Pakistan Budget 2024 Major Funding for Higher Education Initiatives

According to the budget document, around Rs.41,871.792 million has been earmarked for the ongoing schemes and Rs18,128.208 million for the new schemes.

Among the ongoing schemes, an amount of Rs. 900 million is allocated for the Award of Allama Muhammad Iqbal 3000 scholarships to Afghan students (Prime Minister’s Directive), while Rs 450 million has been reserved Construction of Academic Block, Shaheed Zulfiqar Ali Bhutto Medical University (SZABMU), Islamabad (Revised).

Similarly, Rs 400 million each was allocated for the development of the Main Campus, Bacha Khan University, Charsadda, and the development of the National University of Medical Sciences (NUMS), Rawalpindi (Revised).

Furthermore, Rs 400 million have been reserved for the establishment of the Campus of Government College University, Faisalabad at District Chiniot (to be revised), Rs 500 million for the establishment of Kamyab Jawan Sports Academies (High Performance & Resource Centers) and Youth Olympics – HEC, Rs 500 million for the establishment of University of
Baltistan at Skardu – (Revised).

An amount of Rs 759 million has also been allocated for the Fulbright Scholarship Support Program HEC-USAID (Phase-III), while Rs 3890 million is reserved for Overseas Scholarships for MS/M. Phil leading to Ph.D. in selected fields (Phase III) – HEC (Revised), Rs 3000 million allocated for Ph.D Scholarship Program under Pak-US Knowledge Corridor (Phase-I)-(Revised). It is worth mentioning here that Rs 100 million has been allocated for the establishment of the Institute of Sports.

Among new schemes, the government has allocated Rs. 10,000 million for the Higher Education Development Programme of Pakistan (HEDP)-(Revised), while Rs 6000 million is allocated for the Prime Minister’s Laptop Scheme.

Similarly, Rs 30 million for PM’s Youth Internship Program, and Rs 100 million for the establishment of the Manufacturing Technology, Automation and Innovation Center.