Enhancing Financial Sustainability in Public Universities of Pakistan
A Study on Income Diversification and Budgetary Resilience
DOI:
https://doi.org/10.58341/srj.v3i3.68Abstract
This study is focused on the financial sustainability of public sector universities in Pakistan, with a focus on reducing dependency on a single source. Examines strategies to increase the financial viability of Pakistani public sector universities, with a particular emphasis on reducing their reliance on examines strategies for strengthening the financial feasibility of Pakistan public universities, with a particular emphasis on reducing reliance on a single funding source. The aim of this study is to investigate methods and strategies that can be helpful for higher education institution in Pakistan that are having financial challenges. University finances can be made more flexible and durable by diversifying sources of income through partnerships, research grants, and for profit businesses. The purpose is to explore the methods useful to face any funding sources, its difficulties pertaining to HEC criteria. Diversification of revenue flow through research grants and with modest joint projects can give universities way forward towards a vast financial agility and flexibility. Furthermore, it checks the impact of income diversification on the budgets dependency in selected public sector universities of the Pakistan. Return on Assets, ROA, net profit margin NPM, and income diversification are taken as a key metrics. Implications of this study is to find those universities by adopt the diversifying strategies to improve the academic quality and infrastructure development.
Keywords:
Financial sustainability, Herfindahl index, Net profit margin, Return on assets, Revenue diversificationReferences
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