Financial mismanagement in KP higher education |
HIGHER education is considered a key pillar of a country’s development and prosperity.
It contributes to the progress of society, boosts socio-economic growth, and serves as a vital source of knowledge and information. Higher learning institutions not only foster individual growth but also provide multi-dimensional opportunities to develop critical thinking skills and learn from experts in various fields. Therefore, higher education is not just a traditional path; it is an opportunity to expand horizons, gain life experiences, and prepare people to navigate complex global challenges. Globally, education falls under federal responsibility, and governments are accountable for fulfilling its academic and financial requirements, which are essential for national development, nation-building, and state-building.
In developing countries, including Pakistan, authorities often fail to recognize the importance of education, particularly higher education, which forms the backbone of national prosperity. According to the UNESCO report 2025, developing countries, including Pakistan, frequently perceive higher education as a fiscal burden rather than an essential investment in........