Financial Irregularities Surface as University of Baltistan Faces Rs 872.7 Million Insurance Lapse

Financial Irregularities Surface as University of Baltistan Faces Rs 872.7 Million Insurance Lapse

Islamabad: A recent audit report has revealed severe financial mismanagement and administrative negligence in the University of Baltistan, Skardu, causing delays in the completion of critical infrastructure projects. The audit, conducted on the Higher Education Commission’s (HEC) development projects, found that the university’s establishment was plagued by the absence of a feasibility study, unauthorized fund allocations, and mismanagement of c…