sources, including 48 percent (Rs 639.511 million) from its own resources, 46 percent (Rs 617.915 million) from the Higher Education Commission while 6 percent (Rs 79.914 million) from the Punjab government). He said that the non-development expenditures are estimated to be Rs 1,377.364 million during the financial year 2016-17, so there is a deficit of Rs 38.746 million. The Vice-Chancellor said that the university will try to meet the budget deficit by generating more income from its own resources.