KARACHI: Pakistan Petroleum Limited (PPL) today partnered with two leading universities, Habib University (HU) and National University of Sciences and Technology (NUST) to provide quality tertiary education to deserving and aspiring youth.
It was in this context that Managing Director (MD) and Chief Executive Officer (CEO) of PPL, Syed Wamiq Bokhari presented cheques of Rs. 16.8 million jointly to Pro-Rector Academics NUST Air Vice Marshall Dr. Asif Raza and another of Rs. 5 million to CEO HU Foundation (HUF) Parvez Ghias at the company’s head office.
The company’s grant of Rs. 16.8 million to NUST will cover the expenses for training approximately 320 students, 160 each from Balochistan and Federally Administered Tribal Areas, through a residential programme to prepare for NUST admission test under the mutual NUST-PPL Outreach Programme.
Whereas its donation of Rs. 5 million to Habib University as endowed scholarship will support five deserving students under its Talent Outreach Promotion and Support Programme for one year whereby eligible students go through preparatory training for entrance test at HU and selected, deserving students’ tuition fees and other academic expenses are covered.
General Manager, University Advancement Office, NUST, Maria Qadri and CFO, Habib University, Feroze Cawasji along with other representatives of the two institutions and company officials attended the ceremony. MoU between PPL and NUST was also signed on the occasion.
Relevant pieces published earlier:
i) Chairman of Higher Education Commission (HEC) Dr. Tariq Banuri Thursday said all the reforms and policies in higher education will be implemented after thorough deliberations with an active involvement of concerned stakeholders especially university faculty. He expressed these views during a meeting with a delegation of Federation of All Pakistan Universities Academic Staff Association (FAPUASA) and Working Group on Higher Education Reforms, a press release said. The delegation, which called upon the newly appointed HEC chairman comprised of President Dr. Kaleemullah Bareach, Dr. Shehzad Ashraf, Dr. Ashfaq Khosa and Murtaza Noor. The delegation greeted Dr. Banuri over his appointment as 4th chief of HEC through the transparent and merit-based selection process and assured full cooperation in addressing the challenges being confronted by higher education sector in Pakistan. Speaking on the occasion, Dr. Banuri said multiple challenges of higher education sector could only resolve through close coordination and effective liaison with the concerned stakeholders. He said the role of HEC was a facilitator, while universities were autonomous, adding that the HEC would play its role for capacity building of varsities and extend more autonomy to varsities. Dr. Kaleemullah discussed the Senate resolutions on an enhancement of retirement age to 65 years for university teachers and a 75 percent tax rebate for university teachers. Dr. Banuri assured his full support in this regard.
ii) PM appoints Tariq Banuri as HEC chairman, Prime Minister has appointed Dr. Tariq Banuri as new HEC Chairman, a post that remained vacant following lapsing of Dr. Mukhtar Ahmed’s 4-year-term on 14thA six-member committee comprising former health minister Dr. Sania Nishtar, former lawmaker Shahnaz Wazir Ali, educationists Faisal Bari, Mirza Qamar Baig and Syed Babar Ali and federal secretary education, after much deliberation presented four names to the PM. Other three names were: former vice-chancellor of Islamia University Bahawalpur Dr. Muhammad Mukhtar, Iqbal Chaudhry and Anwarul Hasan Gilani. Dr. Tariq Banuri, a Utah University professor, holds a Ph.D. degree in economics from the Harvard University and MA in development economics from the Williams College. Dr. Banuri, who commenced his career as a civil servant joined UN as a research fellow at the World Institute for Development Economics Research (WIDER). Armed with the WIDER model Dr. Banuri successfully set up Islamabad’s Sustainable Development Policy Institute as its Executive Director. He has also served as a member of the board of governors of Pakistan’s central bank, member of Pakistan Environmental Protection Council, and member/secretary of the Presidential Steering Committee on Higher Education, as well as coordinating lead author of the Nobel Prize-winning Inter-governmental Panel on Climate Change (IPCC). Dr Banuri who has recently worked as a director at UN’s Division for Sustainable Development at authored twenty books and thirty research papers. (29th May 2018)
Public sector net lending hits record high in 2017
SEOUL: South Korea’s public sector net lending hit a record high last year, thanks to a robust gain in tax revenues, data showed Friday.
Net lending, which refers to total revenue minus total expenditure, came to 53.7 trillion won (US$48.36 billion) in 2017, up from the previous year’s 47.7 trillion won, according to the data by the Bank of Korea (BOK). This is the highest annual net lending since the central bank began compiling statistics on the public sector account in 2007. It is also the fourth consecutive year that the country’s public sector balanced stayed in the black.
Total revenue in the public sector grew 5.7 percent on-year to 815.0 trillion won in 2017, while total expenditures advanced 5.3 percent on-year to 761.3 trillion won, the data showed. Both revenue and expenditure reached an all-time high. “The record net lending is attributable to a solid growth in tax revenues and ample social security funds,” BOK official Kim Seong-Ja said, noting that tax revenues jumped by 27.9 trillion won to 348.6 trillion won last year.
Central government posted a deficit of 3.7 trillion won in 2017, down from a 12.5 trillion won loss the previous year, and local governments logged a combined surplus of 9.3 trillion won, according to the central bank. The public sector deficit in South Korea accounted for 3.1 percent of the nominal gross domestic product (GDP) in 2017, which is a bit higher than in major countries such as Switzerland, Britain, Australia, and Japan, the data showed.
Pak-Austria joint academic linkages
ISLAMABAD: Pakistan and Austria on Thursday stressed the need for initiating joint academic & research linkages to promote education sector.
This was decided during a meeting held here in which Dr. Brigitta BLAHA, Ambassador of Austria to Pakistan was called on Prof Dr. Tariq Banuri, Chairman Higher Education Commission (HEC), a press release said.
The meeting was also attended by the Prof Dr. Arshad Ali, Executive Director, HEC. Welcoming the ambassador, the Chairman HEC emphasized that international collaboration in the education sector is a blueprint for economic stability and social development.
He added that several Pakistani Higher Education Institutions have an encouraging history of academic collaboration with Higher Education Sector in Austria and assured that Pakistan and HEC would create further opportunities for beneficial academic collaboration between two countries.
Dr. Banuri explained that resurgence of Pakistani higher education sector over a short span of 15 years under the umbrella of HEC is a well-acknowledged reality and have become possible because of unrelenting resolve and support of the Government of Pakistan. He also highlighted that the Pakistan Vision 2025 has added new dimensions into the reforms process of the higher education sector of Pakistan.
Dr. Banuri expressed his commitment to adopt a wholesome approach for advancement in all areas of the higher education sector including human resource development, promotion of basic & applied research, establishing University-Industry Linkage, encouraging entrepreneurial culture, quality education, physical and technology infrastructure development and international collaboration.
30,918 educators to be trained
LAHORE): As many as 773 educationist and experts will impart training to 30,918 educators under the aegis of the Punjab School Education Department from 22nd June 2018.
The Punjab School Education Department sources told APP on Wednesday that the two-day training would be imparted to educators who had been selected recently.
They said in this connection the Quaid-e-Azam Academy for Educational Development (QAED) had issued schedule for the training.