Budget 2014-15 - Institute of Business Administration

 Budget 2014‐15 Click on page#
Table of Contents 1. Explanatory Memorandum for the Budget 2013‐14
 Faculty Publications Ref. Notes Page #
Annex – A 1‐57
58‐63 2. Financial Summaries  Overview of Budget 64
 Budget 2014‐15 65‐66
3. Revenues 




Program Revenues Program Revenues (Student wise) Non‐Program Revenues Scholarship Income Interest Income R‐1 R‐1A R‐2 R‐3 R‐4 67
68 69 70 71 8 12 32 32‐A 32‐B 32‐C 32‐D 72‐77
78
79 80 81 82 83 84 85 4. Operating Expenses  Details of Operating Expenses
o EMBA Program o Ardeshir Cowasjee Writing Centre o Talent Hunt Program o IBA ‐ Centers ‐ Operating Performance  Center for Executive Education  Centre for Entrepreneurial Development  Centre for Economic & Business Research  Center for Journalism Excellence 5. Capital Expenditure Capital Expenditure Summary
 Civil Works 33 86
87‐89
 ICT Budget for Computers & Peripherals, Software 90
 Other Capital Expenditure (Furniture, Equipment, Vehicle and Library Books) 91
Sub: EXPLANATORY MEMORANDUM FOR PROPOSED BUDGET 2014-15
PART A
OPERATIONAL HIGHLIGHTS 2013-14
Fresh intake during 2013-14 increased by of 30 percent i.e. from 1003 to 1309. This
large increase h as been possible due t o s everal f actors. T he experiment wi th
admissions being offe red twice a year i.e . Fall an d Sprin g h as met with rel ative
success. As many as 3 01 stud ents o r 23 p ercent of th e tota l were admitted in the
Spring s emester w hile 1008 entered in the r egular F all semeste r. Th e m ost
unexpected development was the large interest exhibited in the newly introduced BS
Accounting & Finance program. As against our estimate of 90 students, we ended up
three tim es t his n umber w ith an int ake of 2 72. T he other n ew pr ogram BS So cial
Science also met with success. Fresh enrolment in BS (CS) program also expanded
from 90 the previous year t o 151. Further , the dec line i n th e enrolment of MBA
students following the two y ear wo rk experience sti pulation was arr ested and as
many as 192 students were admitted this year ( 175 students last year). The biggest
jump was in MBA (Morn ing) p rogram w hich had an en rolment of 97 this y
ear
recording an increase of 45%. The break-up of this year’s fresh intake is as follows:
Table I
Fresh intake into IBA
BBA
292
MBA Morning
97
MBA Evening
95
B S (CS)
151
B S Eco & Math
116
B S Accounting & Fin
274
B S Social Sc.
113
MS (Eco)
13
MS Math
11
MS CS / IT
20
EMBA
126
PhD (CS)
1
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(a) In all 526 students g raduated th is yea r; 30 2 undergraduates’, 13 8 g raduate
degrees and 86 Executive MBA degrees.
(b) 15 fu ll time a nd 19 v isiting fac ulty me mbers were recruited du ring the y ear.
Two Professors of Practice were also hired.
(c) Ten new staff members were recruited for support departments.
(d) Students’ societies organized 63 different events throughout the year.
(e) 536 students received financial aid in form of scholarships / stipends this year
amounting to Rs.8 8.53 m illion including NTHP and STHP. Th e n umber of
external sponsors of scholarship has risen from 53 to 65 and their contribution
now forms 79 percent of the total scholarship budget.
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PROPOSED BUSINESS PLAN 2014-15
An Overview
As the curr ent fiscal year would bring to end the strategic plan 2008/09- 2013/14 a
comprehensive final implementation report will be submitted to the Board separately.
The report will evaluate the o verall progress and also measure the achievement of
goals and sub-goals.
The Bu siness Plan 2 014-15 is therefore a c ontinuation of the p revious strate gy
based on t he co mpletion of remaining actions. As this wil l be a transiti on year in
which the Str ategy 2020 will be reviewed and discussed by the Board, the Business
Plan’s mai n thr ust will be co nsolidation of the g ains, o vercoming the weaknesses
and laying the foundation for the new strategy. Emphasis will be laid this year on the
preparatory work fo r se lf-assessment r eport to
be su bmitted fo r AACSB
accreditation. This report will provide a score card as to where we stand in relation to
various standards a nd what we need to do more to r each th at standard. Th e other
pre-occupation will be to strengthen the MBA program which is our flag ship program
in light of an external review carried out in February-April 2014. In Spring 2015, we
will introduce the Exp eriential Learning Project (ELP ) for the BBA se nior class. This
will be a big c hallenge as w e have to i dentify at l east 75 com panies wh ere th ese
student te ams will be assigned. An equal d aunting task is t o fi nd faculty membe rs
who would be supervising and grading these projects.
Another area of disappointment has been the performance of the three profit Centres
the:

Centre for Executive Education (CEE)

Centre for Entrepreneurship Development (CED)

