Annual Plan Coordination Committee (APCC) has approved allocation of 45 billion rupees for the development budget of Higher Education Commission (HEC) under Public Sector Development Programme (PSDP) 2018-19.

The meeting of Annual Plan Coordination Committee was held in Islamabad under the chair Minister for Planning, Development and Reforms, Ahsan Iqbal.

The minister said that in order to compete with the developed nations in higher education, research, science and technology sectors, it was essential to allocate maximum possible funding.

He said in the current international scenario, it was our national responsibility to move forward in the realm of knowledge and quality research as we can compete the world only by establishing knowledge based economy.