Directive Issued
The Directorate of Colleges Education for the Karachi Region has officially prohibited all colleges in the city from accepting cash payments from students. This directive aims to enhance financial transparency and reduce the risk of misappropriation of funds.
Background Incident
This decision follows a recent incident where a superintendent at the Government Degree College for Women Nazimabad absconded after allegedly embezzling over Rs900,000 collected as examination fees from 81 female students. The principal has lodged an FIR, and investigations are ongoing.
Implementation Measures
Colleges are now required to implement non-cash payment methods, such as bank transfers or digital payment systems, to collect fees. This move is expected to create a more secure and accountable financial environment within educational institutions.
Impact on Stakeholders
Students and parents are advised to familiarize themselves with the new payment procedures to ensure timely fee submissions. Educational institutions are also encouraged to provide clear guidelines and support to facilitate this transition.
Related Developments
In a related context, the University of Karachi is grappling with a significant financial crisis, with unpaid fees amounting to Rs. 2.1 billion over the past four years. This situation highlights the broader challenges faced by educational institutions in fee collection and financial management.