Centre for Business and Economics Research (CBER)
In ot her institutions t hese ce ntres generate r evenues tha t are use d to s ubsidize
regular academic programs. We have not been successful in either attracting many
companies fo r cu stomized Executive education co urses or in Winning re search
grants and con tracts. Up f ront investmen ts in b uilding the capacity o f CED wou ld
yield some r esults but after a few y ears. Co nsultancy ass ignments for th e faculty
have been too few. Summer program and Summer schools are also not generating
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much revenues. The common thread behind this week performance is the reluctance
of full time faculty members to actively participate in these activities.
As the recurrent expenses on the CEE are likely to increase because of the addition
of resi dential acc ommodation at Aman t ower and support staff to man age and
operate these expa nded physical facilities, a rethink ing of t he pre sent Busi ness
model of CEE would be required. Perhaps a task force consisting of a diverse group
of HR managers, alumni of CEE courses and a few faculty members could enlighten
us on the changes required.
The Financial S ustainability M odel s eems to be holding q uite well. Inter nally
generated revenues through introduction of new academic programs, adjustment in
fees structures and a 30 percent jump in the enrollment will be able to meet as much
as three-fourth of the operational expenditure. The remaining one-fourth will accrue
through Government Grants and Interest Income. We expect an operational surplus
of Rs.100 million in the coming year whi ch will be utilized for fi nancing a part of t he
capital expenditures.
After 2014/15 the re will be a sharp drop in the lev el o f capital expenditure and th e
size of the overall budget will show a dip. Additional Donor commitments to the tune
of Rs.600 m illion w ould still be requi red – Rs. 400 mill ion for completing Physical
Infrastructure Projects an d Rs. 200 mi llion to m eet th e ta rget o f th e Gene ral
Endowment Fund.
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PART B
PROPOSED BUSINESS PLAN
2014-15
The proposed Business Plan consists of the following five components as outlined in
the Strategic Direction 2008/09 – 2013/14.
I.
Academic Plan (including Quality Enhancement)
II.
Technology Up gradation
III.
Human Resource and Faculty Development
IV.
Physical Infrastructure Development
V.
Community Outreach
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I. AC ADEMIC PLAN
1. The Academic Plan 2014-15 is based on a projected total student enrollment of
3359 students in a ll the different programs offered at IBA. This wo uld represent
an increase of 13 percent over last year’s 2969 students, of this, the fresh intake
is estimated at 1084. There has been a gr adual shift towards greater enrollment
of full time stu dents who are expected to acc ount for 83 percent o f t he total
strength compared to 79 percent last year. It may be recalled that in 2011-12 the
proportion of full time students had fallen to low of 68 percent. From the financial
sustainability perspective this shift is highly welcome.
2. One of the initiatives take n to imp rove the quality of teaching is the Academic
Audit. This activity saw a significant momentum in 2013-14 and approximately 40
courses ha ve b een a udited s o far. The pr ocess entails form ing o f a 3 pe rson
committee fo r each co urse b eing au dited com prising of the Chairman of th e
Academic Comm ittee, th e conc erned department ch air an d a su bject matter
expert from t he d epartment. An initial discussion m eeting is th en held with th e
concerned faculty to e nsure their und erstanding of the pro cess a nd to add ress
any concerns. Next a class room audit is h eld along with detailed feedback from
students i n both gr oups and individually. Fi nally th e e xam scr ipts are r eviewed
and fe edback comments for t he instr uctor ar e finalized. The p rocess has also
been well received by the faculty, who were initially somewhat skeptical.
FACULTY OF BUSINESS ADMINISTRATION
OUTCOMES 2013-14
New Programs
3. Two new pro grams n amely BS in Accounting and Fina nce an d BS in So cial
Sciences and Liberal Arts were launched in Fall 2013.
a. BS Social Science p
rogram The program was p repared to pr ovide
quality ed ucation in the so cial sciences field. So cial Sci ences core and
elective courses are required for BBA students also.
b. BS Accounting and Finance program The program has been designed
to u pgrade th e quality of i ntake int o Ch artered Acco untancy a nd ot her
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Professional Accounting streams while at the same time Students acquire
higher ac ademic degree. IBA was the pioneer in th e t aking th is initiative
which has now been replicated in several other institutions of the country.
Publications: Case Studies and Research
4. Two case st udies were p ublished b y fa culty members in April an d J une 2 013.
Research publications include 17 papers in international conferences, 15 in local
conferences, 3 ISI Journal publications, and 16 in other national and international
journals.
International Linkages and Accreditations
5. We have commenced the process of NBEAC accreditation. The initial registration
is c ompleted and we
are w orking on
Self-Assessment Reports due for
submission in end June 2014.
6. We hav e also initi ated process for
AMBA a ccreditation. T he initi al o nline
registration has b een revised and in formation required by
them h as been
collected. A form al letter of i ntent w ith th e d etailed infor mation about our MBA
and Executive MBA programs will be submitted in June 2014.
7. For AACSB accreditation, we are presently working to strengthen our application
before submitting th e pre-eligibility form. A co re g roup c onsisting of fa culty
members se rving in key positions has b een form ed. Me etings a nd workshops
have been conducted and the lead faculty and a team member have been sent to
international tr ainings a nd workshops held b y AACSB International fo r better
understanding of the process and requirements.
8. An agr eement w as sig ned with ACCA th at all ows e xemption to o ur BS(AF)
students from nine papers o f their ce rtification. Th ough th is partnership ha s
initially been s et f or a y ear, w e are working on extension of t his p eriod f or f ive
terms. Thi s p artnership also provides o ur stu dents wit h opportunity to a vail
scholarships for th e sai d c ertification. A si milar a rrangement has b een r eached
with CIMA wh ich will allow our BS(AF) stud ents to avail exemption in 7 papers.
The agreement will be ink ed in June 2014. An addit ional M OU wit h Institute of
Bankers P akistan (IBP) ha s been si gned whic h waives off IBA’s BS(AF)
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graduates from appearing at all three lev els of examinations. The candidates will
have to appear at only ONE comprehensive examination instead.
9. An agreement has also been signed with L UMS for academic cooperation in the
areas of students and faculty exchange, research collaboration, etc. in computer
science, information technology, mathematical sciences, economics and law.
10. The I nternational C ommission on W orkforce D evelopment h as en tered into a
partnership agr eement wit h th e Centre of Ex ecutive Ed ucation (CEE) for
conducting their examination.
11. An MOU h as also b een si gned with IE Business Sch ool, Spai n (ranked 11th in
the FT Gl obal MBA Rank ing of 2013) for exchange of stude nts and fac ulty
collaboration in research.
12. Twenty Six und ergraduate an d g raduate stu dents attended se mester e xchange
programs in F all 2013 and Sp ring 2014. The students atte nded c olleges a nd
universities in France, Malaysia, Turkey, USA. In additi on, 3 2 st udents i nterned
internationally at Indonesia, Malaysia, Philippines, South Africa, Turkey, USA and
Zambia.
13. Eight u ndergraduate students attended summer programs in Su mmer 20 13 a t
NUS, Warwick, and USA. We anticipate that around 15 more students will attend
this y ear’s summe r programs at Imp erial Col lege London U K, Un iversity of
Nottingham Malaysia Campus, NUS Singapore, and University of Massachusetts
Amherst USA.
Other Initiatives
Ardeshir Cowasjee Writing Center:
14. The De partment of Social Sci ences and Lib eral Arts h as established a wri ting
center in th e memo ry of the ren owned newspaper columnist, so cial activist and
philanthropist Mr . Ardeshir Cowasjee. T his Wri ting center is
facilitating and
supporting students and faculty members in improving their writing skills.
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PROPOSED PLAN 2014-15
15. The Academic Plan will foc us on th e existing programs’ delivery, efficiency and
outcomes. Among the few initiatives for the year the noteworthy are
a. Develop a t least 2 more activ
e le arning and e xposure pr ograms for
students and faculty members
b. A group of approximately 20 students with four to five faculty members will
be sent to SP Jain IMR and ISB India for a sh ort summer e xchange and
learning program. We anticipate that this academic cum field visit program
custom designed for IBA will provide an en riching learning experience to
our students. We also see these programs as the ice-breakers for the two
institutions towards students and faculty exchange, and possible research
collaborations.
c. Invite experts from Germany and if p ossible any o ther country to develop,
motivate and encourage the learn and share culture at IBA
d. Invite visiting faculty memb ers fro m In dia, Mal aysia a nd Nepal f or s hort
term teaching assignments.
e. Expand t he opportunities for
students t o participate in
international
exchange programs.
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Page 9
FACULTY OF COMPUTER SCIENCE
OUTCOMES FOR 2013-14
16. The year 2013-14 saw the completion of th e expansion of the F CS building, and
its dedication as th e HBL Ac ademic Centre. Besides the la bs c ommissioned in
2012-13, three new research labs were commissioned in 2013-14 which were an
expanded Robotics/AI Lab, a Telecommunications Research Lab (TRL) and Web
Sciences Lab. In December 2013, the Networking Lab equipped with top-of-theline n etworking e quipment fro m Cisc o was also dedicated as th e “Shirazi
Networking Lab”. The new facilities have greatly improved the research facilities
at the FCS.
17. FCS hosted its ann ual CEO Forum i n Oct ober 2 013 whic h w as att ended by
Prominent members from the IT industry of Pakistan. They shared their insight fpr
shaping better graduates from the Computer Science department.
18. The BASR which was formed in 2012-13 started functioning as an oversight body
with re gular r eview o f the iss ues a rising o ut the PhD an d MS programs, in
particular the Computer Science Phd program was regularly discussed in several
meetings conducted during the year.
Research and International Competitions
19. Karachi Ko alas, the joint RoboCup Socce r team ( 3D Simulation League) of IBA
FCS and University of T echnology, Sydney, reached the Quarter Final stages of
the World R oboCup 2 013 and wer e r anked 5 th i n th e t ournament. The
competition was held in Ei ndhoven, Neth erlands d uring Su mmer of 2013. The
performance of team has been improving each year. In 2011, the team was in the
Top 16 group, then in 2012 it was in the Top 10 grou p and in 201 3 was ranked
5th in the world.
20. The AI La b also pr oduced a h ome r obotics ap plication the “Karachi C hotu” t hat
participated in the Int ernational RoboCup IranOpe n 201 4 held in Tehran, Ira n
from 7th - 1 1th Apr il 2014. The team qualified i n the RoboCup@Home le ague
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which aims to develop service and assistive robot technology to promote Social
Robotics and achieved third position in the competition.
21. The AI Lab a lso a cquired a T urtleBot r obot o btained vi a a research grant
provided by the Third World Academy of Science (TWAS), Italy.
22. Zaffar Ahmed Shaikh, a PhD scholar under the supervision of Dr. Shakeel Khoja
was awarded a six month International scholarship from HEC-IRSIP on his work
on Guided Personal Learning Environments. He will be proceeding to Switzerland
in S ummer 2 014 to work with REACT
res earch gr oup of EPFL -École
polytechnique fédérale de Lausanne, Switzerland (QS World University Ranking:
19).
23. Three BS(CS) pr ojects r eceived fund ing awards from ICT R& D fu nd in 2 014.
These were Autonomous Hover of a QuadCopter, ASL(American Sign Language)
to Speech conversion and Traffic Congestion Tracking System.
Student Society Events and Activities
24. The I BA Comput er Society succe ssfully conducted Connexions 2014, t he
annual Computer Science event based on BS(CS) Final Year Projects at the IBA
Student Ce nter fo r th e 4t h con secutive ye ar. Th is y ear eleven teams f rom IBA
presented their projects to various industrialists and academicians who had been
invited to serve as judges. Projects included highly innovative projects such traffic
congestion trackin g s ystem for Pakistan, a home r obotics ap plication sys tem,
energy monitoring syst em, an i nteractive l earning syst em among s everal other
highly innovative and practical applications.
25. A Chapter of the Association for Computing Machinery (ACM), the world’s largest
educational, co mputing and scientific soc iety, was also estab lished at I BA in
January 2 014. Se minars have s ubsequently started being offer ed w ith t he first
session organized in April on the topic of Networking.
26. ProBattle, I BA Co mputer Societ ies annual software and speed programming
competition that was started in 2013 held it s 2nd a nnual e vent in Marc h 2014.
The overwhelming resp onse fro m 600 participants result ed i n th e number of
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competitions b eing increased from 7 to 1 3. Co mpetitions i ncluded S peed
Programming, Mob ile Application Dev elopment, Software an d Har dware Project
Exhibitions, Innovative Business Id ea, Lego Robot Wrestling, Photography, Web
Designing, Po ster D esigning and sev eral ga me p rogramming competitions. A
total of Rs. 350, 000 were awarded as cash prizes as compared to Rs. 50,000 in
2013.
27. Student conducted w orkshops, h ighly popular am ong the student body, als o
continued in 201 3-14. Workshops th at were held inclu ded Drupal, Ethical
Hacking, IBM DB2 Database Certification among others.
28. IBA st udents con tinued to perform extremely well in local c ompetitions. As one
example, thr ee stud ents i n fif th sem ester achieved f irst pr ize i n Speed A ndroid
Application Development comp etition a t the Developers Day held a t F ast-NU in
March 2014.
Seminars and Workshops
29. The
5th I nternational C onference o n
Information
and Co mmunication
Technologies (ICICT) 2013 wa s held s uccessfully on the 14t h a nd 15th o f
December 2013 at the IBA Main Camp us with th e th eme “ Using Technology to
Create a Better W orld”. Th e P resident of Pakist an, Mr. M amnoon Hussain,
inaugurated the conference and a la rge number of international delegates came
from t op-ranking u niversities in Au stralia, USA, Denmar k, UK , Po rtugal, Egypt,
Malaysia among ot hers. Th e co nference provided a
platform for
leading
academics t o discuss the l atest d evelopments in t he f ield of Infor mation and
Communication T echnologies (ICT) an d to sh are their re search. Professo r Dr.
Atta-ur-Rahman was the chief guest for the closing.
30. The AI Lab o rganized a 2 day long d ata mining wor kshop fo r professionals on
December 7-8, 201 3. The wo rkshop fo cused o n providing basic data an alytics
techniques to b usiness an alyst, risk m odelers, market r esearchers, etc. T he
workshop was attended by a la rge n umber of p articipants from banks, other
financial institutions, ma rket research co mpanies, g overnment b odies, NGOs,
etc.
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31. The AI Lab also organized a 1 day robotics workshop for high school teachers on
29th Nov ember, 2013. The works hop intended t o pr ovide " train-the-trainer"
program as there is a lack of formal training in the area of educational robotics.
32. A second Winter School was held in January 2014, and is a c ontinuation of the
2013 initiative to ensure that CS stu dents have cutting edge knowledge of the IT
industries latest tools and utilities. A number of excellent lectures were held which
included seminars on Python, PHP, Phonegap and Android.
Academic Plans for 2014-15
33. The BS(CS) program is also pla nned to b e r e-accredited with the HEC NCEAC
(National Computing Education Accreditation Council) during 2014-15 to maintain
its top ranked position in the c ountry. The r eaccreditation th at w as originally
planned for 2 013-14 wa s postponed due to th e o ngoing c ompletion o f the F CS
building and its related research and Lab facilities.
34. The Academi c A udit will continue t o be used to improve the quality o f t he IBA
courses. In 2014-15 it is intended to be decentralized and conducted by individual
departments with regular oversight by the Chairman of the Academic Committee.
35. Dr. Sajjad Haider received funding to visit University of Technology, Sydney for 2
months (Jan 2014 - Mar 2013). His visit focused on advancing the research and
development in Rob oCup Soccer. In ad dition, h e ha s be en able to in itiate ne w
joint projects in the emerging field of big data analytics in which workshops and
seminars are planned during 2014-15.
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II.
TECHNOLOGY UP-GRADATION PLAN
OUTCOMES 2013-14
The main achievements under the Technology Up-Gradation Plan i n the year 201314 are summarized below:
Energizing of Tier III Data Center
36. The Tier III Data Center has been energized since September 2013 and now all
the I CT services a re being served from t his Tier II I data ce nter. This c enter
provides redundancy as per Tier standards. This state of the art facility is unique
for an y educational instituti on in Pa kistan an d through this greater uptime f or
services would be achieved.
Print Management Solution
37. This s olution e nables us to conta in printing costs a nd sup port environmental
sustainability. It provides the facility to track and budget all printing. We can have
real time reporting via this solution that has been implemented and working since
July 2013.
Hardware and Equipment Acquisitions:
Procurement of 75 Latest Laptops
38. Seventy F ive latest HP Pro-B ooks la ptops with la rge memory c hips have be en
acquired for use by IBA faculty for their teaching and research work.
Procurement of 20 Apple Mac Desktops
39. Twenty Apple Ma c de sktops have be en pu rchased fo r the new la b tha t will u se
Mac platform.
Software Applications
40. Enhancement of ERP System
a. Teacher’s Assistance module
Teacher’s Assistance module has been developed and integrated in ERP. It is
basically de signed for managi ng Teacher’s assistant tasks assigned b y t he
concerned faculty. The reports will be used to track TAs by t he HR, Finance
and the instructor.
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b. Publications data
Publications da ta syst em has been developed and integrated wit h the ERP.
This module provides single point of en try fo r a ll pu blications d ata, its
categorization and verification.
c. Uni t system
The module for Units-System has been developed and integrated with ERP.
This will allow the senior management to track units earned by each faculty
member for performing various duties.
d. Online Payment System & Online Donation system
A highly secure system has been designed, developed & integrated with UBL
Bank Payment processing servers.
e. Utilization of Learning Management System - Sakai
The utilization of LMS is c onstantly m onitored and th e faculty me mbers are
also provided tr aining to
maximize th e util ization of t he sys tem. W e’ve
succeeded in raising the utilization rate from 40% to more than 80% in the last
term.
f. Course Outline System
Course ou tline syst em is des igned to enable th e I nstructor t o add course
objectives, outcomes, cour se plan, and m arks distribution. C ourse Outline
application is integrated with the ERP.
g. Sched uling System
Scheduling system is int egrated with the ERP. It will enabl e the examination
department to generate the entire timetable for mid-term and final exams. This
system is in UAT stage.
h. Summer school and summer program online registration
Online Registration System for Summe r sch ool and Su mmer Program offers
three pr ogram c hoices. After su bmitting ap plication, c andidate can g enerate
fee voucher o nline. An Admin control p anel e nables a dmin to view a nd
download candidate’s application forms.
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i. Information session online registration
IBA conducts information sessions at different cities like Islamabad, Lahore on
different da tes. An online regi stration system has been dev eloped f or these
sessions.
New Website Developments
41. After through re quirement gathering all w ebsites have b een c ompleted to meet
the specification and requirements of individual departments.
a) Department of Accounting & Law http://accounting.iba.edu.pk/
b) FCS Final Year Projects FYP http://fypfcsiba.com/
c) Revamped IBA Libraries http://library.iba.edu.pk/
d) Revamped IBAICM 2014 http://ibaicm.iba.edu.pk/
e) Revamped Telecommunication Research Lab TRL http://trl.iba.edu.pk/
f) Revamped Convocation 2013 http://iba.edu.pk/convo2013/
g) Revamped Summer Program http://iba.edu.pk/summer
h) Revamped National Talent Hunt Program http://nthp.iba.edu.pk/
i) Revamped ICICIT 2013 http://icict.iba.edu.pk
j) Revamped Quality Enhancement Cell QEC http://qec.iba.edu.pk/
k) Data center http://datacenter.iba.edu.pk/
l) IBA Projects http://projects.iba.edu.pk/
Network Strengthening
42.
a. Backup Radio Link
Backup r adio link h as been placed between m ain campus - VF R & ma in
campus - NGH so t hat if p rimary fiber li nk is down user would get
seamless connectivity.
b. Laying of dark fiber between Main Campus to the boys and girls hostels.
Dark fi ber h as been laid between Mai n campus b oys an d girls h ostels.
Now u sers at the b oys and g irls hostels a re abl e to g et good inter net
services.
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PROPOSED PLAN 2014-15
Mobile Equipment for Video Conferencing
43. Mobile Video Conferencing sol ution e nables the option o f mo ving the v ideo
conferencing facility from one classroom to another. The system will be functional
from Fall 2014 term.
Lecture Recording System
44. It was decided to introduce Lecture Recording System whereby the students will
be abl e to review the classroom, presentation and lect ures la ter o nline. The
system is expected to become functional in Fall 2014.
RFID Solution for Library
45. RFID Solution w ill aut omate Library processes such as item searching, holds
and in transit slip printing, Found-Lost items, find mis-shelved items. This solution
will become functional at the time of the inauguration of the new library.
Smart board
46. Smart board are inte ractive white boards which r ecord all the activities instructor
perform such as writing on board, power point presentations etc. These files later
can be uploaded and viewed by students for reference purposes. Smart Boar ds
will be installed in five classroom initially in Fall 2014 term.
Addition of Core Switch / Router / Firewall / IPT router
47. This ad dition is p lanned so th at it would provide a redundancy a t network laye r
also. Currently in Tier III data center we have a redundancy at power and cooling
level only.
Upgradation of Main Campus Server room
48. Upgradation of Main Campus server room has been planned which would be built
with HSSD, power and cooling facilities.
Upgradation of VC Equipment for City Campus / Aman Tower
49. An up grade of VC codec wit h the latest equipment is planned an d a n ew VC
room would be established in Aman tower.
RFID solution for staff / students
50. Smart Cards would be provided to staff, faculty and students. This will enable IBA
to log attendance, traffic monitoring & merchant facilities for students.
BUDGET 2014-15
Page 17
RFID Solution for City Campus Library
51. RFID Solution is planned to be implemented at the City Campus Library.
IP Telephony Upgrade
52. IP telephony u pgrade from c all ma nager 7 .1 to 1 0 has been planned, th is
upgrade will allow us er to avail video conferencing f acility on their desktop s /
devices. T he th ree new buildings have b een e quipped with c omplete IT
infrastructure.
Migration of Onsite Exchange to Office 365
53. Migration of o nsite exchange to o ffice 3 65 tena nt is in p rogress, it’s a th ree
phase migration process in which first phase has been completed, with migration
of user data.
Smart board
54. Twenty more s mart boards will b e acquired f or the classrooms i n th e coming
financial year.
Implementation
of Fi nancial Ma nagement
Module & Human Capita
l
Management
55. These two remaining modules of ERP ha ve been planned for implementation in
the year 2014-15. With these two modules functioning, coverage and integration
of all t he operational data will e nable the departments’ acc ess to the same
centralized common d atabase. This wi ll d efinitely h elp to impr ove the business
process and facilitate higher management to take timely decisions.
Oracle Business Intelligence
56. The implementation of the Oracle Business Intelligence application is in progress.
The detailed r eports in both graphical a nd t abular f ormats, sh owing tre nds f or
analysis will become available to Senior Managers in real time.
Online Testing System
57. Online Tes ting System (OTS) is a Mu ltiple C hoice Questions (MCQs) based
examination system that p rovides an ea sy to u se en vironment fo r both Test
Conductors and
Stud
ents a
ppearing f
or Entry Exami
nation.
BUDGET 2014-15
Page 18
HUMAN RESOURCE PLANS
OUTCOMES 2013-14
Faculty Recruitment:
58. During the year 2013-14, a t otal of f ifteen faculty memb ers wer e r ecruited.
Among t hem, ten hold P hD degrees from fo reign univers ities. Fiv e o thers
possess foreign masters or equivalent professional degrees. In addition two new
Professors of Practice have also been appointed.
Transition of Administrative Leadership:
59. As part of the Strategic Plan, it was envisaged that IBA will bring in experts in HR,
ICT, Internal Audit from outside to develop the policies, procedures and systems.
As this task has been completed, smooth transition of responsibilities has taken
place and Departmental Directors hired on contract for fixed duration have been
replaced an d regular IBA staff h ave taken over as Heads of Inte rnal Au dit, ICT
and HR, Departments. These individuals worked as under study for a year or so
under the Di rectors. CED, Public Affairs a nd EMBA Di rectors h ave also been
replaced by Part t ime Program Directors from among the faculty members as is
the c ase fo r other pro grams. Th e bu dgetary c ost savings b ecause o f these
changes was about Rs 30 million an nually. The only Director who will complete
his t erm i n 2 014 is Director Projects a s three m ajor pr ojects ha ve t o be
supervised by him.
Outsourcing of Support Services:
60. The policy of O
utsourcing of supp ort services was i mplemented since
September, 201 3 f ollowing t he tend ering p rocess. U nder thi s co ntract, the
selected contractor w ill provide support st aff to IBA a s per institutional needs in
General Administration, F acilities Ma nagement (including G eneral Maintenance,
Operational Maintenance, Spo rts and Re sidential Facil ities Maintenance),
Catering, Security an d Tra nsport Services. All futu re re quirements of support
services staff will be catered through this outsourcing channel.
Health Insurance:
BUDGET 2014-15
Page 19
61. On the advice of the A&FC of IBA, the feasi bility of covering employees’ medical
benefits thr ough h ealth insur ance w as ass essed and the te nder wa s f loated in
March, 2014. Ne cessary formalities have been completed in this regard and the
lowest premium cost was quoted by “Asia Care Insurance Company”. This policy
will be effective from Ju ly 1, 2014. This ini tiative is expected to ease the access
of emp loyees to i mproved m edical fa cilities whil e IBA wi ll be able t o c ontrol its
expenses.
Transformational Leadership Program:
62. A special 4 days “T ransformational Leadership Pr ogram” was organized in
collaboration wit h th e CEE in August, 201 3 for the senior m
embers of IB A
(current and future) academic and administrative leadership & managers.
Customer Satisfaction Survey:
63. The fo urth ro und of the Customer Satisfaction Survey of IBA Service Un its wa s
completed in
December, 20 13; an d the final r eport was presented by th e
consultants (Nielsen, Pakistan) to the Executive Committee in May, 2014.
Performance Management Workshops:
64. Training sess ions on Performance Man agement we re held fo r sta ff an d fa culty.
These sessions are p articularly useful for new staff and faculty members as IBA
is unique among academic Institutions to have such a Performance Management
system in place.
Customer Services Workshop:
65. To create customer support orientation among IBA front offices, program offices
and service unit staff, one day training workshops titled “Customer Services” was
organized in July 2013. .
BUDGET 2014-15
Page 20
PLANS FOR 2014-15
Communication Skills Training for Management Staff:
66. As part of the initi ative to dev elop an i nternal man agerial pool, sev eral training
courses have been designed for the Management Staff. For example, in 2014/15
In-house training h as been p lanned o n sp eech communications, presentation
skills and wri ting skills. In addition Personal Effectiveness C ourses w ill al so be
offered to the interested employees.
Modifications in Promotion Rules:
67. The Pro motion Rul es of non-teaching em ployees hav e been modified to all ow
managerial staff to be pro moted to higher po sitions if they meet the el igibility
criteria of performance, serv ice length and experience o f work ing in d ifferent
departments. It is e xpected tha t this mo dification will h elp in m otivating, and
retaining q uality human re source of IBA and in
grooming the m f or taking up
higher managerial positions in the future. This year 16 staff members have been
promoted on the basis of their performance and seniority.
Modifications in Staff Welfare Fund (SWF):
68. The e xisting rules of SWF were modified to further enhance the scope o f these
rules for benefiting a larger group of employees. A study has been conducted to
assess the f inancial imp lications o f edu cating t he ch ildren of lo wer g rade
employees at quality schools.
Schemes for Employees in Pipeline:
69. New sc hemes and b enefits that ar e under co nsideration fo r em ployees in clude
Umrah scheme which wi ll be based on the lucky draw. It is propos ed tha t three
full-time of e mployees of IBA will be s ent on 15 days Um rah every ye ar. In
addition, a fter the
development o f sports fa cilities, e xtra-curricular activities
including sports events and picnics will also be arranged for employees.
HCM Software
70. Based on the fe edback o btained f rom o rganizations cur rently using Pe opleSoft
HCM and the costs and volume of work involved at IBA, the option of developing
an i n-house HR modu le for IBA is being e
xplored. This module will t hen be
integrated with the main ERP system.
BUDGET 2014-15
Page 21
71. This y ear, “Empl oyees’ Attendance and Flexible Timings Rul es” and “S tudent
Recruitment Rules” were updated by incorporating required elaborations.
72. Ten (10) non-teaching employees wer e pr omoted i n t he perf ormance a ppraisal
cycle; in a ddition, fo ur (04) staff memb ers wer e pr omoted against externally
advertised p ositions; these internal ca ndidates wer e s elected o n merit, after
competing with external candidates.
Faculty Development
Training and Development of Faculty Members
73. Table below shows the break-up of faculty pursuing higher education:
Faculty Pursuing Higher Education
S# Qu
alification
1 Purs
uing PhD
2 Purs
uing Post-Doc
3 Purs
uing MPhil
Total 15
Foreign
14*
01
-
*05 are on Split PhD

