Khyber Pakhtunkhwa (KP) Governor Ghulam Ali says a financial crisis has affected approximately 20 universities in the province. This crisis has raised significant alarm bells regarding the stability of higher education institutions in the region.
Among the universities struggling with severe financial difficulties, Engineering University and Technology Peshawar stand out, reporting a substantial loss of over Rs 9.77 million, as confirmed by official documents. The University of Peshawar is also grappling with financial challenges, disclosing an annual deficit of Rs 4.67 million, according to the Governor’s statement.
However, the crisis is not limited to these institutions alone. The Gomal University in Dera Ismail Khan is facing an annual loss of Rs 43.4 million, while the University of Agriculture in Peshawar has reported a deficit of Rs 18.77 million. Additionally, Bacha Khan University in Charsadda is dealing with a shortfall of over Rs 30 million, Swabi University has reported losses amounting to Rs 15 million, and Benazir University in Shringal is struggling with Rs 7 million in losses.
Governor Ghulam Ali has acknowledged the seriousness of the situation and expressed the government’s commitment to resolving the financial crisis affecting these universities. He noted that excessive recruitment in some of these institutions had contributed to their deteriorating financial health, highlighting a need for comprehensive solutions to address the issue.