logo
Sindh: Education allocated Rs613bn

Sindh: Education allocated Rs613bn

KARACHI: The Government of Sindh has allocated Rs 613.36 billion for the education sector in its budget for the fiscal year 2025-26.
According to the budget document, the total education budget includes Rs 524.32 billion for service delivery and Rs. 89.04 billion for development.
The School Education Department will receive funding, including Rs 13.5 billion for the Sindh Education Foundation, Rs 2.5 billion for grants to Deeni Madaris, Rs 1.4 billion for school scholarship programs and Rs 975 million for the NJV School Endowment Fund via Akhuwat Foundation
In the College Education Department, Rs 2 billion has been earmarked for scholarships, while Rs 500 million will fund scholarships for students seeking higher studies abroad.
The Universities & Boards Department will receive Rs 2 billion to cover exam and registration fees for intermediate students (Classes XI to XII), along with Rs 1.2 billion for the Board of Intermediate Education, Karachi. Another Rs 1 billion has been allocated for the establishment of a vocational training centre.
The University of Karachi will receive Rs 3.5 billion, University of Sindh, Jamshoro Rs 3.4 billion, NED University Karachi Rs. 2.5 billion, Mehran University, Jamshoro Rs 2.1 billion, IBA University, Sukkur Rs 1.9 billion, Quaid-e-Awam University and Dow University of Health Sciences, Karachi will received allocations between Rs 1.6 billion and Rs 1.2 billion, respectively.
Copyright Business Recorder, 2025
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

IT minister hails Agri Stack as transformative platform
IT minister hails Agri Stack as transformative platform

Business Recorder

timean hour ago

  • Business Recorder

IT minister hails Agri Stack as transformative platform

ISLAMABAD: Federal Minister for IT and Telecommunication Shaza Fatima Khawaja hailed the Agri Stack as a transformative platform for Pakistan's agriculture sector during her visit to the Land Information and Management System (LIMS) facility. Developed by LIMS as a complete digital ecosystem and e-commerce platform under the Ministry of IT and Telecom (MoITT), Agri Stack aims to modernise agriculture through real-time advisory, land intelligence, and AI-driven solutions. Accompanied by the director general of the Special Investment Facilitation Council (SIFC), the minister reviewed the live demonstration of Agri Stack, which currently serves over two million farmers. The system has already contributed to saving Rs5 billion through automated pest attack mitigation—most notably during the whitefly outbreak in 2023. DG LIMS Maj Gen Muhammad Ayub Ahsan received the delegation, while Dr Col Waqar briefed attendees on the role of LIMS in enhancing food security and transforming land management. Discussions also covered a suite of digital tools including the Pak Sar Zameen Card, a GIS/remote-sensing-based smart card enabling farmers to access land records, subsidies, and agri-advisories. The visit also spotlighted broader initiatives such as promoting tech-based job creation for youth in agriculture, smartphone distribution, improved digital connectivity, and the use of AI for crop yield prediction. A proposal to form a steering group to coordinate and support LIMS in scaling these innovations was tabled during the meeting. Minister Shaza emphasised that LIMS must be fully accessible via smart phones, enabling real-time access to land records and location tracking for users across Pakistan. She highlighted the importance of digital integration in land governance to boost transparency and ease of access. The DG SIFC noted that LIMS reflects the Whole-of-Government approach, jointly driven by the SIFC and Pakistan's Armed Forces, and reaffirmed the Council's commitment to a tech-enabled and sustainable future for the country's agricultural and environmental landscape. Copyright Business Recorder, 2025

PDWP approves six uplift schemes
PDWP approves six uplift schemes

Business Recorder

time2 hours ago

  • Business Recorder

PDWP approves six uplift schemes

LAHORE: The Provincial Development Working Party (PDWP) Punjab for the year 2025-26 on Friday approved six development schemes of different departments' worth over Rs 36 billion. The meeting was chaired by the Chairman Planning & Development Board Punjab Dr. Naeem Rauf which was also attended Secretary P&D Board Rafaqat Ali, Secretary Agriculture Iftikhar Ali Sahoo, members of the P&D Board, and other senior officers. The approved scheme includes Chief Minister's Punjab Hi-Tech Farm Mechanization Financing Program (2025–26 to 2028–29) at an estimated cost of over Rs. 8.826 billion and Agricultural Farm Mechanization Project (2025–26 to 2027–28) at an estimated cost of over Rs. 6.169 billion. The third scheme was Directorate of Provincial Healthcare Service Monitoring & Evaluation System (Revised) at an estimated cost of over Rs. 2.104 billion. Similarly, the PDWP also approved community empowerment and strengthening of healthcare access through Maryam Nawaz Health Clinics (Revised) at an estimated cost of over Rs. 9.360 billion. The meeting also given green signal to chief minister's meal programme for enrolled special students in special education institutions across Punjab at an estimated cost of Rs. 972.584 million. The sixth scheme approved was the Chief Minister's Saaf Pani Program Across Punjab (Phase-I) at an estimated cost of Rs. 9 billion. Copyright Business Recorder, 2025

SECP warns public against investment scheme of ‘MAG Ventures'
SECP warns public against investment scheme of ‘MAG Ventures'

Business Recorder

time2 hours ago

  • Business Recorder

SECP warns public against investment scheme of ‘MAG Ventures'

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has identified a prima facie fraudulent investment/deposit-taking scheme being aggressively promoted by Syed Mohsin Sultan Shah under the name 'MAG Ventures' through various social media platforms. The scheme lures the public with offers of business partnerships in meat exports to Gulf countries, promising guaranteed 'halal' monthly profits ranging from 5% to 12%, allegedly supported by a fatwa. Investment packages range from Rs. 100,000 to Rs. 10 million, with investors being assured security through stamp paper agreements and post-dated cheques. The scheme also claims plans to expand into multiple sectors, including real estate development, supermarkets, automotive trading, cafés, fashion and beauty, Apple product retail, and global operations with a headquarters in Dubai. To create an illusion of legitimacy, Syed Mohsin Sultan Shah has incorporated a company under the Companies Act, 2017 with a similar name, MAG Ventures (SMC-Private) Limited, in the trading sector, along with two other companies: MAG Organic Meats (SMC-Private) Limited and MAG Builders & Developers (SMC-Private) Limited. However, funds are being collected through the bank account of an unincorporated entity, 'Galaxy Traders,' and crypto currency wallets. The SECP strongly warns the general public NOT to invest or deposit funds with 'MAG Ventures,' 'Galaxy Traders,' MAG Ventures (SMC-Private) Limited, MAG Organic Meats (SMC-Private) Limited, MAG Builders & Developers (SMC-Private) Limited, or any other associated entity, as these entities are not authorized to collect deposits or offer investment schemes under any arrangement. The names of these companies have been included in the SECP's List of Companies Engaged in Unauthorized Activities, available on the official SECP website. The matter has also been referred to relevant investigation authorities for further action. The general public is reminded that a Certificate of Incorporation merely signifies the registration of a company and does not authorize it to raise deposits or launch investment schemes. Investors are urged to verify the legitimacy of any investment offer through the SECP's official channels before investing. Copyright Business Recorder, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store