Karachi (September 27, 2017): The captive power producer and distributor to Karachi district K-Electric has suspended power supply of Karachi University for failing to pay arrears of Rs 60 million.
According to details Karachi University (KU) owes Rs 60 million to K-Electric.
The power suspension has left all the departments and the administration block of the University without electricity.
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It may be mentioned here that news about KU facing financial crisis have surfaced numerous times during the last many years. KU, which is the biggest university of the country, was reported to be reeling from a massive loss of Rs 700 million.
Massive corruption was unearthed at the KU in August last year included disbursement millions of rupees were issued illegally under the heads of leave encashment as well as the construction of various banks, canteens and petrol pumps at the KU without any agreement.
NAB sources had claimed that Rs 90 million were issued each year illegally in the name of leave encashment, while millions of rupees were issued illegally in the name of overtime. Over 50 resident quarters of Karachi University are possessed by influential people, while different banks, canteens and petrol pumps are also operational illegally.
NAB sources had also said that since the utility Bill receivable rate of Karachi University was under Rs 250 million the annual spending of Rs 420 to 450 million was hard to understand. The disclosure had forced KU management to issue notification banning overtime to grade 17 and higher grade employees and the formation of a committee to probe the illegal use of power and illegal power connections at the university.