5th Finance and Planning Committee (F&PC) met for the fiscal year 2024–25 at Emerson University, Multan under the chairmanship of VC, Dr Ramzan on Saturday MULTAN, (UrduPoint / Pakistan Point News - 29th Jun, 2024) 5th Finance and Planning Committee (F&PC) met for the fiscal year 2024–25 at Emerson University, under the chairmanship of VC, Dr Ramzan on Saturday. The meeting, held to review and approve the financial plans and agendas for the upcoming fiscal year 2024–25 Nadeem Mushtaq, Treasurer EUM presented the agendas while. Registrar Dr.
Muhammad Farooq, Dr. Hayat Awan, Syndicate Member; and Dr. Abdul Mueed, Additional Treasurer; Shafqat and others were ptesent.
Sara Hayat, Additional Secretary HED; Sara Luni, Deputy Secretary Finance Department, Lahore; and Samina Durrani, Director Finance & Planning attended it online. During the fiscal year 2023–24, the total estimated outlay was Rs 855.070 against estimated resources of Rs 912.
991 . However, through strict financial discipline and austerity measures, the revised estimates of expenditure were reduced to Rs 454.754 , and resources were increased to Rs 962.
122 , resulting in savings of Rs 507.368 . Now, for the fiscal year 2024–25, the total outlay is estimated at Rs 1190.
081 mln against total resources of Rs 1493.722 mln. This balanced includes Rs 281.
891 mln for budgetary support for the next financial year, a Rs 5 mln contribution to the pension fund, and a Rs 10 mln contribution to the University Endowment F.
