THIS is with reference to the report `Three universities in Islamabad in dire financial straits` (March 5). The financial struggles of federally chartered universities demand immediate attention from the higher authorities.
Financial stability is a fundamental requirement of any institution in order to function effectively, both operationally and strategically. Unfortunately, universities have been facing liquidity challenges for a long time, which threaten their ability to fulfil their academic mission.
It is imperative to address the crisis through a two-pronged approach: first, universities should actively develop revenue-generating programmes to reduce dependence on externalfunding; second, the Higher Education Commission (HEC) must step in with increased financial support to ensure sustainability.
Effective leadership plays a crucial role in navigating financial difficulties.
While creating new revenue streams, the universities should implement prudent cost-cutting measures to eliminate avoidable expenses.
Educational institutions are the backbone of a nation`s progress and development. Their continuity and financial wellbeing should never be compromised.
We must ensure that financial constraints do not hinder core academic and research objectives.
Finally, institutions need to focus on mitigating financial problems proactively rather than merely reacting to crises.
The authoritiesconcerned should take a swift and decisive action to secure the future of higher education in Pakistan.
