The 31st meeting of the Finance & Planning Committee of Abdul Wali Khan University Mardan (AWKUM) took place on May 31, 2025, under the chairm anship of Vice Chancellor Prof. Dr. Jamil Ahmad. During the meeting, the committee reviewed and discussed the Revised Estimates for the current financial year 2024-25 and the Budget Estimates for the upcoming financial year 2025-26.
Key agenda items included the procurement of Enterprise Resource Planning (ERP) solutions in line with Higher Education Commission (HEC) guidelines and the implementation of an e-filing system at the university. Additionally, the committee deliberated on allocating funds for solarization initiatives and examined revenue streams, including HEC grants, provincial government grants, and the university’s own source revenue. The meeting also addressed the financial challenges faced by the university, particularly pension liabilities, and explored potential revenue models to mitigate these issues.
Furthermore, the committee reviewed and approved the revised Endowment Fund Rules of the university, which involved merging the Student Welfare Endowment Fund and Research Innovation Fund into the Endowment Fund of the University. The revised rules outline the distribution of proceeds towards various activities, including student welfare and promoting research excellence, while also specifying a proportion for reinvestment in the fund.
Moreover, the forum recommended restructuring the faculty composition by abolishing 100 posts of lecturers to create 35 posts of professors and 15 posts of associate professors for both BPS and TTS faculty, aiming to enhance academic excellence.
After thorough discussion, the meeting unanimously recommended the Revised Estimates for the current financial year 2024-25, totaling Rs. 2,794 million, and the Budget Estimates for the financial year 2025-26, amounting to Rs. 3,220 million. These recommendations aim to ensure the university’s financial sustainability and support its academic and administrative objectives.
