The Next Institute of Science and Technology Act 2025

^{^[1]}THE NEXT INSTITUTE OF SCIENCE AND TECHNOLOGY ACT 2025

(ACT XXX OF 2025)

[2^nd May 2025]

An Act to provide for the reconstitution of the Next Institute of Science and Technology.

It is necessary to provide for the reconstitution of the Next Institute of Science and Technology in the private sector, and to provide for the ancillary matters.

Be it enacted by Provincial Assembly of the Punjab as follows:

1. Short title and commencement.– (1) This Act may be cited as the Next Institute of Science and Technology Act 2025.

(2) This Act shall come into force at once.

2. Definitions.– In this Act:

(a) “Academic Council” means the Academic Council of the Institute;

(b) “Act” means the Next Institute of Science and Technology Act 2025;

(d) “Board” means the Board of Governors of the Institute;

(e) “Chairperson” means the Chairperson of the Board of Governors of the Institute;

(f) “Director” means the Director of the Institute;

(g) “Commission” means the Higher Education Commission established under the Higher Education Commission Ordinance 2002 (LIII of 2002);

(h) “Constituent College” means a college maintained and administered by the Institute;

(i) “Controller” means the Controller of Examinations of the Institute;

(j) “Dean” means head of a Faculty of the Institute;

(k) “Department” means a teaching department maintained and administered by the Institute in the prescribed manner;

(l) “Center” means a teaching or learning center maintained and administered by the Institute in the prescribed manner;

(m) “Faculty” means an administrative and academic unit of the Institute consisting of one or more departments or centers or constituent colleges as may be prescribed;

(n) “Company” means Higher Learning Educational Services (Private) Limited registered/incorporated under the Companies Act (XIX of 2017);

(o) “Government” means Government of the Punjab;

(p) “Head of Department” means the head of a department/center or most senior person eligible to chair the meeting;

(q) “Punjab Higher Education Commission” means Punjab Higher Education Commission set up under the Punjab Higher Education Commission Act 2014 (I of 2015);

(r) “Institute” means the Next Institute of Science and Technology established under this Act;

(s) “Patron” means Governor of the Punjab;

(t) “prescribed” means prescribed by the rules, statutes or regulations made under this Act;

(u) “Rector” means the Rector of the Institute;

(v) “Registrar” means the Registrar of the Institute;

(w) “Schedule” means the Schedule appended to this Act;

(x) “Search Committee” means the Search Committee constituted by the Board to make recommendations for the appointment of the Rector;

(y) “Teacher” includes a Professor, Associate Professor, Assistant Professor or Lecturer engaged whole time by the Institute and such other persons as may be prescribed;

(z) “Treasurer” means the Treasurer of the Institute.

(aa) “Principal” means a Principal of constituent college; and

(ab) “Statutes”, “Regulations” and “Rules” mean respectively the statutes, regulations and rules made under the Act.

3. Reconstitution of the Institute.– (1) The Government shall, by notification in the official Gazette, reconstitute the Next Institute of Science and Technology in the private sector with its main campus located at Multan.

(2) The Institute shall be a body corporate having perpetual succession and a common seal with power to acquire, hold and dispose of property and shall, by the said name, sue and be sued.

(3) The Institute shall consist of the following:

(a) Patron;

(b) Chairperson and members of the Board;

(d) Heads of teaching departments/Centers and Deans;

(e) Principals of constituent colleges.

(f) Members of an Authority;

(g) Teachers and the students of the Institute; and

(h) Officers, officials and members of the staff of the Institute.

4. Functions and powers of the Institute.– The Institute shall:

(a) provide instruction and training in Faculties of:

(i) Faculty of Law; Faculty of Pharmaceutical Sciences; Faculty of Sciences and Information Technology; Faculty of Commerce & Management Sciences; Faculty of Arts and Social Sciences; and

(ii) Such other branches of knowledge and faculties as the Board may determine provided that, where applicable, subject to the approval of the relevant statutory body of a professional education. The Board shall be competent to approve departments, constituent colleges, or institutes comprising of the Faculties of the University on the recommendation of the relevant statutory bodies from time to time;

Provided that Faculties listed above or to be established later on, shall be approved, on the recommendations of Accreditation Committee and where applicable, subject to the prior approval of relevant statutory body of a professional education.

