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(VIDEO AND TEXT) VC Altaf Hussain all set to transform FUUAST into a world-class university!

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M. M. ALAM

KARACHI: Venue was the Federal Urdu University of Arts, Science and Technology (FUUAST) where journalists from all over the Metropolis converged to be part of a Presser addressed by the recently appointed (on 7th of December, 2017) Vice Chancellor Professor Dr. S. Altaf Hussain.

Speaking on the occasion he drew a parallel between a Mosque and a University and held that both should be equally revered.

He said that for him the students’ education and interests were of ultimate importance and any failing in this respect would not be tolerated.

Maintaining that teachers’ job was to edify and concentrate on research work, VC held that it was not appropriate for them to demonstrate on the roads and hold press conferences.

Pointing towards the ongoing agitation by teachers of the University, VC said that there were not more than 15 teachers involved in the manifestation against administration for their own agenda risking the academic future of thousands of the University students.  

Dr. Altaf Hussain, while elaborating that few teachers who are receiving hundreds of thousands of rupees under the tenure track system told that they also wanted to encroach upon the administrative posts instead of teaching.

He told that legally such teachers could not hold any administrative posts.

According to the VC Dr. Hussain due to inappropriate stance of such teachers students are continuously suffering, rate of admission is diminishing and the University is facing financial losses.

He said that as the VC of Allama Iqbal Open University for almost five years he had managed to transform the institution into one of the world’s best universities.

Dr. Altaf Hussain said that he wanted to act in the same dynamic way to ameliorate the standards of Urdu University as well.

He held that fearing the accountability and imminent transformation, ten to fifteen teachers were trying to create hurdles and pressurize the administration in order to protect their own interests.

Vice Chancellor, while warning those involved in politics of severe actions, assured the teachers and non-teaching staff that with their support the university would soon come out of the present tribulations and progress towards a brilliant future.

 

 

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Asia

Public sector net lending hits record high in 2017

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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.

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Education

Pak-Austria joint academic linkages

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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.

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Education

30,918 educators to be trained

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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.

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