GC Women University Faisalabad Finance Decisions

FAISALABAD: The 26th meeting of the Finance and Planning Committee of the Government College Women University Faisalabad approved several important recommendations concerning the university’s financial and administrative affairs.

The meeting was chaired by Vice Chancellor Prof Dr Kanwal Ameen.

ORIC Policy Approved

The committee approved the policy of the Office of Research, Innovation and Commercialization (ORIC) for the promotion of research and commercial activities at the university.

GP Fund Profit Rate, Korean Language Course, Fee Refund Policy

The committee approved the profit rate on the General Provident Fund (GP Fund) of the employees, the financial plan for starting a Korean language course and the adoption of the Higher Education Commission’s fee refund policy.

Bloom Health and Wellness Centre Fee Plans Reviewed

The committee reviewed the proposed fee plans for the services to be provided to students, university employees and the general public under the Bloom Health and Wellness Centre.

Allowances for Heads and Staff Approved

The meeting approved the revised headship allowance for the heads of teaching departments, as well as the new rates of payment to employees from BPS 1 to 16 for performing additional duties.

Participants

The meeting was attended by representatives of the Higher Education Commission Islamabad, the Higher Education Department Lahore, the Finance Department Punjab and the public sector, including MPA Ms Qudsia. At the conclusion of the meeting, the Treasurer thanked the participants.