(b) establish, maintain and administer departments, schools, constituent colleges, distance learning study centers, research or study centers, and other facilities including teaching hospitals as the Board may determine from time to time;

(d) prescribe and conduct courses of studies;

(e) decide teaching methods and strategies including online, distance learning education, virtual, on-campus education, etc. in such a manner as prescribed by the Board;

(f) hold examinations in the prescribed manner and, if a person qualifies the examination, award degree, diploma, certificate, and other academic distinction to the person;

(g) prescribe the terms and conditions of employment of the officers, teachers, and other employees of the Institute;

(h) engage, where necessary, a person on contract for a specified duration and specify the terms of the engagement;

(i) establish institute programs for the exchange of students and teachers between the institute and any other university, educational institution, or research organization;

(j) provide career counseling and job-search services to the students and alumni;

(k) maintain linkages with alumni;

(l) develop and implement fund-raising plans in the prescribed manner;

(m) provide and support the academic development of the Faculty of the Institute;

(n) confer degree on a person who has successfully conducted research in the prescribed manner;

(o) accept an examination and the period of study spent by a student of the Institute at any other university or place of learning equivalent to an examination or period of study of the Institute and may withdraw such acceptance;

(p) cooperate with a public authority, university, institution or private organization in the manner and for such purpose as may be prescribed;

(q) create Professorship, Associate Professorship, Assistant Professorship and Lectureship or any other post and appoint a person to the post;

(r) create a post for research, extension, administration or other related purpose and may appoint a person to the post;

(s) award financial assistance to students in need, fellowships, scholarships, bursaries, medals, and prizes in the prescribed manner;

(t) provide for the residence of the students, establish and maintain halls of residence and may approve or license a hostel, lodging or boarding place;

(u) maintain order, discipline and security in the campus of the Institute;

(v) promote the extra-curricular and recreational activities of the students and make arrangements for promoting health and general welfare of the students;

(w) demand and receive such fees and other charges from the students as it may determine;

(x) make provision for research, advisory, or consultancy services and enter into arrangements with any other institution, public or private body, commercial or industrial enterprise in the prescribed manner;

(y) print and publish research, patents or any other work;

(z) receive and manage property transferred and grants, contributions made to the Institute and to invest any fund in the manner as it may deem fit; and

(aa) perform any other prescribed or an ancillary function as may be determined by the Board.

5. Institute open to all.– Subject to such reasonable restrictions, as may be prescribed, the Institute shall be open to all persons; and, admission to the Institute shall not be denied on the basis of gender, religion, race, creed, color or domicile.

6. Jurisdiction.– (1) The jurisdiction of the Institute shall be restricted to the Province of the Punjab.

(2) Notwithstanding anything in subsection (1) the Institute shall not open any sub-campus for a period of ten years from the commencement of this Act.

(3) After the expiry of the period mentioned in subsection (2), the Board may allow the Institute to open sub-campus subject to such conditions and limitation as it may be determined by the Board.

7. Officers of the Institute.– The following shall be the officers of the Institute:

(a) Patron;

(b) Rector;

(d) Heads of Departments/Centers;

(e) Principals of Constituent Colleges;

(f) Registrar;

(g) Treasurer;

(h) Controller of Examinations;

(i) Director; and

(k) Such other persons as may be prescribed by the statutes or regulations to be the officers of the institute.

8. Patron.– (1) The Patron or his nominee may preside over a convocation of the Institute.

(2) The Institute may confer an honorary degree with the prior approval of the Patron.

(3) In the performance of his functions under this Act, the Patron shall act and be bound in the same manner as the Governor of a Province acts and is bound under Article 105 of the Constitution of the Islamic Republic of Pakistan.

9. Inspection and inquiry.– (1) The Patron may direct inspection or inquiry into the affairs of the Institute.

(2) The Patron shall convey his views with regard to the result of the inspection or inquiry to the Board and may, after ascertaining the views of the Board, recommend any remedial action to the Board.

(3) The Board shall, within the time specified by the Patron, submit a report to the Patron about the action taken on the recommendations of the Patron.

(4) If the Board fails to take action to the satisfaction of the Patron within the specified time, the Patron may issue such directions as he thinks fit and the Board shall comply with the direction.

(5) The Patron may, on the recommendation of a Committee constituted by him and comprising of a nominee of the Board, one Director of the company and a Professor Emeritus or Vice Chancellor of any university, take such action against the Institute as he may deem appropriate.

(6) The Patron shall not take any action under subsection (5), unless the Chairperson of the Board is afforded an opportunity of hearing.