Local
02
01
03
No.
16
01
01
18
Of the 18 full -time faculty members p ursuing Ph D, four (0 4) are enrolled in
Split PhD/DBA program at IMT-GEM and one (01) is enrolled in the University
of Southampton;

Nine ( 09) fac ulty m embers are enrolled in differ ent i nternational un iversities
(03 in UK, 02 in USA, 01 in Spain, 01 in Australia, 01 in New Zealand and 01
in Malaysia),

Locally pursuing PhDs include one (01) at LUMS and one (01) in IBA.

One ( 01) i s doing post-doctoral fello wship at NUS, Singapore a nd o ne (01)
faculty m ember is pursuing M. Phil degree on s elf-sponsorship b asis at the
Institute of Educational Development (IED), Aga Khan University.
74. The fo llowing table sh ows the numbers o f fa culty who hav e be en exposed to
training opportunities outside Pakistan during 2013-14.
BUDGET 2014-15
Page 22
Number of Faculty participations at Foreign and Local Conferences / Seminars /
Training
F
Short Training / Courses
Conferences / Seminars / Forums (attended only)
2013-14
oreign
Local
12
62
02
08
Professional Development (incl. presentation of papers and
cases in conferences / research forums)
19 04
Academic Development
Post-Doctoral Programs
PhD Colloquium / Doctoral Consortiums
14
01
-
03
-
Total Number of Faculty
48
77
75. These f aculty members attended i nternational t raining programs t o develop
expertise in their concerned a reas and improve pedag ogical s kills and during
2013-2014. Here are some of the highlights:a. Three faculty memb ers a ttended 3 weeks IFP pro gram held in Spain
during June 2013.
b. Three faculty members attended 2 weeks IMTA program held i n Slovenia
during June 2013.
c. One faculty me mber attended Babson Col lege, USA for
six we eks in
Spring 2013.
d. Two faculty m embers a re attending International F aculty Pr ogram (IFP)
during June 2-20 2014 in Barcelona, Spain.
e.
Dr. W asim Azhar, H aas Bu siness Scho ol, Berke ley USA led
and
supervised cas e teac hing s ession to MBA and senior BBA c lasses. He
also conducted two workshops on “Designing Engaging Assignments and
Projects” a nd “Onli ne Co llaboration To ols and Ide as”. His v isit was f rom
December 14 to December 28, 2013.
f. Four S ES experts Dr. Kl aus Dielmann, Se nior Le cturer Mr. H artmut, Dr.
Manfred Akstinat a nd Dr. Lindermann fr om Germ any v isited IBA d uring
2013 – 20 14. Th ese experts co nducted workshops fo r fa culty memb ers,
took s essions with stu dents i n t heir areas of ex pertise, were i nvolved in
CED for a
gri –e ntrepreneurship, techn o-entrepreneurship and oth er
initiatives.
BUDGET 2014-15
Page 23
Journal Articles
76. The total number of journal publications was twenty seven (27) during July 2013
to June 2 014. Out o f which eig ht (8) articles we re pub lished in ISI in dexed
journals. Th irty one ( 31) r esearch pa pers were p resented a t international/
national conferences and research seminars during July 2013 till June 2014. The
details are available in the annexure A
Faculty Mentoring
77. To mento r and fac ilitate the f aculty members in the ir development pl ans, Dr.
Zahoor H assan, a r enowned academician was i nvited t o IBA for thr ee m onths
with a focus on following areas.
a. Mentor and coach faculty members
b. Take IBA MBA program to the next level
c. Improve the case-writing activities and related processes at IBA
d. Support in the AACSB accreditation process
78. Several faculty mem bers av ailed o f this o pportunity and sought his a dvice and
guidance on the ir professional development, case w riting. Thr ee core g roups o f
Case W riting, MBA Program a nd AACSB Accreditation we re developed. Thes e
groups are now meeting at regular intervals to proceed further.
PROPOSED PLAN 2014-15
79. Four faculty members will be sent on international trainings to update them with
new technologies, methods and pedagogies.
BUDGET 2014-15
Page 24
III. PHYSICAL INFRASTRUCTURE DEVELOPMENT PLAN
OUTCOMES 2013-14
80. During the year 2013-14, fifteen (15) Projects were under execution (12 new and
3 Proj ects for renovation and up-gradation). Ou t of these, 9 p rojects we re
completed and possession handed over. (One of renovation & 8 new projects).
81. There have been a f ew s etbacks i n progress mainly d ue t o value engineering
exercises, law & o rder situ ation in the C ity, ch anges from IBA side, scarcit y of
labor an d material, un announced cl osure of all
commercial busin ess, non-
availability of transportation due to closure of gas stations.
82. The major cause of del ay in Am an To wer has be en th e r e-designing of si x (6 )
Packages and subsequent value engineering. Although some valuable time has
been lost yet a saving of approximately Rs.125.00 Million was achieved from the
bid amo unts. Another reas on h as b een ch ange in l ayouts of many fl oors to
accommodate users’ requirements.
83. The pr ogress o n ph ysical in frastructure has b een b etter th is year u nlike th e
previous year whe n 75% o f the budgetary allocations for buildings and facilities
were utilized. This y ear Rs.1,000.00 Million is ex pected to be s pent which would
be around 90% of the budgeted amount of Rs.1,122.00 Million.
84. The list of Projects completed in 2013-14 that are fully functional and operational
is given below:
i)
HBL Academic Centre at City Campus
ii) Power
Centre
iii) Ele ctrical Infrastructure
iv) Laying of Water Pipeline and construction of Water Tanks
v)
Sewage Treatment Plant
vi) M. Habibullah Visiting Faculty Residence
vii) New Girls Hostel
viii) Soakage pits for colony, Boys hostel and girls hostel
ix) Electrical Infrastructure for colony, Boys hostel and girls hostel
BUDGET 2014-15
Page 25
PROPOSED PLAN 2014-15
85. Six new projects have been added for execution to projects already in hand. Out
of these 12 projects in hand, eleven (11) projects are scheduled to be completed
in 2014-15 wh ile one project i.e. co nstruction of Ne w Boys H ostel Blocks B&C
will be completed in 2015-2016. It is p roposed to i ncur an expenditure of Rs.960
Million during the fiscal year 2014-15 on twelve on-going projects. Eleven of them
are scheduled for completion during the year.
86. The following projects are scheduled to be completed in 2014-15:
i)
Renovation and
Up-Gradation of F
auji Fe
rtilizer B
uilding
(Administration Block)
ii)
Renovation and Up-Gradation of Mian Abdullah Library Main Campus
iii)
External Development Works City Campus
iv)
Construction of MJ Auditorium, City Campus
v)
External Development Works at Main Campus
vi)
Construction of Multi-Storied Building (Aman Tower), City Campus
vii)
Construction of Clinic
viii)
Construction of Transport Facilities Building
xi)
Façade and Interior Development of Multi-purpose Building and
Construction of Server Room at Ground Floor Multi-Purpose
x)
Old Mosque Development
xi)
Existing Canteen Façade Development
87. Projects Scheduled to be completed in 2015-16
i)
Construction of New Boys Hostel Block B&C
BUDGET 2014-15
Page 26
IV. COMMUNITY OUTREACH
CENTER FOR ENTREPRENEURIAL DEVELOPMENT (CED)
OUTCOMES 2013-2014
National Consortium
88. A n ational consorti um on En trepreneurship Educ ation and Training has b een
established. Eight regional universities from all the provinces (listed below) have
joined this partnership.
i)
NED University of Engineering & Technology - Karachi
ii)
IBA - Sukkur
iii)
Indus Valley School - Karachi
iv)
University of Engineering & Technology - Lahore
v)
GIFT University - Gujranwala
vi)
National University of Science & Technology - Islamabad
vii)
Institute of Management Sciences – Peshawar
viii)
Baluchistan U niversity of Infor mation Te chnology and Management
Sciences – Quetta
Research, Education & Training
89. The following activities were carried out during the year:

The Global Entrepreneurship Research Surveys (GEM) for the year 2010
and 2011 were carried out.

IBA branded a business plan competition named “INVENT” which is being
held for the third time now.
 Entrep reneurship courses in the BBA and
the MBA p rogram were
introduced,

Specialized BBA program focused in entrepreneurship was established,
 Social

Entrepreneurship Event ISERVE
Several workshops were conducted at different Universities.
90. Eleven research papers were published and presented at conferences across the
world.
BUDGET 2014-15
Page 27
Incubators:
91. Twenty Eig ht businesses w ere provided i ncubation s pace at CE D. Many of o ur
EDP students were provided small seed money ranging from Rs. 10,000 to Rs.
25,000. We h ave also expe rimented do ing a c rowd funding ev ent w hereby
businessmen from industry are invited and the students get to pitch their ideas in
front of them. If the investors are convinced b y the business plan th ey invest in
the business wit h a certain percentage sh are of profits. One of the c ompany
“Papa Jobs” was able to raise Rs. 500 ,000 from a group of inv estors for a 35%
return on investment.
Invent 2013
92. A na tionwide business competition was su ccessfully held in IBA whic h attracted
more th an 30 00 stud ents f rom al l over th e co untry. T he c ompetition was held
over a p eriod of 6 months, where students were shortlisted on the basis of their
business i dea and imp lementation. The finale was h eld in June a nd students
were awarded cash prizes.
CED Accelerator program 2013.
93. CED successfully conducted a business accelerator program for students from all
over the city. To qualify for a s eat in the program the student(s) have to present
their idea to a panel of judges. After which the successful students are allotted an
incubation space alo ng with mentoring an d n etworking with successful
entrepreneurs. Many of the companies are performing very well and are earning
reasonable amount of revenues.
Kids Entrepreneurship Program
94. A summer program o n Kids Entre preneurship was or ganized for school g oing
kids b elonging to un derprivileged areas. The y were trained o n h ow to think like
an entrepreneur and advises were given on how to h elp parents earn income as
well as continue to attain high education.
BBA Entrepreneurship
95. Based on new pe dagogy stud ents o f BB A – Entrepreneurship ha ve successfully
launched their business without any borrowing from the institute. Majority of the
BUDGET 2014-15
Page 28
students h ave their b usinesses up an d run ning wit hin IBA a nd a re doing v ery
well.
EDP Success
96. After successful completion of the EDP batch, a surv ey was done to assess how
many stu dents were running their b usinesses. T he s urvey revealed that mo re
than 70% of the students from batch II had their business up and running. Some
were doing very well while some needed further guidance. Thus as a f ollow up,
students wer e called in CED for further m entoring an d gui dance o n impr oving
their business performance.
PROPOSED PLAN 2014-2015
Education
97. The following activities related to teaching are planned.

Incorporating t he new t heory of effectua tion i n all t he entr epreneurship
courses.

