The Khyber Pakhtunkhwa’s oldest education institution University of Peshawar (UoP) has decided to cut the salaries for some of its employees by as much as 20 per cent.
According to university administration, teachers serving in BS 17-19 will face up to 10 percent salary cut, while salaries of teachers in BS 20 have been slashed by 20 percent cut.
The university administration said that the salary cut will not apply over grade1-16 employees.
Peshawar University had suffered a loss of Rs 400 million due to Covid-19 pandemic. The crisis emerged due to the postponement of examinations and semester fees.
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The teaching fraternity and other employees of the university have already expressed concern over the cut in salaries.
UoP administration officials and knowing about the development said the university approx. 1.2 billion rupees per month in salary and retirement. She added that such high costs are not sustainable, as the number of students applying for admission to the educational institution has steadily decreased in recent years.
In February of this year, the government of Khyber-Pakhtunkhwa (K-P) had to rescue the university and pledged to give 250 million rupees for an injection of emergency money and to prevent economic ruin. However, the government has released only 10 million rupees to the university.
The rescue operation took place after the rector of UoP wrote a letter to the Prime Minister of Khyber-Pakhtunkhwa (K-P) on January 27 for urgent financial support.
It must be noted that the current administration has sought a bailout package from the provincial government a few months back and the government had agreed to issue a grant-in-aid worth Rs 250 million to the university.
Up to Rs 100 million amount has been issued to the university so far, while Rs150 million could not be released to date
