University of Peshawar faces financial crisis

PESHAWAR: The University of Peshawar is currently facing a severe financial crisis, raising concerns about its ability to fulfill its commitment of paying employee salaries for the upcoming month of August.

According to a letter written by Vice Chancellor Professor Jahan Bakht, the university finds itself in urgent need of a staggering Rs320 million. Without this it will not be able to meet its financial obligations in the immediate future.

Out of this sum, Rs200 million is earmarked for employee salaries and Rs35 million to cover mounting electricity bills. The university’s financial woes extend to pension payments, necessitating Rs100 million. An additional Rs20 million for various other expenses is also required.

Failure to secure these essential funds could potentially put the livelihoods of university employees in jeopardy. There is an ever-growing concern about the potential impact on staff.

However, Professor Jahan Bakht has taken proactive measures to address this pressing issue. With his efforts there is optimism that the funds will be secured in due time.

As he works to secure funding, the University of Peshawar is aiming to swiftly navigate through this challenging financial period and ensure a stable future for all its stakeholders.

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