The following new Entrepreneurship courses in the BBA/MBA program will
be offered:
 En trepreneurial Management
 En trepreneurial Marketing

Entrepreneurship and opportunity recognition
 So cial Entrepreneurship
New Training Courses
98. CED plans to offer various short term courses on different aspects, themes and
for
varied
target g roups. Co urses and activities
specific to
women’s
entrepreneurship and family business are also being developed. The courses that
will be offered in 2013-14 tentatively are:
a)
18 months Post Graduate Diploma in Entrepreneurship & Family Business
in collaboration with SP Jain Institute of Research and management.
b)
4 month W omen En trepreneurship Progr am in part nership with Enclude
Solutions
c) Tech
nology entrepreneurship for Engineers
BUDGET 2014-15
Page 29
d)
Entrepreneurship Development Program (EDP)
99. Several research studies are planned to be undertaken during 2014-15 including
several c ase stu dies, r eports on State of Entrepreneurship and Imp act o f EDP
program and Invent.
Incubators
100.
It is envisioned that CED will incubate more than 50 companies in the coming
year a s already the num ber has re ached 2 8. Many com panies have g raduated
and many are in the process of improving their business.
EXECUTIVE MBA PROGRAMS
101. At the beginning of FY 2013-14, there were 261 participants in EMBA program.
During this year, 127 professionals completed their course work and moved out
of the activ e tally. W e ca rried o ut three i nduction eff orts, re sultantly 126 new
participants joined in, carrying the year end number to 260.
102. During FY 20 14-15, ove r 12 0 EMBA p rofessionals are expected to co mplete
their education a nd w ill m ove out from th e a ctive lot. To r eplenish this natural
outflow, we hav e pl anned at le ast two induction efforts during August a nd
December 2014. EMBA marketin g p lan includes personal v isits to t he select
corporate e ntities a nd m aking presentations to th e ma nagement and p otential
candidates. In addition to th is, the pr ogram office will reach out to th e serving
executives throu gh; letters, em ails, p hone calls a nd social media. Efforts are
also underway to market selective EMBA courses to those professionals, who
either c ould not cle ar the a dmission test or a re unable to joi n a f ull two years
degree pr ogram. W ith the projected fr esh i ntake of 12 0 p articipants the y earend tar get of active r egistration (on a verage) for EMBA will
be 2 72 with
estimated fee revenue of Rs.61 million.
CENTRE FOR EXECUTIVE EDUCATION
OUTCOME 2013-14
Open Enrollment Programs
BUDGET 2014-15
Page 30
103. Thirty Nine open enrollment workshops were conducted during July 2 013-May
2014. 750 executiv es were trained in th ese workshops. Thes e in cluded
workshops cond ucted in col laboration wit h international bus iness schools and
foreign faculty such as the In dian Sch ool o f Business a nd SP Jai n Institute of
Management and Research, Mumbai
Customized Programs
Client-Specific Diploma/ Certification
104. This year CEE trained the 3rd batch of the PGD i n Business Administration for
Atlas G roup (35 ca ndidates) of Companies, the cla ss work a nd live projects
completed. Res ult is b eing co mplied.
CEE t rained 2nd b atch t raining for
Certification of Business Administration for Sanofi-Aventis (45 candidates).
Short Duration Courses
105. Tailor m ade train ings w ere conducted fo r el even cl ients, in w hich 736
participants were trained.
PROPOSED PLAN 2014-15
Open Enrollment Programs
106. CEE pl ans to off er approximately 40 o pen e nrollment programs i ncluding
collaborative semi nars with Ce nter for Ex ecutive Educati on-Indian Schoo l of
Business Hyderabad, India and S. P. Jain Institute of Management & Research,
Mumbai.
107. Strategic thru st will be on high-end work shops c onducted by facu lty me mbers
and other institutions o f h igh r epute as well a s co nducted by the f aculty from
ISB, INSEAD, HAAS, Queen’s Business School etc.
Customized Programs
108. This year CEE will continue to train the 4th batch of th e DBA for Atlas Group of
Companies and co mplete second batch tr aining fo r Certification o f Busi ness
Administration for Sanofi-Aventis.
Diploma Programs
109. HR, Hospital, PM, SCM are under approval with Academic Board.
BUDGET 2014-15
Page 31

HR Diploma: The
diploma is rev
iewed by ten
practitioners, 4
academicians and a b ody of Pakist an Society for H uman Resource
Management. The course content is ready.

Hospital Management Dipl oma: Th e course c ontents h ave be en
reviewed a nd f inalized by t he g roup comp rising of t he pr ofessionals
and academicians fr om th e Indus Hospital, Ag ha Khan U niversity
Hospital, Tabba Hospital and Liaquat National Hospital.

Project M anagement Diploma: The co urse co ntent is accredited by
Project Management Institute US. Re
ady for
delivery after
the
Academic Board approval

SCM Di ploma: Altho ugh c ourse c ontent is r
eady, inte rnational
accreditation wit h the Supply Ch ain Council is a waited. The course
content is developed with the team of expert and practitioners.
110.
Once t he Academic Board approves, CEE p lans t o offer (Th ree) 3 Pos t
Graduate Diploma in the following fields:

Diploma in Project Management

Diploma in Su pply Chain Management with th e Supply Chain Council
(SCOR) USA

Diploma in Hospital Management or Human Resource
Board level programs with SECP
111. CEE-IBA has been granted accredited education provider status by SECP. This
will enable t he CEE to hol d C orporate Go vernance Courses f or the Board
Members.
SKILLS DEVELOPMENT PROGRAMS
OUTCOMES 2013-14
Skills Development Programs
112. Thirty One skills development programs were conducted during July 2013-May
16, 2014.

583 executives, students & teachers were trained in these courses.

Programs were offered under Eighteen (18) titles.
BUDGET 2014-15
Page 32

Fourteen (14) new titles were introduced this year
PROPOSED PLAN 2014-15
Skills Development Program
113. Approximately Fort y Se ven (47 ) skills de velopment p rograms are pl anned for
2014-15.

Nearly 799 e xecutives, stud ents & teac hers wi ll be tr ained in th ese
courses.

Programs will be offered under Twenty Three (23) titles.

Six (6) new titles are planned to be introduced this year
NATIONAL TALENT HUNT PROGRAM
114. In 2013, the 9th batch of the NTHP program was launched by including both the
HSSC Level – I students who have cleared matric in 2012 and those who would
be a ppearing for HSSC L evel – I ex amination in t he ye ar 2013. Both th ese
groups were brought to IBA for one month orientation program in 2013 followed
by another or ientation program in 2014. Those stu dents w ho h ave a lready
cleared the HSSC L evel – I examination in th e year 2012 and have taken the
one month orientation program in th e y ear 2 013, wil l be inv ited a gain i n 2014
after their HSSC Level-II examination. A total of 357 candidates appeared at the
initial screen ing t est, for the
batch 2 013, Sixty Th ree (63) ca ndidates we re
selected fo r o ne m onth o rientation. Thirty Six (36 ) st udents wh o had c leared
their HSS C II appe ared at the IBA Aptitude Test a nd 2 2 successfully gained
admission in the BBA/BS programs.
115. The 10th Batch of the NTHP Program was launched by focu sing on a revis ed
marketing strate gy. A special session wa s arranged f or Hi gh Achievers of the
TCF School which r esulted in 52 can didates ap plying for the NTHP p rogram.
600 candidates appeared at the initial sc reening test for th e 2 014 orientation
program, 82 candidates were selected out of them.
SINDH FOUNDATION PROGRAM
116. In collaboration with the Community Development Program –CDP, Government
of Sindh, IBA launched the ‘IBA-Sindh Foundation Programme -2013’ to identify
meritorious-cum-needy students from the less advanced districts of Sindh . The
selected students are provided an intensive six months foundation program that
BUDGET 2014-15
Page 33
prepares them for taking the IBA or other institution entrance examination and
interview. 475 students applied for the Sindh Foundation Program out of which
199 c andidates ap peared i n t he in itial s creening test. 38 ca ndidates w ere
selected for the six month Foundation course. Up on completion of the course
10 candidates were succ essful i n ob taining adm ission in t he BS (CS) and BS
(Economics & Mathematics) Program.
117. The 2nd Batch of the Sindh Foundation Program has specially targeted students
belonging to t he Inter ior Si ndh and those fr om T CF sch ools. 31 6 can didates
have applied for the SFP Program 2014 out of which 206 candidates appeared
in t he i nitial screening test. 32 candidates w ere s elected for t his six mo nths
program.
PROPOSED PLANS 2014-15:
118. For the recruitment of Batch 2015, we have the following plans:
a. To visit the major schools & colleges throughout Pakistan to promote the
NTHP & Sindh Foundation Program.
b. To lau nch th e Ambass ador Progr am f or the IBA students wh o w ould
promote the NTHP/Foundation Program in their hometowns by visiting the
major colleges/schools.
c. To contact, The Citizen Foundation for holding awareness seminars about
these programs in their regional TCF schools & colleges of Pakistan.
d. Flyers, Posters & Standee distribution will be ca rried th rough BDO’s of
Meezan Bank Limited in their respective regions.
e. To contact all th e BISE bo ards of Pakistan to collect the following lists of
students:
i.
Matric: List of a ll groups w ho have cl eared m atric examination in
2013. The eligibility criteria will be 80% or above.
ii.
HSSC L evel-I: List of all groups wh o have clea red HSSC Lev el-I
examination in 2013. The eligibility criteria will be 75% or above.
f. To p romote the N THP/Foundation P rogram through th e Facebook, P rint
Media-AD and internal Newsletter.
g. To c ollect the data f rom t he NT HP/STHP Alumn i m embers to use it f or
research purpose.
BUDGET 2014-15
Page 34
119. Two separate p rograms ar e b eing planned for br inging in tale nted a nd
deserving students b elonging to the de prived areas of Baluchistan & Khyber
Pakhtunkhwa students to IBA and preparing th em fo r the aptitu de te st for the
undergraduate programs. Curr ently pr oposals h ave been se nt to the CMEEF
(Khyber Pakhtunkhwa), HEC- US-AID and Government of Baluchistan.
BUDGET 2014-15
Page 35
Part C
PROPOSED BUDGET
2014-15
Review of Budget 2013-14
120. The total actual expenditure (Revenue & Capital) is expected to be in the range
of Rs.1 965 mil lion a gainst the appr oved b udget o f Rs.2206 mill ion (net of
Depreciation) – a s aving of Rs.241 mi llion m ainly be cause of lower c apital
expenditure incurred during the year. Table I compares the actual outcomes for
different heads against the budget appropriations and show the variances.
Table – I
Comparison of Budget 2013-14 with Actual Projections
(A)
A. Expenditure
A-1
Operating Expenditure (net off Dep)
A.2
Capital Expenditure
Budget
Projected
2013-14
Actuals
Variation
955.3
919.3
36.1
1,250.5
1,045.4
205.1
2,205.9
1,964.7
241.2
715.9
754.0
38.1
(B)
Revenue
B.1
Operating Revenues (net of amortization)
B.2
HEC Grants
91.8
119.5
27.7
B.3
Govt. of Sindh – Grant in Aid
50.0
50.0
-
B.4
Interest on Reserves
99.4
96.1
(3.3)
957.1
1,019.6
62.6
835.4
607.9
(227.5)
(413.4)
(337.1)
76.3
Other Sources of funding
Net (Deficit)/Surplus
121. The actual operati ng expenditure was Rs.919 million for th e ye ar against th e
approved budget of Rs.955 million – an u nder expense of Rs.36 million largely
caused by low employment cost during the year. The actual Capital expenditure
BUDGET 2014-15
Page 36
however, estimated at Rs.1,045 million has fallen short of the Rs. 1,251 million
budget estimate by Rs. 205 million . The main source of this shortfall was slow
progress i n t he c onstruction o f A man T ower at t he C ity C ampus. Ce rtain
exceptional circumstances such as ba d law an
d or der situation and
unanticipated shut down of business and transport in the city also slowed down
the pace of construction.
122. The physical pr ogress ma de on
the b uildings, facil ities, a cquisition of
equipment, furnitur e a nd fix tures is co mmensurate with the disbursement of
funds. Cost overruns over and above the original tendered amounts have been
kept to minimum possible levels.
123. The total revenues of the Fiscal year 2013-14 (Rs.1,020 million) are higher than
Rs.957 m illion a pproved i n the bud get, mainly be cause of the increase in
students’ e nrolment b y 153 stu dents (A ctual enrolment was 2969 st udents –
Budgeted was 2 816 students) and the income realized on faculty development
under the HEC – PSDP project. Faculty development amount could not be used
in the earlier years due to lower number of Ph.Ds. sent abroad.
124. As against the a pproved operational budget 2 013-14 (Ta ble II) the projected
outcomes till June 3 0 show a surplus o f Rs. 100.4 million as agai nst the
budgeted surplus of Rs.2 million. The actual draw down on IBA reserves would
be limited to Rs.337
million against budget estimate o f Rs.413 million. An
amount of Rs.175 m illion has be en pr ovided as bri dge fina ncing to co ver the
temporary funding gap and to ke ep up the momentum of physical progress on
planned projects. This amount will be recovered from the donors in the c oming
years in accordance with the agreed disbursement schedule.
BUDGET 2014-15
Page 37
TABLE II
Summary of Budget and actual outcome
Budget
Projected
2013-14
Actuals
Variation
1. Operational Budget
Operating Revenues
715.9
754.0
38.1
Operating Expenses
955.3
919.3
36.1
Operational Deficit
239.4
165.2
74.2
141.8
169.5
27.7
99.4
96.1
(3.3)
241.1
265.6
24.5
1.7
100.4
98.7
1,250.5
1,045.4
(205.1)
1,248.8
945.0
4. Total External Financing
835.4
607.9
5. Draw down from reserves
413.4
337.1
Financed By
Government grants
Income from Investment
Surplus / (Deficit) on Operational
Budget
2. Capital Budget
Capital Expenditure
3. Total Funds Required
BUDGET 2014-15
Page 38
BUDGET PROPOSAL FOR 2014-15
125. Table III present the summary of Budget proposals for 2014-15. It is e stimated
that th e total expenditure during t he ye ar will reach a l evel of Rs.2.121 billion
against th e tot al resources of Rs. 1.98 5 billion l eaving an overall deficit of
Rs.135 million.
BUDGET 2014-15
Page 39
TABLE III
Summary of Budget 2014-15 compared with Projected actuals
Budget
2014-15
(A)
Expenditure
A1
Operating Expenditure (net off Dep)
A.2
Capital Expenditure
Projected
Actuals
Variation
2013-14
1,160.9
919.3
(241.6)
959.7
1,045.4
85.7
2,120.6
1,964.7
(155.9)
(B)
Revenue
B.1
Operating Revenues (net of amortization)
982.2
754.0
228.1
B.2
HEC Grants
142.1
119.5
22.6
B.3
Govt. of Sindh – Grant in Aid
60.0
50.0
10.0
B.4
Interest on Reserves
110.0
96.1
13.8
1,294.3
1,019.6
274.6
690.9
607.9
83.0
(135.4)
(337.1)
201.6
(C)
External Funding
Donor Funding
Net (Deficit)/Surplus
126. The expenditure level show an increase of Rs.156 million or 8 percent over the
projected actual ex penditure of Rs.1.9 65 billion i ncurred i n 20 13-14. Chart I
shows t he b reakup of the to tal expenditure in 2014-15 into i ts two ma jor
components – 4
5 percent on C apital e xpenditure a nd 55 percent o n
operational. In 2013-14 Capital expenditure had accounted for 53 percent of the
total and operational expenditure 47 percent.
127. Most of th e pr oposed in crease in expenditures can b e attributed to ris e in
operational ex penditure by 26 percent i.e. from Rs. 9 19 mi llion in 2 013-14 to
Rs. 1,161 million in 2014-15.
128. Capital expenditure in the coming year is planned a t Rs.960 million – 8 percent
lower than the current year as most of the projects have either been completed
BUDGET 2014-15
Page 40
or will be comple ted. The p ickup in the pace of work on the Aman Tower
building, witnessed in the last few months, is expected to continue unabated.
BUDGET 2014-15
Page 41
BUDGET 2014-15
Page 42
129. Chart II sho ws the breakup of th e total resources that are likely to b e available
to meet the b udgetary targets. Th e c ontribution of dono rs is e nvisaged at 33
percent. Another 46 percent will accrue from Ope rational revenues, 10 percent
from the Government grants, 5 percent from investment income, and 6 percent
by draw down from IBA reserves. IBA reserves will therefore decline to almost
negligible amount. However as at 30 June 2015, bridge financing against donor
commitments for projects would be Rs.108 million approximately.
BUDGET 2014-15
Page 43
BUDGET 2014-15
Page 44
130. The Ope rational Bu dget co nforms to the Financial Su stainability Model that is
based on the premise th at o perational r evenues s hould s uffice to fi nance
operational e xpenditure. Operational re venues of
Rs.1294 mill ion will be
adequate to ta ke c are of operationa l expenditure of Rs.1161 m illion. There is
some de gree o f con servatism built in th e revenue pr ojections. The ne wly
introduced programs assume intake of 180 in BS Accounting and Finance and
90 students in BS Social Sciences. In c ase, 60 more students are admitted to
BS Accounting and Finance, which still seem to be attracting a lot of attention,
an ad ditional y ield of Rs.1 8 m illion c an be ex pected but this amo unt is not
included in the e stimates o f operational revenues. On the negative side, if the
K-Electric electricity tariff s rise our estimates of util ities will fa ll short o f the
Actuals leaving an uncovered g ap. T hus, the r ange of operational budget
outcomes could be plus 3 percent o f t he point esti mate pro posed t o m inus 3
percent.
131. Table IV below pres ents the ne t funding so urces for the three ye ars. Th e
welcome news is that in ternally generated funds i.e. tuiti on and other fees will
account for 46 percent of the total funding up from 32 percent two years ago. As
capital projects are coming to culmination point the relative contribution of donor
funds has declined to 33 percent compared to 45 percent in 2012-13.
BUDGET 2014-15
Page 45
TABLE – IV
Net Funding Sources
2013-14 and 2014-15
(Percentage Share)
Budget
Budget
Actual
Budget
Actual
2014-15
2013-14
2013-14
2012-13
2012-13
Tuition fees & other fees
46
32
38
27
32
Endowment / In
55
5
6
10
33 38
31
55
45
7
5
vestment
Income
Domestic Gifts / Donations
/ Grants
Government Support
10
6
968
including Development
Draw Drawn from
6 19
17
Reserves
Estimated Operating Revenues
132.
The Operating Revenues for the year 2014-15 are estimated at Rs.970 million
- 28% higher than the Projected Actual Revenues at Rs.758 million. The ov erall
increase of Rs. 212 million has been decomposed in Table V below:-
BUDGET 2014-15
Page 46
Table – V
Summary of Operating Revenues
(Rs. million)
Proposed
Projected
Budget
Actual
2014-15
2013-14
%
Variance Increase
Program Revenues
735
605
130
21.5%
Non-Program Revenues
120
80
40
50.0%
5
74
41
41.2%
70
758
212
27.9%
Scholarships 11
Total 9
133. Chart III sho ws the comparative picture of revenues mob ilized in 2013-14 and
proposed for 2 014-15. As can be note d, the relative contribution of Re gular
programs has now risen to almost one half of th e total revenues. Thus internal
revenue generation from Regular and Executive Progr ams / Non-program fees
now a ccount fo r almost 75 percent of the total, the re maining 25 percent from
Government Gra nts a nd Ex ternal Sc holarships. In 2 013-14 internal revenue
generation contributed 68 percent of the total.
134. The main explanatory variables for increase in operating revenues are:

Increase in fresh intake of students
88m

Proposed fee increase by 10% effective from Fall 2014
74m

Non program revenue increase
40m

Increase in Scholarship funding
41m
Total
243m
135. It may b e relevant to p oint out that the f ees for BS Accounting and F inance
have been ra ised t o the same le vel as BBA becaus e the d emand for this
program was unexpectedly high in 2013-14. The increase in fees proposed for
BUDGET 2014-15
Page 47
next aca demic y ear is 10% (for all stu dents); The existing a nd proposed fee
structure (per semester) are presented below:
Table – VI
Tuition Fee Structure
Programs
BBA / MBA / BS Accounting and Finance
BS 7
MS / MBA Evening (Fee for average three courses)
Existing
Proposed
Fee
Fee
126,000
138,000
2,000
80,000
63,000
69,000
BUDGET 2014-15
Page 48
BUDGET 2014-15
Page 49
Estimated Operating Expenses
136. The p roposed Operating Expenditure o f R s.1,510 mil lion represents 25%
increase over the actual expenditure of Rs.1,210 million for the last year (Table
VII below). Net of depreciation, the increase is 26 percent – Rs.1161 million visa-vis Rs.919 million.
BUDGET 2014-15
Page 50
TABLE – VII
Summary of Operating Expenses
(Rs. In 000)
Budget
Projected
2014-15
Actuals
Variance %
Change
2013-14
A)
Employment Cost
B) De preciation Expense
C)
Scholarships
D) Util ities
E)
ICT Services
F)
Repair & Maintenance
G)
Talent Hunt Program
H)
Training & Development
I)
Students' Transportation
J)
Insurance Expense
K)
Printing and Stationery
L)
Fuel & Diesel Expenses
M)
Library Services
N) Se curity Services
Seminars, Meetings, &
O)
Convocation Expenses
621,108
349,513
91,430
91,230
89,678
68,098
53,421
40,228
23,603
14,600
14,715
12,000
10,100
10,530
514,163
290,917
66,191
77,519
46,928
50,408
25,923
30,453
21,571
10,297
12,366
11,229
10,126
8,497
106,945
58,597
25,238
13,711
42,750
17,690
27,498
9,775
2,032
4,303
2,349
771
-26
2,033
20.8%
20.1%
38.1%
17.7%
91.1%
35.1%
106.1%
32.1%
9.4%
41.8%
19.0%
6.9%
-0.3%
23.9%
7,922
5,872
2,050
34.9%
r Expenses
12,263
1,510,437
27,720
1,210,179
-15,458
300,258
-55.8%
24.8%
Net off Depreciation
1,160,924
919,263
241,661
26.3%
P) Othe
137. Table VII presents a com parative pictu re of o perating exp enses for the y ear
2014-15 an d p rojected actua ls of 2013-14 wh ich do not differ very much a nd
are m ore o r l ess stable. Th e tota l increase of Rs. 300 million c an be
decomposed into two major components – Employment cost increase of Rs.107
million and running expenses of Rs.19 3 million. The expansion in physical and
ICT infrastructure at IBA during last few years has not only attracted substantial
increase in stud ents’ strength but ha s l ed to progressive i ncrease i n our
operational expenses. The nota ble incr eases a re an ticipated in Depreciation,
Facilities man agement and Uti lities. A detailed a ccounting of
changes is
presented in (a) to (f) below:
BUDGET 2014-15
Page 51
(a)
Salaries of Faculty and Staff (increase by Rs.107 million)
The bud get fo r Fa culty & Staff sa laries wo uld be im pacted by the Average
annual increment approved by the Board of Governors for the faculty / staff.
(b)
Depreciation expense (Increase by Rs.59 million)
The depreciation ex pense h as b een moving u pwards a ligned wit h the
increase in Fixed Assets, especially depreciation on Computers & peripherals
@33% a nd civ il w ork projects com pleted in current and next fiscal y ear as
follows:
Major projects Capitalized during 2013-14:
 FCS
Building
 P ower Centre
 Electrical
Infrastructure

Visiting Faculty Residence

New Girls Hostel
Major projects expected to be Capitalized during 2014-15:

Multi-Storied Building (Aman Tower), City Campus

Administration Block Main Campus

Library Main Campus

Auditorium, City Campus
 Cli nic

(c)
Transport Facilities Building
Scholarships (increase by Rs.25 million)
IBA will offer M erit scholars hips to 1 22 students in 20 14-15 as co mpared to
105 st udents in 2 013-14. Need bas ed scholarships will b e awar ded to 334
students in 2014-15 relative to 348 students in 2013-14). The increase can be
explained as:-
Merit scholarships by Rs.4 million
-
Need based scholarships by Rs.21 million
BUDGET 2014-15
Page 52
This increase is expected as our students’ strength will also rise from 2969 to 3359.
Need based scholarships are almost fully covered through external funding.
(d)
Utilities (increase by Rs.14 million)
Major i ncrease is due t o increase i n electricity lo ad & its consumption at both
campuses. KE electric tariff also increased by 12% to 14%.
(e)
ICT Services (increase by Rs.43 million)
The additional exp enditure is attrib utable t o the support services of Hardware
purchased in earlier years. Most of the hardware purchased had 3 years of Service
Level Agreements (SLA) embedded in them, which have expired.
(f)
Repair & Maintenance (increase by Rs.18 million)
This includes various ma intenance c ontracts for Eq uipment & Buildi ng. Detai ls are
as under:

Air conditioners & Chillers at an estimated cost of Rs.18.0 million

Various s ervices have als o been outsourced to upke ep th e Bui lding
and Structure at Rs.39 million. This mainly includes the Janitorial and
Housekeeping services, Service Level agreements (SLAs) for Garbage
disposal and Building Management System etc.
(g)
Training & Development (increased by Rs.10 million)

Includes c ost of 10 faculty memb ers fo r PhD program including 8
faculty members on Split Ph.D. from India/France a nd Southampton,
UK. The fundi ng of these scholarships w ill be met from HEC – PSDP
project.