(7) The Patron may set aside a decision or action of the Board, which, in the opinion of the patron, is against the objectives of the Institute or against the interest of academic excellence, religious or cultural ideology or national integrity.

10. Rector.– (1) The Patron shall, on the recommendations of the Board, appoint a person as Rector.

(2) The Board shall determine the terms and conditions of service of the Rector.

(3) The Rector shall be the person who possesses the prescribed qualifications and experience.

(4) The Rector shall perform such functions as are given in the Act or as may be prescribed or as are assigned to him by the Board.

11. Powers of the Rector.– (1) The Rector shall be the Officer of the Institute responsible for administrative and academic functions of the Institute as assigned by the Board.

(2) The Rector may attend a meeting of an Authority or body of the Institute.

(3) Subject to the general supervision and control of the Board, the Rector may:

(a) direct a teacher, officer or other employee of the Institute to take up such assignment in connection with examination, administration or any other activities in the Institute as he may consider necessary;

(b) suspend, punish or remove, in the prescribed manner, an officer, teacher or employee of the Institute except those appointed by the Board;

(d) delegate, subject to such conditions as may be prescribed, any of his powers to a teacher or officer of the Institute;

(e) exercise such other powers as may be prescribed by the Board;

(f) Perform any other task assigned to him by the Board;

(4) The Rector shall prepare an annual report containing information as regards to the preceding academic year including disclosure of all relevant facts pertaining to academics, research, administration, and finances of the Institute, including details of income and expenditures.

(5) The Rector shall, within three months of the conclusion of an academic year, submit the annual report of the Institute to the Board.

12. Acting Rector.– Subject to the conditions as may be prescribed, if the office of the Rector is vacant, or the Rector is absent or is unable to perform the functions of his/her office due to illness or some other cause, the Patron shall make arrangements for the performance of the duties of the Rector by any other person, as it may deem fit.

13. Registrar.– (1) The Board shall appoint a Registrar of the Institute on such terms and conditions as may be prescribed.

(2) The Board shall not appoint a person as Registrar unless he possesses the prescribed qualifications and experience.

(3) The Registrar shall be a full-time officer of the Institute and shall:

(a) be the administrative head of the secretariat of the Institute and be responsible for the provision of secretarial support to the Board and the Rector;

(b) be the custodian of the common seal and the academic records of the Institute;

(d) supervise the process of selection, appointment or nomination of a member to an Authority or body of the Institute in the prescribed manner; and

(e) perform such other duties as may be prescribed or as may be assigned to him by the Rector or the Board.

(4) The Registrar shall hold office for a renewable term of three years.

14. Controller of Examinations.– (1) The Board shall appoint a Controller of Examinations of the Institute on such terms and conditions as may be prescribed.

(2) The Board shall not appoint a person as Controller of Examinations unless he possesses the prescribed qualifications and experience.

(3) The Controller of Examinations shall be a full-time officer of the Institute and shall be responsible for all matters connected with the conduct of examinations and perform such other duties as may be prescribed or assigned to him by the Rector or the Board.

(4) The Controller of Examinations shall hold office for a renewable term of three years.

15. Treasurer.– (1) The Board shall appoint a Treasurer of the Institute on such terms and conditions as may be prescribed.

(2) The Board shall not appoint a person as Treasurer unless he possesses the prescribed qualifications and experience.

(3) The Treasurer shall be the chief financial officer of the Institute and shall:

(a) manage the assets, liabilities, receipts, expenditures, funds and investments of the Institute;

(b) prepare the annual and revised budget estimates of the Institute and present the estimates to the Board;

(d) ensure that the accounts of the Institute are audited annually and are available for submission to the Board within six months of the end of a financial year; and

(e) perform such other functions as may be prescribed or assigned to him by the Rector or the Board.

(4) The Treasurer shall hold office for a renewable term of three years.

16. Appointments.– The Institute may employ such persons in its service as may be necessary, on such terms and conditions as may be determined by the Board.

17. Authorities of the Institute.– The following shall be the Authorities of the Institute:

(a) Board of Governors;

(b) Academic Council;

(d) Board of Advanced Studies and Research;

(e) Selection Board;

(f) Finance and Planning Committee; and

(g) Any other Authority as may be prescribed by the Board or statutes or the regulations.

18. Board of Governors.– (1) The Board of Governors of the Institute shall consist of the following:

(a) A Director of the company shall act as the Chairperson of the Board of Governors to be nominated by the company.

