PRESS RELEASE
Date: 4th May, 2023
13TH MEETING OF FINANCE & PLANNING COMMITTEE.
13th meeting of Finance Planning Committee held on Wednesday 4th May 2023 at Dawood University of Engineering & Technology. Meeting was chaired by Prof. Dr. Samreen Hussain (TI) Vice Chancellor Dawood University of Engineering & Technology, Additional Secretary Ministry of Universities & Boards Mr. Abdul Fateh Hulio , Additional Secretary Colleges Mr. Fakir Muhammad Lakho , Deputy Director Finance HEC Ms. Ayesha and Director Finance Sindh HEC Mr. Feroz Mahar have attended the meeting.
The learned Member of Financial Planning committee appreciated efforts of Prof. Dr. Samreen Hussain Vice Chancellor DUET for timely preparing the Revised Budget Estimates FY 2022-23 as well as Proposed budget estimates FY- 2023-24.
The house also applauded the efforts of Prof. Dr. Samreen Hussain Vice Chancellor of Dawood University regarding the proposal of establishing Endowment Fund Trust and draft Trust Deed for DUET Endowment Fund. The policy framework was also endorsed for Group health insurance. The learned members were pleased to know about framing of financial rules for “statement of accounts”, “investment policy” & “capital asset management”. The step of moving to external audit of university funds and RFP to appoint external Audit firm was appreciated and approved to be recommended to Syndicate for subsequent approval. The transfer of funds in account of monetary funds including interest to DUET for the period before 18th amendment and pro rata pension contributions were also brought into discussion by the Vice Chancellor. Members ensured their support and laud the VC for proactive approach and being mindful of the matter and it’s importance even in early days of her appointment.
Learned members of 13th meeting of financial planning committee were generally pleased by the reforms, financial discipline and way forward to mitigate the deficit by Prof. Dr. Samreen Hussain Vice Chancellor Dawood University & her team ensured complete support & faith in the new leadership & her Team , house supported the vice chancellor for her vision for the institution and congratulated her for presiding the 13th Finance Planning Committee meeting as first female Vice Chancellor of any UET in Pakistan.