Other Foreign & Local trainings are budgeted for the next year at a cost
of Rs.5.5 million including trainers invited from abroad.
BUDGET 2014-15
Page 53
BUDGET 2014-15
Page 54
Capital Expenditure
138. Table VII I sh ows the tota l c apital expenditure pr oposed fo r 20 14-15 i.e.
Rs.959.7 million o f which Rs.867 mil lion would be fo r ci vil wo rks wh ile Rs.64
million are al located f or the information and Communication Technology (ICT)
projects.
Table VIII
Summary of Capital Expenditure
Rs. In million
Budget
(a) Civil Works Projects
2014-15
Type of Project
Renovation Projects at City Campus
39.9
HBL Academic Centre
1.5
External Development
38.4
Renovation Project at Main Campus
97.5
Mian Abdullah Library
43.1
Fauji Fertilizer Building (Administration Block)
54.4
New Projects at City Campus
470.0
Aman Tower
470.0
New Projects at Main Campus
204.0
Govt. of Sindh Boys Hostel
80.0
NBP Technology Block (Multipurpose Bldg)
11.0
External Development
90.5
Clinic Building
15.0
Transport Facility Building
7.5
Architect's, Consultants' & Project Managers' fee
35.2
Miscellaneous Works & Jobs
20.1
Total:
866.78
(b) IC T Requirements
Hardware Costs
60.2
Software Costs
3.5
63.68
(d) Other Capital Expenditures
Furniture & Fixture, Equipment, vehicles, Library Books etc.
29.2
Total:
959.70
BUDGET 2014-15
Page 55
139. It may b e seen that the major component of capita l budget for this y ear would
be Ama n T ower at th e City Campus which will co nsume a lmost half of the
budget. External development projects at both the campuses are als o likely to
reach their end point in this fiscal year. The Government of Sindh has approved
funding for starting work on block B and C of Boys Hostel.
RISK TO THE BUDGET OUTLOOK
140. Major risk for the year 2014-15 will be that of filling in the gap between the total
funding re quirement an d th e amo unts likely to b e available from th e donors.
The ov erall shortfall betw een re sources availa ble and the res ources r equired
would be of Rs.135.4 million which will be met from the IBA re serves leaving a
marginal balance. Howeve r, in order t o co mplete th e pla nned projects, IBA is
required to raise Rs.600 million in the next two years to fill in the funding gap.
To mitigate t his r isk ne w start-ups such as
Faculty Apartm ents, external
development works a t various IBA loca tions, interior decor ation of t he A man
Tower have to be revisited. This should be judged against the foregone benefits
of Ex ecutive Educ ation r esidential c ourses a nd attracting ex patriate fac ulty to
IBA.
141. The oth er risk in achieving the budget targets fo r capit al ex penditures would
remain poor security / la w and order situation in Karachi. Though the s ituation
has improved a bit. In ca se the situation p ersists, Capital expenditure may not
reach the target an d the re may be under sp ending. In tha t case, the IBA
Reserve draw down will be reduced to that extent and we would end up with a
larger reserve on June 30 2015 than projected in the Budget.
142. Finally, IBA h as been providing bridge financing out of its own reserves for the
projects where th e di sbursements f rom donors t ake pl ace in installments and
are spread over n ext few years. There is a risk th at some of th e donors may
back out of their commitments. As most of the d onors from whom we have got
the pledges a re well reputed c orporate entities or w ell r espected foun dations
and philanthropic organizations th e cha nces for this risk to materialize appear
slim. But we have to mitigate this risk by continuous monitoring and follow up.
BUDGET 2014-15
Page 56
CONCLUDING REMARKS
143. IBA has converted its cash a nd li quid reserves into real ass et formation a s it
renovates, moderni zes t he existing buil dings and f acilities and c onstructs new
ones. This b udget mo ves further in th at d irection an d pl ans to a dd up cap ital
assets of Rs.960 million during the year 2014-15.
144. The changes in the net asset position of IBA be tween June 2008 to June 2014
are summarized below:(Rs. in million)
Financial Assets
IBA Reserves on 6/30/08
1,133
Endowment Funds 6/30/08
21
IBA Reserves on 6/30/14
139
Endowment Funds 6/30/14
768
(Including General En dowments, En dowed Chairs a nd e ndowments for Fa culty
Development/ Scholarships/NTHP)
Capital Assets
On 6/30/08
290
On 6/30/14
4,226
Total Financial and Capital Assets
On 6/30/08
1,444
On 6/30/14
5,133
Net Addition in Financial & Capital Assets between 2008 and 2014
3,689
145. Approval of the BO G is so ught for the Budget proposals for 2014-15 contained
in this memo.
BUDGET 2014-15
Page 57
Annexure A
Faculty Publications
2013-14
Conference - International:
Faculty of Business Administration:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
Farah Naz Baig, Jami Moiz, ”Materialism and Beauty Perceptions amongst the Young Female Pakistani Consumers”, ISMS, Published by: INFORMS
Marketing Science, Istanbul, Turkey, July 11, 2013-February 13, 2014.
Dr. Huma Amir, ” Exploratory St udy on Changing Cons umer Cultural Tr ends in a Developing Ec onomy”, The 35th INFORMS Mar keting Science
Conference, Published by: INFORMS, Istanbul, Turkey, July 11, 2013-July 13, 2013.
Dr. Ze enat Isma il, Jehangir K aleem, ”Television Viewing and C onsumer Behaviour: The Effect o f Personality Traits and Demo graphic Variables on
Children’s Co nsumer Soc ialization”, 3rd Shangh ai In ternational Conference on S ocial S ciences- S ICSS, Published by: 3rd -S ICSS 20 13, Shang hai,
China, July 11, 2013-July 13, 2013.
Dr. Huma Amir, ”From Print to E-Newspaper Readership: An Analysis of Relevant Factors for Transition to O nline Readership”, Proceedings of LCBR
European Marketing Conference 2013, Published by: Lupcon Center for Business Research, Frankfurt, Germany, August 15, 2013-August 16, 2013.
Nida A slam Khan, ” The Effectiveness of Ge nerational Seg mentation in Tele communication Sec tor: a n E xploratory Stud y of P akistani Mark et”, L CBR
European Marketing Conference, Published by: Lupcon Center for Business Research, Frankfurt, Germany, August 15, 2013-August 16, 2013.
Mahreen Nazar, Dr. Mohammad Nishat, ”Desirable code of corporate governance for non-listed companies – An Experience from Pakistan”, EUROMED
conference, Lisbon, Portugal, September 1, 2013.
Dr. Huma Naz Siddiqui Baqai, ”Pakistan in Trans ition towards a Substantive Democracy”, International Conference on Social Sciences (ICSS), Izmir,
Turkey, October 4, 2013-October 5, 2013.
Mohammad Kamran Mumtaz, ”Development of an Innovative Methodology for Design of Milk Collection Network”, 44th Annual Meeting of the Decision
Sciences Institute, Baltimore, Maryland, United States, November 16, 2013-November 19, 2013.
Mohammad Kamran Mumtaz, ”Designing the Milk Collection Network”, 3rd South Asian Management Research and Case Conference 2013, Bangalore,
India, December 1, 2013.
Yasmin Za
far,
Salman, F
aryal,
”CONSUMER
PURCHASE BE
HAVIOUR OF
BRANDED COTTON FABRI
CS I
N
PAKISTAN AN EXPL
ORATORY RE
SEARCH”, ANZ
MAC Con
ference P
roceedings 2013
Link:http://anzmac.org/conference/2013/papers/anzmac2013-427.pdf, Published b y: ANZMAC 201 3, A uckland, N ew Z ealand, De cember 2, 201 3December 4, 2013.
Dr. Moha mmad N ishat, Ahmad Gh azali, ”Corporate Governance a nd Firm P erformance: An Agenc y Cost Persp ective from Pakistan”, P roceedings
World Finance and Banking Symposium, Page(s): 77, Beijing, China, December 16, 2013-December 17, 2013.
Mohammad Kamran Mumtaz, Chatha, K. A, ”Value Chain Analysis in a n Emerging Market Dairy”, 3rd South Asian Management Research and Case
Conference 2013, Bangalore, India, December 27, 2013-December 29, 2013.
Salman Ahmed Shaikh, ”Micro-foundations of God-Conscious Economic Agents in Islamic Economy”, Proceedings, The Tenth International Conference
On Ta
whid a
nd Th
eW
orld Sy
stem
BUDGET 2014-15
Page 58
14.
15.
16.
p.326-344. ISBN 978-967-12286-0-9, Published by : University Kebangsaan Malaysia, Ka ula La mpus, M alaysia, December 26 , 2 013-December 27,
2013.
Usman Nazir, Leon Me nezes, ” Creative Ch aos L LC c ase s tudy fo r 3 rd So uth A sian Ma nagement R esearch and C ase Conference 2 013”, 3rd S outh
Asian Management Research and Case Conference, Indian Institute of Management Bangalore, Published by: INDIAN SCHOOL OF MANAGEMENT,
Bangalore, India, December 27, 2013-December 29, 2013.
Mohammad K amran Mumtaz, Jalil, M. N, Chatha, K. A, ”Designing the Milk Collec tion Network using I ntegrated Location Ro uting Approach”,
Proceedings o f the 2 014 I nternational Conference on Industrial Eng ineering a nd Op erations Management Bali, Page(s): 1057-1068, Bali, Indonesia,
January 7, 2014-January 9, 2014.
Muhammad As if, ”Time Table and Sc heduled M eetings Problem: Co nstraint Op timization th rough Ev olutionary Algorithm”, Conference P roceedings:
World S ymposium on Co mputer App lication and R esearch W SCAR 2 014, Published b y: World Symp osium o n Computer App lication and R esearch,
Sousse, Tunisia, January 18, 2014-January 20, 2014.
Faculty of Computer Science:
1.
Imran Batada, Asmita Rahman, ”Role of Search Engine Optimization and E-marketing towards a stronger Web Presence.”, 6th International Conference on Computer Science, Published by:
6th International Conference on Computer Science, Paris, France, December 20, 2013-December 21, 2013.
Conference - Local:
Faculty of Business Administration:
1.
2.
3.
4.
5.
6.
7.
Dr. H uma N az S iddiqui Baqai, ”Sexual Harassment”- A t aboo o r Re ality”, C onference o n Framework of Res pectful Workplace – “ Merit Culture ”,
Published by: Innovative Keys, Karachi, Pakistan, June 22, 2013-June 22, 2013.
Mohammad Kamran Mumtaz, ”Innovative methodology fo r th e analysis of s upply c hain networks”, LUMS Res earch S eminar S eries 2 013, Published
by: LUMS, Lahore, Pakistan, September 20, 2013.
Dr. Moha mmed Reh an Ma lik, ”"Study of Hu manities for Influencing So cial Reform in Pa kistan"”, Japan National Institute of H umanities, 4th Annual
International Co nference, New H orizons in Is lamic Area Studies : Enc ounters, Re flections, and Col laborations, Vol: 4, Published b y: Japan N ational
Institute of Humanities and LUMS, Lahore, Pakistan, November 2, 2013-February 4, 2014.
Dr. Amber Gul Rashid, ”Young, Intelligent, Assertive - What's Holding Them Back?”, International Conference on Entrepreneurship for Young Women
and Using o f New Te chnologies: Issues and Challenges, Fa tima Jinnah W omen's University, Published b y: NASIC, Pak istan, No vember 26, 2 013November 27, 2013.
Syed Ammad, Dr. Qazi Masood Ahmed, ”Dynamic Effects Of Energy Sector Public Investment On Sectoral Economic Growth: Experience from Pakistan
Economy”, 29th Annu al G eneral Meetin g an d C onference - Energ y S ecurity and E conomic S ustainability: T he W ay Forward, Published b y: Pakistan
Society of Development Economics, Islamabad, Pakistan, December 19, 2013-December 21, 2013.
Dr. Adnan Haider, Dr. Qazi Masood Ahmed, Zohaib Jawed, ”Determinants of Energy Inflation in Pakistan: An Empirical Analysis”, 29th Annual General
Meeting and Conference - Energy Security and Economic Sustainability: The Way Forward, Published by: Pakistan Society of Development Economists,
Islamabad, Pakistan, December 19, 2013-December 21, 2013.
Farah Naz Baig, ”Match or Clash: Self brand Congruity and Mobile Phone Selection”, SZABIST National Research Conference, Published by: SZABIST,
BUDGET 2014-15
Page 59
8.
9.
10.
11.
12.
13.
14.
Karachi, Pakistan, December 21, 2013.
Dr. Mohammed Rehan Malik, ”"Public Libraries in Karachi: Forms, Functions, and Governance"”, 1st South Asian Cities Conference and Pakistan Urban
Forum 2014, Vol: 1, Published by: 1st South Asian Cities Conference, Karachi, Pakistan, January 9, 2014-January 12, 2014.
Dr. Mohammed Rehan Malik, ”"Public Protests: Ethics, Culture, and Public Spaces in Karachi"”, 1st South Asian Cities Conference and Pakistan Urban
Forum 2014, Vol: 1, Published by: 1st South Asian Cities Conference, Karachi, Pakistan, January 9, 2014-January 12, 2014.
Salman Ahmed Shaikh, ”Tax Increment Financing in Pakistan”, Pakistan Urban Form, Published by: Pakistan Urban Forum, Karachi, Pakistan, January
10, 2014-February 12, 2014.
Salman Ahmed Shaikh, ”Islam And Huma n Development”, Proceedings, Divine Economics Conference, Published by: AJK University, Muzaffarabad,
Pakistan, December 12, 2013-December 14, 2013.
Salman Ahmed Shaikh, ” Determinants fo r Savings in Urb an Pakistan”, Pro ceedings, 3 rd IR C, Sza bist, Published by : Szabist, Ka rachi, Pakistan,
December 15, 2013-December 15, 2013.
Mohammad Kamran M umtaz, ” Integrated loc ation rou ting decision problem in a milk co llection net work”, LUMS Res earch S eminar S eries 2013,
February 14, 2014.
Salman Ahmed Shaikh, ”Investment Decisions by Analysts”, Proceedings, 3rd IRC, Szabist, Published by: Szabist, Karachi, Pakistan, December 15,
2013-December 15, 2013.
Journal - ERA:
Faculty of Business Administration:
1.
2.
Dr. Mahnaz Fatima, ”Impact of ISO 9000 on Business Performance in Pakistan: Implications for Quality in Developing Countries”, Quality Management
Journal, Vol: 21, Issue: 1, Page(s): 16-24, Published by: American Society for Quality., USA, United States, January 1, 2014.
Dr. Nausheen Hafeeza Anwar, ”Urban Transformations: Brokers, Collaborative Governance & Community Building in Karachi’s Periphery”, South Asian
History and Culture, Vol: 5, Issue: 1, Page(s): 75-92, January 1, 2014.
Faculty of Computer Science:
1.
2.
3.
4.
Ali Raza, Dr. Sajjad Haider, ”Designing and Optimization of Omni-directional Kick for Bipedal Robots”, Lecture Notes in Computer Science,, Vol: 7906,
Page(s): 292 – 301, July 1, 2013.
Syeda Saleha Raz a, Dr. Sajjad Haider, Mary-Anne W illiams, ”Robot Re asoning using First-Order B ayesian Net works”, Lecture N otes in Computer
Science, Vol: 8032, Page(s): 1-12, August 1, 2013.
Dr. Qura tulain N izamuddin R ajput, Nida Sadaf Khan, As ma Larik , Dr. S ajjad Hai der, ” Ontology b ased Expert System fo r Sus picious Trans actions
