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Meeting to review progress on endowment fund for the admission and support of merit based students in higher education in different universities

Caretaker Chief Minister of Khyber Pakhtunkhwa Justice (R) Dost Muhammad Khan presided over a meeting to review progress on endowment fund for the admission and support of merit based students in higher education in different universities. The meeting took place in the Chief Minister Secretariat Peshawar approved 10% rise in the endowment fund. The meeting was also attended by Caretaker Minister Finance Abdul Rauf Khattak, administrative secretaries Higher education, Finance, Principal Secretary to Chief Minister and others. Addressing the meeting Caretaker Chief Minister directed to cut down the unnecessary non developmental expenditure drastically and the expenditure incurred thus should be diverted to the promotion of education, efficient health delivery and productive sectors of the province. We should spend on human resource development and encourage our youth to the productive sectors in order to promote the culture of self generating resource in the open market. He had cut down the Chief Minister Secretariat’s expenditure by 90%, setting an example before others departments to follow, he added. The resources which kept on going waste should be spent on the deserving poor getting higher education on merit. He said the efficient utilization of resources and initial investment in the research would set the ball rolling for future development. The endowment fund and the accessibility to the fund by the poor on merit should be visible that will go a long way in promoting both discovery research and digitalized research and that would earn billions. This would accelerate the pace of development; the efficient youth will also earn and in return will bring overall prosperity for the society, he added. Dost Muhammad Khan said we have to tap and exploit all out resources to enhance our resource generation base as at the moment there was a tremendous pressure on our existing resource base. We have to encourage the youth to productive and self resource generating process and enhance our dependence on the promotion of private sector for more jobs. He said that this province needed to expand its resource generation gap through tax collection. The department should encourage the tax collection and filter all steps obstructing the revenue generation process. He said that population explosion is a major threat to the Pakistani society therefore the Ulema and opinion leaders should come forward and play an effective role for the family planning. Mr. Dost Muhammad Khan directed to bring amendment to certain sections of the endowment fund act in order to clear the ambiguity so that the endowment fund process runs smoothly. We can progress through research based education as we are far below the average. We need to mainstream the poor intelligent youth, creates space for them in education and other sectors and discourage the usurpation of rights of the poor. The scholarship would encourage the students to concentrate on their studies.