(b) Members of the Company, subject to a maximum of three members to be nominated by the Company;

(d) Chairperson of the Commission or his/her nominee not below the rank of a Director;

(e) Chairperson, Punjab Higher Education Commission or his/her nominee not below the rank of a Director;

(f) One Vice Chancellor of any public sector university in the Punjab nominated by the Patron;

(g) Secretary to the Government, Higher Education Department or his/her nominee not below the rank of a Deputy Secretary; and

(h) Rector of the Institute.

(2) The Rector shall be the Secretary of the Board. In the absence of Rector, Chairperson of the Board shall nominate a secretary to conduct meeting and business of the Board.

(3) Members of the Board other than ex-officio members shall hold office for a term of three years and shall be eligible for re-appointment on the expiry of their term of office.

(4) The quorum for a meeting of the Board shall be one-half of the total number of members.

(5) The Secretary shall, with the approval of the Chairperson of the Board, call a meeting of the Board.

(6) The Company may fill a casual vacancy occurring because of death or resignation of a member of the Board nominated by the Company to the extent of the remainder of the term of the former member.

19. Powers and duties of the Board.– (1) The administration and management of the affairs of the Institute shall vest in the Board.

(2) Without prejudice to the generality of the aforesaid power, the Board may:

(a) formulate or approve the principles, policies and plans governing the activities and operations of the Institute so as to facilitate research, teaching and other academic work;

(b) approve the statutes of the Institute;

(d) create a component of the Institute such as Faculty, department, center or constituent college, subject to the provisions of this Act;

(e) constitute a committee, council and any other administrative or academic advisory body;

(f) create such academic or administrative posts as it may deem necessary and to approve appointments to such posts as it may specify;

(g) hold, control and administer the property, funds and resources of the Institute and raise funds for the purpose of the Institute upon such security as may be required under the regulations;

(h) undertake the responsibility for the financial viability of the Institute including responsibility for ensuring effectiveness of its operations, their continuity and preservation of the autonomy of the Institute;

(i) consider and approve, through a resolution, the annual report, plan of work, statement of accounts and the annual budget estimates;

(j) call for and consider reports relating to the activities of the Institute and may direct the Rector to furnish information relating to any matter specified by the Board; and

(k) take all such initiatives as it may consider necessary or desirable for efficient and effective management and functioning of the Institute.

20. Business of the Board.– (1) The meetings and business of the Board shall be conducted in such manner and in accordance with such procedure as may be prescribed in the regulations and until so prescribed, as may be determined by the Board.

(2) The statutes and regulations approved or proceedings of the Board shall not be invalid by reason of any vacancy or defect in the constitution of the Board.

21. Delegation of powers.– (1) Subject to subsection (2) of section 19, the Board may delegate any of its powers or functions to a person or committee of the Board.

(2) The Board shall not delegate the power to:

(a) make the statutes or approve regulations;

(b) recommend any action to the Patron;

(d) approve annual budget and make consideration of audit reports.

22. Academic Council.– (1) The Academic Council shall consist of:

(a) Rector (Convener);

(b) all Deans;

(d) Controller of Examinations;

(e) all Professors of the Institute;

(f) two Associate Professors, two Assistant Professors and two Lecturers to be nominated by the Board;

(g) three persons eminent in the field of art or science of whom at least one shall be from each category, to be nominated by the Board;

(h) Director Academics of the Commission; and

(i) Registrar (Secretary).

(2) A member nominated shall hold office for a renewable term of three years.

(3) The quorum for a meeting of the Academic Council shall be one-half of the total number of members of the Academic Council.

23. Powers and duties of Academic Council.– (1) The Academic Council shall be the academic body of the Institute and may, subject to the statutes, lay down standards of instruction, research, publication and examination to regulate and promote the academic life of the Institute.

(2) Without prejudice to the generality of the foregoing powers and subject to the provisions of this Act, rules, statutes and regulations, the Academic Council may:

(a) advise the Board on academic matters;

(b) regulate the policies related to the conduct of teaching, research and publication;

(d) regulate the conduct and discipline of the students of the Institute;

(e) propose to the Board, a scheme for the constitution and organization of faculties, teaching departments, center and constituent colleges;

(f) consider or formulate proposals for the planning and development of teaching and research in the Institute;

(g) recommend to the Board, the regulations prescribing the courses of studies, the syllabi and outlines of tests for examinations;

(h) regulate the award of studentships, scholarships, exhibitions, medals and prizes;

(i) frame regulations for submission to the Board;

(j) appoint or nominate members to the various Authorities in accordance with the provisions of this Act; and

(k) perform such other functions as may be prescribed by the statutes.