Detection”, Computer and Information Science, Vol: 7, Issue: 1, Page(s): 103-114, Published by: Canadian Center of Science and Education, January
1, 2014.
Dr. Qura tulain N izamuddin R ajput, Nida Sadaf Kh an, As ma La rik, Dr. Sajjad H aider, ” Ontology Bas ed Expert-Syst em fo r Sus picious Tra nsactions
Detection”, Computer a nd Information Sc ience (CIS ), Vol: 7, Issue: 1, Page(s): 103-114, Published by : Canadian C enter of S cience and E ducation,
January 13, 2014.
BUDGET 2014-15
Page 60
Journal - ISI:
Faculty of Business Administration:
1.
2.
3.
4.
5.
6.
Kashif Imran, Dr. Moha mmad Ni shat, ” Determinants o f b ank credit in Pak istan: A supply s ide appr oach”, Ec onomic Modelling, Vol: 35, Issue:
September, Page(s): 384-390, September 1, 2013.
Syeda Beena Butool, ”Pakistani Responses to AfPak Policy: Local Narratives and an Ending Global War?”, Asian Survey, Vol: 53, Issue: 6, Page(s):
1005-1036, Published by: University of California Press, Berkley, United States, December 1, 2013.
Naeem Sa diq, Dr. M. Sh ahid Qure shi, ”Estimating R ecurrence Inte rvals of Ext reme Ra infall through a P robabilistic Modelling ap proach for differ ent
urban areas of Pakistan”, The Arabian Journal for Science and Engineering., Arab J Sci Eng (2014), Vol: 39, Issue: 1, Page(s): 191-198, Published by:
Springer Publishing, Saudi Arabia, January 1, 2014.
Asif Ali A bbasi, Dr. M . Shahid Qures hi, ”Estimating Glo bal, Diffus e Solar Radiation fo r C hhor and Va lidate with S atellite -Bas ed Data”, Th e Arabi an
Journal for Science and Engineering, Vol: 39, Issue: 1, Page(s): 175-179, Published by: Springer Publishing, Saudi Arabia, January 1, 2014.
Unbreen Qay yum, Musleh-ud Din, Dr. Adnan Ha ider, ” Foreign Aid, Ex ternal De bt a nd G overnance”, Ec onomic Modelli ng, Vol: 37, Issue: February,
Page(s): 41-52, Published by: Elsevier, London, England, February 1, 2014.
Dr. Naus heen Ha feeza Anwar, ”The P ostcolonial City in Sou th As ia”, Sin gapore Journal of Tropical G eography, Vol: 35, Issue: 1, Page(s): 22-38,
Published by: WILEY-BLACKWELL, March 1, 2014.
Faculty of Computer Science:
1.
2.
Dr. Juna
id Al
am Kha
n, ”
On th
e
(De) Ho
mogenization
of S
agbi B
ases”, Ana
lele St
iintifice a
le Univ
ersitatii
Ovidius Constanta, Seria Matematica, Vol: 21, Issue: 2, Page(s): 173-180, Published by: Ovidius University, Constanta, Romania, Romania, July 16,
2013.
Dr. Junaid Alam Khan, ”Converting Subalgebra Bases with the Sagbi Walk”, Journal of Symbolic Computation, Vol: 60, Page(s): 78-93, Published by:
ELSEVIER, United States, January 1, 2014.
Journal - National:
Faculty of Business Administration:
1.
2.
3.
4.
Qudsia T ariq, Dr. Ze enat I smail, Assma A shraf, ”Humor a s a n Effective Stres s Co ping Strategy fo r Cardiac Patients”, Bahria J ournal of Profe ssional
Psychology(BJPP), Vol: 12, Issue: 2, Page(s): 7-23, Published by: Bahria Journal of Professional Psychology(BJPP), Karachi, Pakistan, July 1, 2013.
Dr. E rum Haf eez, ” Facebook Us age P atterns in Pak istani Y outh a nd its S ocio-Psychological Implic ations”, Ac cepted for pu blication: J ournal of Social
Sciences and Humanities, Faculty of Arts., Published by: Faculty of Arts, University of Karachi, Karachi, Pakistan, July 1, 2013-December 31, 2013.
Dr. Adnan Haider, Asad J an, Kalim Hyder, ”On the (Ir) Relevance of Moneta ry Aggregate Targeting in Pak istan: An Eclectic View”, Lahore J ournal of
Economics, Vol: 18, Issue: 2, Page(s): 65-119, Published by: Lahore School of Economics, Lahore, Pakistan. Lahore, Pakistan, December 3, 2013.
Dr. Adnan Haider, Dr. Qazi Ma sood Ahme d, Zohaib J awed, ”Determinants o f Energy I nflation in P akistan: An Emp irical A nalysis”, Pak istan
Development Review, Vol: 52, Issue: 4, Page(s): 1-20, Published by: Pakistan Institute of Development Economics, Islamabad, Pakistan, December 24,
BUDGET 2014-15
Page 61
2013-December 26, 2013.
Faculty of Computer Science:
1.
AHMED, Rizw an R aheem, Yaseen Ah med Meenai, HUSSAIN F azal, ”Study o f Ec onomic Development of Pak istan through S tock Market: Casual
Relationship Of Stock Prices And Ma croeconomic I ndicators”, Jo urnal o f B usiness R eview (ISSN = 1990-6587), Vol: 8, Issue: 2, Page(s): 124-141,
Published by: IBA Karachi, Karachi, Pakistan, July 1, 2013.
Journal - Other International:
Faculty of Business Administration:
1.
2.
3.
4.
5.
6.
Mohsin H asnain A hmad, Dr. Qa zi Ma sood Ah med, ” Trade Facilitatio n, Re gulatory Q uality and E xport Performance: Empirical Investig ation for S outh
Asian Countries”, Indian Journal of Economics and Business, Vol: 12, Issue: 2-4, July 1, 2013.
Dr. Zeenat Ismail, Saba Ali, ”Human Brands: Investigating Antecedents to Consumers’ Strong Attachment to Celebrities”, Review of Integrative Business
& Economics Research Journal, Vol: 2(2013), Issue: 2, Page(s): 53-59, Published by: RIBEJ, Bangkok, Thailand, July 1, 2013.
Hans Degryse, Dr. Muhammad Ather Elahi, María Fabiana Penas, ”Determinants of Banking System fragility, a regional Perspective”, European Central
Bank Working paper series No. 1567, July 1, 2013.
Dr.Qudsia Ta riq, Dr. Zeenat I smail, ” Reasons for Pak istani W omen to St ay/Leave an Abusive Re lation”, ME DITERRANEAN JOURNAL OF SO CIAL
SCIENCES, Vol: 4, Issue: 6, Published by: MEDITERRANEAN JOURNAL OF SOCIAL SCIENCES, USA, United States, July 12, 2013.
Dr. Kamra n Siddiqui, Saima H usain, ” ZARCO Exchan ge: C orporate G overnance Fa ilure”, IUP Journal o f Corporate Governance, Vol: 12, Issue: 4,
Page(s): 57-61, Published by: IUP Publication, India, October 1, 2013.
Salman Ahmed Shaikh, ” Economic A nalysis o f Islamic Ban king in Pak istan”, J ournal o f Mua malat a nd Is lamic Fina nce R esearch, Vol: 10, Issue: 1,
Published by: University Sains Islam Malaysia, Kaula Lampur, Malaysia, December 31, 2013.
Faculty of Computer Science:
1.
Shama Siddiqui, Dr. Sayeed Ghani, ”Analytical Model for Delay Distribution of PRMAC”, IEEE Proceedings of 11th International Conference on Frontiers
of Information Technology, (FIT), Islamabad, Pakistan, December 16, 2013-December 18, 2013.
Major Intellectual contribution:
Faculty of Business Administration:
1.
2.
Dr. Syed Noman Ul Haq, ”On the Virtues of Vices”, Dawn Books and Authors, July 11, 2013.
Dr. Syed Noman Ul Haq, ”From the Guadalquivir to the Edge of Indus”, Dawn Books and Authors, July 14, 2013.
BUDGET 2014-15
Page 62
3.
4.
5.
6.
7.
8.
9.
10.
N. Trakakis, Graham Oppy, Dr. Syed Noman Ul Haq, ”Medieval Philosophy of Religion”, Acumen, London, England, July 31, 2013.
Dr. Syed Noman Ul Haq, ”Whither Portraiture?”, Dawn Books and Authors, September 8, 2013.
Amir Hussain, ”Co-Editor: 5th 2013 ICICT Proce edings (IEEE)”, IEE Xplore, Published by: IEEE, Karachi, Pakistan, December 14, 2013-December 15,
2013.
Dr. Syed Noman Ul Haq, ”'The Horribly Howling’ and ‘the Victor’”, Dawn Books and Authors, December 15, 2013.
Dr. Nadya Qamar Chishty Mujahid, ”Invited book review of Elizabeth Gilbert's The Signature of All Things”, DAWN newspaper, January 1, 2014.
Dr. Nadya Qamar Chishty Mujahid, ”Invited book review of Kamila Shamsie's A God in Every Stone”, DAWN newspaper, January 1, 2014.
Dr. Nadya Qamar Chishty Mujahid, ”Explaining the Major Themes in English Poetry”, Book with the Edwin Mellen Press, January 1, 2014.
Dr. Syed Noman Ul Haq, ”On the Romance of the Metaphorical with the Real”, Dawn Books and Authors, February 9, 2014.
Faculty of Computer Science:
1.
S. Khurs heed Alam, ”STATISTICS - Con cepts and method s”, TEXT BOOK, Vol: 1, Issue: 17th, Page(s): 800, Published b y: IQRA PUB LISHERS,
KARACHI, Pakistan, August 1, 2013.
BUDGET 2014-15
Page 63
Institute of Business Administration, Karachi
Overview of Budget
I Total Expenditure
a) Operational Expenditure
b) Centers
c) Capital Expenditure
II Total Resources
a) Operational Revenues
b) Resources for Capital Projects
(Rs. in 000)
Budget
2014‐15
Budget
2013‐14
Projected
Actuals
1,510,437
(12,467)
959,704
2,457,674
1,317,317
(2,597)
1,250,511
2,565,231
1,210,179
4,206
1,045,399
2,259,784
1,453,280 1,087,895 1,148,473
690,930 835,409 607,942
2,144,210 1,923,304 1,756,415
(Deficit)/Surplus
(313,464) (641,927) (503,369)
(Deficit)/Surplus (Excl. Depreciation & Amortization)
(135,474) (413,378) (337,077)
BUDGET 2014-15
Page 64
Institute of Business Administration, Karachi
Budget 2014‐15
(Rs. In 000)
Note Ref
Budget
2014‐15
Budget 2013‐14
Projected Actuals 2013‐14
Operating Revenues
Program Revenue
R‐1
734,840 583,961 604,712
Non‐Program Revenue
R‐2
120,104 59,992 79,777
Scholarships
R‐3
72,222 47,853 51,046
Talent Hunt Program
32
42,526 21,537 22,712
Scholarships & Talent Hunt Program
Total Operational Revenues
969,691 713,343 758,247
Interest Income
R‐4
109,963 99,372 96,122
Government Grants
HEC ‐ Recurring Grant
110,000 91,756 91,756
HEC ‐ Grant against PSDP Project
32,103 ‐
Govt. of Sindh ‐ Grant in Aid
60,000 50,000 50,000
27,724
202,103 141,756 169,480
Total Internal Resources
1,281,757 954,471 1,023,848
Deferred Income Amortization
Amortization against Externally funded Capital Projects
171,523 133,424 124,624
1,453,280 1,087,895 1,148,473 Total Income
Operating Expenses
Employment Cost
1
621,108 573,356 514,163
Training & Development
2
40,228 30,408 30,453
Faculty Research Grants and Expenses
3
5,000 5,000 2,779
Seminars, Meetings, & Convocation Expenses
4
7,922 8,018 5,872
Accreditation, Memberships and Linkages
5
2,500 2,164 1,560
Quality Enhancement Cell (QEC)
6
5,164 2,774 3,278
Library Services 7
10,100 7,300 10,126
Ardeshir Cowasjee Writing Centre
8
1,607 ‐
Students' Transportation
9
23,603 21,804 21,571
Scholarships
10
91,430 63,689 66,191
Talent Hunt Program
11
53,421 28,602 25,923
Utilities
12
91,230 67,200 77,519
Fuel & Diesel Expenses
13
12,000 15,000 11,229
BUDGET 2014-15
‐
Page 65
Traveling Expenses
14
6,048 4,471 4,965
Printing and Stationery
15
14,715 14,624 12,366
Communication
16
4,350 3,200 3,676
Insurance Expense
17
14,600 10,900 10,297
Advertising Expense
18
6,500 5,800 4,900
Entertainment
19
3,700 3,300 3,394
Other Administrative Expenses
20
1,250 950 345
Security Services
21
10,530 5,544 8,497
Temporary Rented Facility (APWA)
22
2,376 2,970 2,970
Contingent Expenses
23
1,000 1,000 730
Legal and Professional Charges
24
3,356 2,413 2,348
Bank Charges
25
600 450 320
Overheads recovered from IBA‐Centers
26
(38,725) (22,665) (6,859)
Repair & Maintenance
27
68,098 36,447 50,408
Residential & Lodging Facilities
28
2,733 ‐
ICT Services
29
89,678 57,626 46,928
Testing Services
30
4,804 3,000 3,315
31
349,513 361,973 290,917
1,510,437 1,317,317 1,210,179
Depreciation Expense
Total Operating Expenses
‐
Total Operating Expenses (net of Depreciation)
1,160,924 955,344 919,263
Surplus/(Deficit) from IBA Activities
(57,157) (229,422) (61,707)
Surplus from IBA Activities (Excl. Depreciation & Amortization)
120,832 (873) 104,586
(Deficit)/Surplus from Profit Centers
32
12,467 2,597 (4,206)
(44,691) (226,826) (65,912)
(Deficit)/Surplus Surplus from IBA Activities (Excl. Depreciation & Amortization)
Capital Expenditure
133,299 1,724
33
Resources for Capital Projects
100,380
959,704 1,250,511 1,045,399
690,930 835,409 607,942
(135,474) (413,378) (337,077)
Net (Deficit)/Surplus BUDGET 2014-15
Page 66
Note Ref
R‐1
PROGRAM REVENUE
Budget 2014‐15
Sr. No. Programs Number of Amount * Students
Budget 2013‐14
Projected Actual 2013‐
14
Number of Students
Budget Amount Number of Students Projected Actuals IBA Regular Programs (BBA, BS, MBA & MS)
1
2
3
4
5
6
7
8
BBA
BS‐CS
BS‐Eco & Maths
BS‐Social Science
BS‐Acc & Finance
MBA
MS Economics (Morning)
MS Maths (Morning)
1151
424
354
194
440
186
20
17
315,744
65,760
55,280
28,800
102,045
49,956
2,706
2,244
1263
341
274
58
58
134
9
318,276
49,104
39,456
8,352
10,440
33,768
1,080
1201
369
253
109
272
137
13
7
301,140
48,672
35,136
12,096
47,070
34,776
1,500
780
2786
622,535
2137
460,476
2361
481,170
0
0
247
29
272
0
0
21
4
345
115
27,428
4,083
61,010
17,325
2,000
60
0
267
78
250
0
0
20
4
6,300
‐
28,056
8,190
62,500
16,439
2,000
33
2
223
56
273
0
0
19
2
4,494
273
35,511
4,998
58,899
18,057
1,309
573
112,305
679
123,485
608
123,542
3359
734,840
2816
583,961
2969
604,712
IBA Executive Programs
9
10
11
12
13
14
15
16
17
MS Economics Evening
MS Math Evening
MBA Evening
MS CS/IT
EMBA
Summer Regular
Summer School
PhD CS
PhD Economics
TOTAL PROGRAM REVENUE
* with Fee increase of 10%
BUDGET 2014-15
Page 67
Note Ref
R‐1A
PROGRAM REVENUE (Student wise)
Budget 2014‐15
Sr. No. Programs Budget 2013‐14
Total Students
Amount * Fresh Intake
Total Students
Budget Amount 250
120
110
90
180
100
10
10
1151
424
354
194
440
186
20
17
315,744
65,760
55,280
28,800
102,045
49,956
2,706
2,244
350
100
100
60
60
70
10
1263
341
274
58
58
134
9
870
2786
622,535
750
345
115
27,428
4,083
61,010
17,325
2,000
2
2
0
0
247
29
272
0
0
21
4
214
573
1084
3359
Average Fee Fresh Intake
Projected Actual 2013‐14
Fresh Intake
Total Students
Projected Actuals 318,276
49,104
39,456
8,352
10,440
33,768
1,080
292
151
116
113
274
97
13
7
1201
369
253
109
272
137
13
7
301,140
48,672
35,136
12,096
47,070
34,776
1,500
780
2137
460,476
1063
2361
481,170
6,300
‐
28,056
8,190
62,500
16,439
2,000
0
4
95
20
126
0
0
1
0
33
2
223
56
273
0
0
19
2
4,494
273
35,511
4,998
58,899
18,057
1,309
2
2
60
0
267
78
250
0
0
20
4
112,305
249
679
123,485
246
608
123,542
734,840
999
2816
583,961
1309
2969
604,712
IBA Regular Programs (BBA, BS, MBA & MS)
1
2
3
4
5
6
7
8
BBA
BS‐CS
BS‐Eco & Maths
BS‐Social Science
BS‐Acc & Finance
MBA
MS Economics (Morning)
MS Maths (Morning)
274,320
155,094
156,158
65,455
526,005
268,581
135,300
132,000
IBA Executive Programs
9
10
11
12
13
14
15
16
17
MS Economics Evening
MS Math Evening
MBA Evening
MS CS/IT
EMBA
Summer Regular
Summer School
PhD CS
PhD Economics
TOTAL PROGRAM REVENUE
111,043
140,776
224,301
80
10
120
BUDGET 2014-15
100
25
120
Page 68
Note Ref
R‐2
NON‐PROGRAM REVENUE
Budget 2014‐15
Sr. No. 1
2
3
4
5
6
7
8
9
Programs Admission Charges
Transcript
Lab cum Library Charges
Examination Charges
Development Charges
