Lahore: In its 501st meeting, the Syndicate of the University of Engineering and Technology (UET) Lahore approved the university's annual budget of Rs. 8.240 billion for the fiscal year 2026-27. The meeting, chaired by the Vice-Chancellor, also sanctioned salary and pension increases and various development grants aimed at enhancing academic and administrative facilities.
According to University of Engineering and Technology, the Syndicate meeting, attended by key university officials and representatives from the Higher Education Commission and the Government of Punjab, led to the approval of several significant financial decisions. These include the payout of nine months' arrears for ad-hoc relief allowances and pension increments from July 1, 2024, and salary disbursements under the revised Basic Pay Scales 2026, effective from July 1, 2026.
The budget includes increased funding for maintenance of hostels and academic buildings to improve student accommodations. Allocations of Rs. 180 million for chronic disease medicines, Rs. 80 million for laboratory upgrades, Rs. 72 million for need-based scholarships, Rs. 150 million for IT equipment, Rs. 125 million for machinery, and Rs. 65 million for new furniture were also approved. Additionally, Rs. 10 million was designated for participation in the SBIR-Punjab Pilot Trust under the Research Commercialization Fund, alongside support for the Faculty Recognition Policy.
The Syndicate approved the appointment of new faculty members, including 22 Assistant Professors and 18 Lecturers, based on the Selection Board's recommendations, to bolster the university's academic programs. Contract extensions were granted to 20 faculty members and officers following performance evaluations.
Addressing service discipline, the Syndicate reviewed disciplinary proceedings under the PEEDA Act 2006, resolving cases of 11 employees and issuing show-cause notices to 8 employees. The meeting also approved the UET Strategic Plan 2026-2030 and extended provisional affiliations to six colleges.