SIFC ordered budget cut imperils higher education institutions, warns education minister

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First meeting of the SIFC Executive Committee at the SIFC Secretariat presides by Ahsan Iqbal, Federal Minister for Planing & Development. — APP/File
First meeting of the SIFC Executive Committee at the SIFC Secretariat presides by Ahsan Iqbal, Federal Minister for Planing & Development. — APP/File
  • Financial needs of universities “drastically” increased: minister.
  • Siddiqui seeks NA support for withdrawal of SIFC’s order.
  • Official denies any budget cut decision taken by SIFC. 

Pakistan’s top investment body’s decision to cut state funding by Rs24 billion to public universities threatens the survival of higher education in the country, said the newly-appointed minister for federal education.

On Monday in a question and answer session in the National Assembly, Khalid Maqbool Siddiqui, the minister for federal education and professional training, was asked when the budget for public sector universities will be increased.

In a written response, the minister explained that funds allocated by the federal government to public universities in Islamabad and the provinces has remained stagnant at Rs65 billion since 2018, even when the financial needs of universities have “drastically” increased against the allocated money, from 21% in 2018-19 to 45% in 2023-24.

Not only have grants not been boosted in the last six years, but the minister tells the lower house of the parliament that the Special Investment Facilitation Council’s (SIFC) decision on November 16 to further slash state funds to already cash-strapped universities is a serious risk to higher education.

“In the current financial situation, the SIFC decision dated 16-11-2023 of reduction in federal allocation to provincial universities by Rs24 billion poses a severe threat to the survival of public sector higher education institutes,” the minister states.

He then appeals to the National Assembly to support his request for a withdrawal of the SIFC’s order, as well as demand an increase in federal aid to public universities, which he adds is in the best interest of the younger population and the socio-economic development of the country.

“The annual recurring demand for the financial year 2024-25 of public sector universities has been submitted to the federal government at an outlay of Rs125 billion,” he wrote in his reply.

The SIFC is a high-powered government body set up in June last year to attract foreign investments, particularly from Gulf nations. The body has both civil and military representation, including the prime minister and the chief of army staff.

However, Jameel Qureshi, the Islamabad-based secretary of the SIFC, denies that any budget reduction decision was taken by the investment body last year.

“SIFC has nothing to do with educational budgets,” Jameel told Geo.tv, over the phone, “I don’t know where this news is coming from.”

He added that recently the federal government did make “some cuts” in the government-bankrolled projects of the public sector development programs (PSDP), which were still in the planning stages, but these cuts were not specific to the education sector.

Qureshi further rubbished claims that the SIFC was drafting a new education policy for the country.

“SIFC is involved in education curriculum only to the extent of technical education to improve our skilled labour,” he said, adding that the export of highly skilled workforce will help Pakistan with remittances as well as bring the manufacturing industry to the country.


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