24. Fund of the Institute.– (1) The Board shall establish a Fund to be known as the Next Institute of Science and Technology Fund which shall vest in the Institute and to which shall be credited all sums received by the Institute.

(2) The Institute may accept donations in the shape of land, vehicles, equipment or any other item or cash that may facilitate the functioning of the Institute and all such donations shall be used, maintained and disposed of by the Institute in the prescribed manner.

25. Budget, audit and accounts.– (1) The budget of the Institute shall be approved and its accounts shall be maintained and audited in such manner as may be prescribed by the Board.

(2) The Board may approve the budget of the Institute, appropriation of accounts of the Institute and settle an audit para relating to the audit of the Institute.

26. Rules.– The Board may, by notification, make rules to carry out the purposes of this Act.

27. Statutes.– (1) Subject to the rules, the Board may approve statutes to provide for and to regulate any matter relevant to the Institute.

(2) The Board may delegate the power of appropriation or re-appropriation of funds to any office of the Institute.

28. First Statutes.– Notwithstanding anything to the contrary contained in this Act, the statutes set out in the Schedule shall be deemed to be the statutes made under section 27 and shall continue to remain in force until amended or repealed in accordance with the provisions of this Act.

29. Regulations.– Subject to the rules and statutes, the Board may frame regulations for the proper administration and management of the affairs of the Institute.

30. Removal of difficulties.– If any difficulty arises in giving effect to any of the provisions of this Act, the Patron may give such directions, not inconsistent with this Act, as it may consider necessary for the removal of such difficulty.

SCHEDULE

THE FIRST STATUTES

1. Faculties.– (1) There shall be a Faculty for a teaching department or a group of teaching departments.

(2) The Institute shall include the following faculties and such other faculties as may be prescribed:

(a) Faculty of Law;

(b) Faculty of Pharmaceutical Sciences;

(d) Faculty of Commerce and Management Sciences;

(e) Faculty of Arts and Social Sciences; and

(f) Such other branches of knowledge, as the Board may determine, given on the recommendations of the academic council, where applicable, subject to the prior approval of the relevant statutory/regulatory body of professional education.

2. Board of Faculty.– (1) There shall be a Board of Faculty for each Faculty which shall consist of:

(a) Dean of the Faculty;

(b) Professors and Heads of the teaching departments/centers/constituent colleges in the Faculty;

(c) Two teachers to be nominated by the Academic Council for their specialized knowledge of the subjects which, though not assigned to the Faculty, have in the opinion of the Academic Council, important bearing on the subjects assigned to the Faculty;

(d) Two experts in the field from outside the Institute to be appointed by the Board;

(e) One member to be nominated by the Rector; and

(f) Director QEC

(2) The members other than ex-officio members of a Board of Faculty shall hold office for a period of three years and shall be eligible for reappointment on expiry of their term of office.

(3) The quorum for a meeting of a Board of Faculty shall be one-half of the total number of members.

(4) A Board of Faculty, subject to the general control of the Academic Council and the Board, may:

(a) co-ordinate the teaching and research work in the subjects assigned to the Faculty;

(b) scrutinize the recommendations of the Board of Studies comprising a Faculty with regard to the appointment of paper-setters and examiners for graduate and postgraduate examinations and to forward the panels of suitable paper-setters and examiners for each examination to the Rector;

(d) prepare a comprehensive annual report regarding the performance of each department or center or constituent college comprising the Faculty for presentation to the Academic Council; and

(e) perform such other functions as may be prescribed by Statutes.

(5) The Dean of the Faculty shall be the convener of the Board of Faculty.

(6) The Dean shall be appointed by the Board from amongst three senior most Professors of the Faculty on the recommendations of the Rector and shall hold office for a period of three years and shall be eligible for reappointment.

(7) The Dean shall present candidates for admission to degree, except an honorary degree, courses falling within the purview of the Faculty.

(8) The Dean shall have such powers and duties as may be prescribed by the Board on the recommendations of the Rector.

3. Academic departments, centers, constituent colleges and institutes.– (1) There shall be an academic department or center or constituent college for each subject or a group of subjects, as may be prescribed by the Regulations and each academic department or center or constituent college shall be headed by a Head or a Principal.

