PESHAWAR: The University of Peshawar (UoP) is once again faced with financial crisis it has no funds to pay salaries to its employees for the month of August.

The management of the largest provincial varsity has written a letter to the higher education department, demanding the release of funds by the provincial government to overcome its financial issues.

According to the letter, the university is in need of funds amounting to Rs325 million to settle its financial matters for one month. It said of these funds Rs200 million would be used to pay the salaries of employees, while Rs35 million was required to pay the electricity expenditures.

Moreover, it said the university needed Rs100 million to pay the pension of its retired employees, while Rs20 million were required for meeting miscellaneous expenditures.

According to the acting vice-chancellor of the university, in case of nonpayment of funds, not only the difficulties of the staff would further increase but other matters of the varsity would also be badly affected.

He said the governor, the chief minister and the higher education department had been informed regarding the situation and hoped after the release of funds, these problems would be overcome to a big extent.

Published in Dawn, August 23rd, 2023