KSA provides special funds to manage IIUI expenses
Due to efforts of President, International Islamic University Islamabad (IIUI), Dr Hathal Homoud Alotaibi to take university out of the financial crisis, the salaries of IIUI employees for the month of December were managed through the Saudi Financial Support Fund. According to details, the total Budgetary Support in Shape of "Support for Payment of Salary" from Saudi Arabia to IIUI was Rs818 million. This includes Budget Support for F/Y 2022-23 & payment of arrears & allowances. Also, payment of salary for the month of December 2023 i-e Rs300 million. In addition, Budgetary Support in Shape of "Support for University Development Projects" makes a total of Rs86 million in this regard. Since his joining in 2020, HE Dr Hathal Homoud through his reforms in the light of the strategic plan has led the university to manage salaries, arrears and developmental projects through Saudi funding. Moreover, a grand mosque during his tenure has already been approved by the Saudi government (with an estimated cost of about $32 million) at the new campus of the university. Dr. Hathal has once again reiterated his resolve to take university out of the financial crisis and assured that academic excellence shall remain top priority. IIUI Rector, Dr Samina Malik while thanking the Saudi Government for continuous support of the university has said that the university is an omen of strong bond between both brothers’ countries. She said Custodian of the Two Holy Mosques has always been generous to support IIUI. She added that the whole IIUI community is thankful to Saudi Arabia for financial assistance to university.