(2) The Board shall, on the recommendation of the Rector, appoint the Head of Department/Center or Principal from amongst three senior most Professors other than the Professors already working as Dean for a period of three years and that the Head/Principal shall be eligible for re-appointment:

Provided that in a department or center or constituent college where there are less than three eligible Professors, the appointment shall be made from amongst the three senior most Professors and Associate Professor of the department, center or constituent college.

(3) The Head of Department or Principal shall plan, organize and supervise the work of the department or center or constituent college and shall be responsible to the Dean for the work of his Department, center or Constituent College or Institute.

(4) The Head of Department or Principal shall, under the general supervision of the Rector and Dean, exercise all the administrative, financial and academic powers and such other duties or powers as may be delegated to him.

(5) The Head of Department or Principal shall prepare a comprehensive annual report regarding the performance of his/her department or center or constituent college at the graduate and postgraduate levels, Faculty research and development, and submit the report to the Dean for evaluation.

4. Board of Advanced Studies and Research.– (1) The Board of Advanced Studies and Research shall consist of:

(a) Rector (Convener);

(b) all the Deans;

(d) one Professor of the Institute from each Faculty other than the Dean to be appointed by the Board;

(e) one member to be nominated by the Rector;

(f) three members from the relevant field, research organizations and Government, to be nominated by the Board;

(g) Director QEC;

(h) Director ORIC; and

(i) Registrar (Secretary).

(2) The term of office of the members of the Board of Advanced Studies and Research other than ex-officio members shall be three years and shall be eligible for reappointment.

(3) The quorum for a meeting of the Board of Advanced Studies and Research shall be one-half of the total number of members.

5. Functions of the Board of Advanced Studies and Research.– The Board of Advanced Studies and Research shall:

(a) advise an Authority on all matters connected with the promotion of advanced studies and research publication in the Institute;

(b) consider and report to an Authority with regard to a research degree of the Institute;

(d) appoint supervisors for postgraduate research students and to approve the title and synopses of a thesis or dissertation;

(e) recommend panels of names of examiners for evaluation of a research examination; and

(f) perform such other functions as may be prescribed by the Statutes.

6. Selection Board.– (1) The Selection Board shall consist of:

(a) Rector (Convener);

(b) Dean of the Faculty concerned;

(d) two members of the Board to be nominated by the Board;

(e) one eminent scholar to be nominated by the company;

(f) the Registrar, who shall be the Secretary of the Selection Board.

(2) The members other than ex-officio members shall hold office for a period of three years and shall be eligible for reappointment.

(3) Four members of the Selection Board shall constitute the quorum for a meeting of the Selection Board.

(4) No member, who is a candidate or whose family member is a candidate, for a post to which appointment is to be made shall take part in the proceedings of the Selection Board for selection of a candidate on such post.

(5) In the selection of candidates for the post of Professor or Associate Professor, the Selection Board shall co-opt or consult three experts in the subject concerned, and in selecting candidates for any other teaching post, two experts in the subject concerned, to be nominated by the Rector from a standing list of experts for each subject approved by the Board on the recommendations of the Selection Board.

(6) The Board may revise the standing list of experts of a subject on the recommendations of the Selection Board.

(7) In case of non-availability of the Rector, any members can convene the Selection Board by mutual consent.

7. Functions of the Selection Board.– The Selection Board shall:

(a) consider the applications and recommend to the Board, the names of suitable candidates for appointment to teaching and other posts; and

(b) consider all cases of promotion or selection of teachers or officers of the Institute and recommend the names of suitable candidates for such promotion or selection to the Board.

8. Finance and Planning Committee.– (1) The Finance and Planning Committee shall consist of:

(a) Rector (Convener);

(b) One member of the Company to be nominated by the Company;

(d) one member of the Board to be nominated by the Board;

(e) one member of the Academic Council to be nominated by the Academic Council;

(f) Director Planning of the Punjab Higher Education Commission; and

(g) Registrar.

(2) The term of office of the nominated members shall be three years and shall be eligible for reappointment.

(3) Half members of the Finance and Planning Committee shall constitute the quorum for a meeting of the Finance and Planning Committee.

9. Functions of the Finance and Planning Committee.– The Finance and Planning Committee shall:

(a) prepare the annual statement of accounts and propose annual budget estimates and advise the Board thereon;

(b) review periodically the financial position of the Institute;

(d) perform such other functions as may be prescribed by the Statutes.

[1]This Act was passed by Provincial Assembly of the Punjab on 22 April 2025; assented to by the Governor of the Punjab on 02 May 2025; and was published in the Punjab Gazette (Extraordinary), dated 02 May 2025, pages 4305-16.