Testing Service
Comprehensive Exam Fee
Hostel Fee
Student Transportation Fee
TOTAL NON‐PROGRAM REVENUE
Budget 2013‐14
Projected Actual
2013‐14
Number of Students
Amount Number of Students
Budget Amount Number of Students Projected Actuals 780
780
3062
3062
3062
8815
200
275
125
14,400
1,920
21,067
6,019
12,038
35,260
1,600
19,800
8,000
875
875
2542
‐
‐
4835
225
230
125
8,750
875
15,252
‐
‐
15,720
1,350
12,420
5,625
826
826
5791
‐
‐
7345
195
261
124
11,820
1,182
12,978
‐
‐
29,696
1,169
14,518
8,415
120,104
BUDGET 2014-15
59,992
79,777
Page 69
Note Ref
R‐3
Scholarships
Budget 2014‐15
S.#
1
2
3
4
Name of Scholarships
HEC ‐ USIAD Scholarship HEC Need Based Scholarship
Sindh Endowment Scholarship *
Punjab Education Endowment Fund
Total
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Mubashira Hafeez Scholarship
A.W.K Scholarship
Aftab Associates Scholarship Habib Metropolitan Bank Ltd.
Oxford & Cambridge Scholarship
Shell Pakistan Scholarship
Abdul Fatah Memon Scholarship
G.M. Qureshi Scholarship
Lucky Cement / Abdul Razzak Tabba Scholarship
Barclays Scholarship
Bhaimian Foundation
Infaq Foundation
Anonymous Scholarship
SSGC Scholarship Philip Morris Pakistan Scholarship
Mateen Family Scholarship
Fauzia Rashid Scholarship
IBA Faculty Scholarship
Burj Bank
Amir Saleem Scholarship
Helium Pvt Ltd
Chevron
ICS Group
Abdul Wahid Butt
Azim Sultan Scholarship
Indigo Textile Scholarship
Akhtar Textile Scholarship
Syed Sarfaraz Ali Ghori Scholarship
Sehr Fatima ‐ Class of 1994 (Hasnain Sheriff)
Rummana Hasan ‐ Class of 1993
Total 35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
HBL Endowment Fund Scholarship PSO Endowment Fund Scholarship The Sapphire Endowment Fund Scholarship
Syed Mumtaz Saeed Scholarship
Feroze Textile Ltd Scholarship
Dr. I. A. Mukhtar Endowment Scholarship
IBA Karachi Class of 1986
Anonymous (General Shipping)
HBFC Scholarship
Sardar Yasin Malik (Hilton Pharma) Scholarship
IBA ‐ Atlas Foundation Scholarship
Muhammad Umar Khan Shaheed Scholarship
Atiya‐e‐Nasim Scholarship
Zahida Zorawer Endowment Scholarship
Jamsheed Marker Endowment Scholarship
Total
IBA Scholarship
Merit Based (New Students)
Merit Based (Existing Students)
Needs Based **
IBA ‐ HEC Scholarship (for Shortfall in tuition fee)
Total
50
a
b
c
d
Sub Total
Projected Actual No of Students Amount Rs. No of Students Amount(S) Rs. Budget 2013‐14 50
35
100
8
193
19,438,000
7,600,000
21,539,700
2,060,000
50,637,700 2,428,000
6,720,000
20,650,709
8
31
112
2,276,250
6,075,000
23,933,000
29,798,709
151
32,284,250
1
0
276,000
‐
‐
‐
360,000
724,000
138,000
138,000
5,490,815
252,000
504,000
252,000
500,000
780,000
1,256,000
126,000
126,000
4,023,461
504,000
504,000
252,000
2,520,000
588,000
756,000
528,000
264,000
1
236,000
‐
‐
5
2
1
1
2
1
1
3
4
4
1
10
5
3
1
1
140
300,000
‐
72,000
115,500
4,991,650
‐
252,000
‐
4,529,950
‐
‐
516,000
243,000
160,000
144,000
252,000
57,750
273,000
576,000
819,000
252,000
490,000
500,000
486,000
252,000
252,000
15,769,850
6
2
1
1
45
1
1
1
45
1
1
2
3
4
1
4
2
2
1
1
105
276,000
‐
2,760,000
612,000
‐
580,000
290,000
160,000
‐
276,000
276,000
552,000
828,000
1,104,000
276,000
500,000
500,000
552,000
276,000
276,000
17,220,815
3
2
1
1
1
1
1
1
1
4
3
1
2
1
3
26
240,000
552,000
80,000
276,000
560,000
80,000
160,000
80,000
276,000
320,000
583,000
160,000
320,000
80,000
596,000
4,363,000
252,000
487,271
115,005
378,000
567,000
126,000
239,091
205,856
504,000
189,000
504,000
252,000
3
264,750
1
2
4
2
2
3
1
2
3
1
126,000
378,000
549,000
135,000
234,000
189,000
252,000
189,000
531,000
144,000
3,567,223
24
2,991,750
47
75
10
5,292,000
8,820,000
1,260,000
464,000
15,836,000
35
70
33
132
6,486,000
10,350,000
1,380,000
992,000
19,208,000
138
4,347,000
8,085,000
2,362,500
351,000
15,145,500
456
91,429,515
63,689,393
453
66,191,350
20
2
2
1
1
500,000
252,000
‐
14,487,461
1
46
Note:‐ *Sindh Endowment scholarship is estimated on last year projected actual figure.
** 41 Students to be adjusted from Sindh Endowment Scholarship Program an Amount of Rs. 5,737,500/‐
BUDGET 2014-15
Page 70
R‐4
(Rs. In 000)
Budget 2014‐
15
Interest Income
Budget 2013‐14
Projected Actuals 2013‐14
General Reserves
25,109 28,704 40,693
Endowment Fund
79,498 66,482 50,788
Faculty Development Fund
5,356 4,186 4,641
109,963 99,372 96,122
BUDGET 2014-15
Page 71
Institute of Business Administration, Karachi
Budgeted Operating Expenses 2014‐15
Budget 2014‐15
Notes Ref.
1
Compensation and Benefits
Salary & Wages
Faculty
Full Time
Business Admin
CS & Maths
Visiting Faculty
Business Admin
CS & Maths
Teaching & Research Assistants
Faculty Support Staff
Management
Executives
Admin Support
PT Students
Work Study
Non‐academic Expenses
Administrative Support Staff
Management
Executives
Admin Support
Internships
Other Employment Cost
Over Time
Leave Encashment
Benefits
Long Term Benefits
Commutation & Pension Expense
Gratuity Expense
Provident Fund (IBA Contribution)
Group Insurance
Other Benefits
Hospitalization / Medical Insurance
Rewards
Staff Welfare
Invigilation Remuneration
Exemptions to Fee Waivers
(Rs. In 000)
Projected Actuals
185,299 146,354
82,215 64,592
39,049 33,663
31,150 24,076
800 521
24,302
6,641
6,753
10,000
500
21,005
6,143
5,542
12,865
488
68,276 58,095
8,582 7,809
45,707 40,840
500
20,908 20,513
29,405 20,769
24,112
6,515
9,722
750
21,865
5,511
8,440
553
11,018
1,500
2,205
2,700
2,500
10,192
1,227
1,145
‐
1,953
621,108 514,163
Total Employment Cost
BUDGET 2014-15
Page 72
Notes Ref.
Budget 2014‐15
(Rs. In 000)
Projected Actuals
338,513
171,261
50,313
61,021
621,108
269,206
152,787
41,283
50,886
514,163
36,103
1,500
2,625
40,228
25,788
1,803
2,862
30,453
5,000
2,779
2,467
885
775
1,050
690
200
‐
‐
200
300
1,355
7,922
1,741
88
515
808
45
25
558
538
123
220
1,211
5,872
2,500
1,000
(1,000)
2,500
1,560
1,722
(1,722)
1,560
4,399
465
300
5,164
2,946
220
112
3,278
Memo Items:
a)
b)
c)
2
Salary and Wage expenses
Faculty
Non‐Faculty
Overtime and Leave Encashment
Benefits
Total Employment Cost (a + b + c)
Training & Development
Faculty Development Program
External Expert Services
Staff Training & Development
3
Faculty Research Grants and Expenses
4
Seminars, Meetings, & Convocation Expenses
Convocation
Social Events
Orientation Program
Open House
Alumni & RM
Public Affairs
ICICT
ICM
CDC
FCS Seminars
Misc. Seminars, Conferences and Meetings
5
6
7
Accreditation, Memberships and Linkages
Subscriptions and Memberships
Students' Exchange Program, Academic Competitions
Reimbursements from exchange program commitments
Quality Enhancement Cell (QEC)
Payroll Expense
Operations
AACSB related activities
Library Services Newspapers Periodicals & Journals
Sources for Research Data Centre
BUDGET 2014-15
600 288
2,250 2,341
3,250 3,386
Page 73
(Rs. In 000)
Budget Projected 2014‐15
Actuals
4,000 4,111
10,100 10,126
Notes Ref.
Online Subscriptions
8
Ardeshir Cowasjee Writing Centre
9
Students' Transportation
Drivers' Salary & Allowances
Fuel
Repair & Maintenance
Rented Vehicles
Insurance Expenses
Taxes
10
Scholarships
IBA Scholarships
Merit Based
Need Based
HEC
Sindh/Pujab Endowment
Others
11
National Talent Hunt Program
12
Utilities
Gas
Water
Electricity
Generators on Rentals
13
14
Fuel & Diesel Expenses
Fuel ‐ Vehicles
Diesel for Generators
‐
3,409
13,000
2,300
3,116
1,357
421
23,603
3,264
11,292
3,701
2,306
869
139
21,571
16,836
2,372
27,038
23,600
21,584
91,430
12,432
2,714
8,351
23,933
18,762
66,191
53,421
25,923
500
3,500
85,356
1,874
91,230
20
7,174
68,432
1,893
77,519
8,000 6,440
4,000 4,789
12,000 11,229
Traveling Expenses
Traveling Expenses ‐ Foreign
1,446 1,257
(including reimbursement of traveling to outsiders & students)
Traveling Expenses ‐ Domestic
(including reimbursement of traveling to outsiders)
Other Traveling Expenses
15
1,607
3,990 3,469
612 239
6,048 4,965
Printing and Stationery
Printing and Publication
BUDGET 2014-15
Page 74
Budget 2014‐15
850
900
925
1,000
1,000
4,675
(Rs. In 000)
Projected Actuals
796
812
387
900
840
3,735
Office Stationery
Photocopy Charges
Printers' Toners
Master Roll & Copy Printer Ink
Others ‐ Printing & Stationery
Total Printing and Stationery
2,000
1,000
5,000
540
1,500
14,715
1,886
955
4,373
‐
1,416
12,366
Communication
Postage/Courier
Telephone/Mobile
Others ‐ Communication
Total Communication
1,400
2,400
550
4,350
1,343
1,761
572
3,676
14,600
10,297
Notes Ref.
Prospectus
Graduate Directory Printing
Alumni Newsletter, Directory & Cards
Transcripts & Degree Printing
Others ‐ Printing & Publication
16
17
Insurance Expense
Vehicles, Buildings, Furniture, Fixtures
Generators, Office Equipment, Computers & Peripherals
Total Insurance Expense
14,600 10,297
18
Advertising Expense
6,500
4,900
19
Entertainment
3,700
3,394
20
Security Services
Security Expense ‐ Outsourced
10,530 8,497
Memo Item
Compensation and Benefits of Security Staff (from Budget head 1) Rs.9.3 million
21
Other Administrative Expenses
Uniforms
Degree Verification Charges
Sports Supplies
Contribution to University Fund
Total Other Administrative Expenses
800
200
150
100
1,250
305
4
‐
36
345
22
Temporary Rented Facility (APWA)
2,376
2,970
23
Contingent Expenses
1,000
730
BUDGET 2014-15
Page 75
Notes Ref.
24 Legal, Consultancy and Professional Charges
Audit Fee & Other Expenses
Audit Fee
Out of Pocket Expenses
Consultancy Fee
Financial Consultancy
HR Consultancy Other ‐ Consultancy
Bank charges
Bank Charges
Fee Collection Charges
(Rs. In 000)
Projected Actuals
440 375
66 38
506 413
150
1,000
200
1,350
Legal charges
Legal & professional charges
Total Legal and Professional Charges
25
Budget 2014‐15
43
319
‐
362
1,500 1,573
3,356 2,348
350 293
250 27
600 320
26
Overheads recovered from IBA‐Centers
(38,725) (6,859)
27
Repair & Maintenance
Building and Structures
Air conditioners & Chillers
Generators
Motor Vehicles
General Mach. & Equipment
Furniture and Fixture
Other Repair & Maintenance
Total Repair & Maintenance
38,727
18,076
3,894
2,500
2,150
1,600
1,150
68,098
28,650
14,358
1,255
2,406
1,920
1,580
239
50,408
Residential & Lodging Facilities (Aman Tower/VFR)
Outsourcing Services
Kitchen Supplies
Bedrooms Supplies
Common Area Supplies
General Maint ‐ Residential Facilities
Total Residential & Lodging Facilities
1,533
500
350
150
200
2,733
‐
‐
‐
‐
‐
‐
66,028
14,000
9,150
500
89,678
23,811
13,340
9,313
465
46,928
28
29
ICT Services
Repairs & Maint:‐ Computer Hardware and Software
Internet charges
Technology Licenses
Computer Supplies
BUDGET 2014-15
Page 76
Budget 2014‐15
(Rs. In 000)
Projected Actuals
4,804
3,315
Notes Ref.
Memo Item
Compensation and Benefits of ICT (from Budget head 1) Rs.22.0 million
30
Testing Services
Memo Item
Compensation and Benefits of Testing Services (from Budget head 1) Rs.2.58 million
Testing arrangement expenses (from Budget head 4) Rs.0.75 million
31
Depreciation Expense
Dep. Exp. ‐ Building & Structures
Dep. Exp.‐Equipment & Machinery
Dep. Exp. ‐ Computers & Peripherals
Dep. Exp. ‐ Software
Dep. Exp. ‐ Library Books
Dep. Exp. ‐ Vehicles
Dep. Exp. ‐ Furniture & Fixtures
Dep. Exp. ‐ Sports Goods
Total Depreciation Expenses
171,860
69,842
66,658
2,373
9,298
8,382
20,270
830
349,513
Total Operating Expenses
1,510,437 1,210,179 BUDGET 2014-15
107,866
60,261
84,496
12,879
7,980
7,085
9,720
630
290,917
Page 77
IBA ‐ EMBA Programs
Budget for the year 2014‐15
Budget 2014‐15
Budget 2013‐14
Projected Actual
Operating Revenue
Operating Revenues
61,010 62,500 58,899
Operating Expenses
Salaries, Wages Benefit etc.
3,065 3,491 3,614
Visiting Faculty & mentoring
11,000 10,000 6,706
Traveling Expenses
500 300 141
Printing & Stationary
500 500 21
Communication
200 200 37
Depreciation
600 600 146
Repair and Maintenance
200 100 25
Insurance 100 100 22
Advertisement
500 500
Entertainment
500 500 129
Office Supplies
100 100 55
Misc.
50 50 12
17,315 30,274 10,908
Surplus from the Program
43,695 32,226 47,991
BUDGET 2014-15
Page 78
IBA ‐ Ardeshir Cowasjee Writing Centre
Budgeted Income and Expenditure Statement
For the year 2014‐15
8
(RS.000)
Budget 2014‐15
Operating Revenue
Revenue from Endowment Fund
771
Operating Expenses
Salaries & Wages
Teaching / trainers' Remuneration
Printing and Stationery/Photocopy etc.
Communication
Events and meetings
Miscellaneous
Total Expenses
680
1,520
84
30
40
25
2,379
Profit / Loss
(1,607)
BUDGET 2014-15
Page 79
Talent Hunt Programs
Note Ref
11
Budget 2014‐15
(Rs.000)
Orientation/Foundation Program
Budget 2014‐15
Accommodation
Breakfast, Meals and Refreshments
Trainer’s remuneration for teaching
Mentor’s remuneration Other personal expenses of trainees / Stipend Miscellaneous expenses & Contingencies 1,980
3,584
1,184
258
1,200
(Testing Fee, Medical, Newspaper, Contingent expenses)
Total Orientation Cost
1,349
9,555
Salaries
Printing and Stationery
Postage & Courier Expense
Advertising Expense
Study Tour
Testing related Expenses
Misc. Expenses
Total Program Management Cost
3,605
216
251
382
520
250
242
5,466
Program Management Cost
Scholarship Fee
Scholarship Expense
Total Scholarship:
38,399
38,399
Total Talent Hunt Cost
53,421
Funding Sources
IBA, Karachi
Support from NTHP Fund
Ihsan Trust
Sindh Govt.
Other Donors (HEC. PEEF, CMEF‐KPK, BTHP etc.)
14,225
3,121
17,204
2,512
19,689
56,751
BUDGET 2014-15
Page 80
32
(Rs. In 000)
IBA ‐ Centers ‐ Operating Performance
Note Ref
Budget 2014‐15
Budget 2013‐14
Projected Actuals 2013‐14
Center of Executive Education Expenses
32‐A 9,286 9,003 1,725
Centre for Entrepreneurial Development
32‐B 3,639 (5,796) (3,145)
Centre for Business & Economic Research
32‐C (458) (610) (2,785)
Center for Journalism Excellence*
(Deficit)/Surplus from Profit Centers
32‐D ‐
‐
‐
12,467 2,597 (4,206)
* The center will be started in July 2014; all expenses will be funded through USAID and IBA will be paid for overheads only.
BUDGET 2014-15
Page 81
IBA ‐ Center of Executive Education ( CEE )
Note Ref
32‐A
Budget 2014‐15
Projected Actual 2013‐14
Budgeted Expenditure Statement
(Workshops, Diploma & Certificate Courses for Commercial Organizations)
For the year 2014‐15
OPEN ENROLLMENT WORKSHOPS
Workshops Family High End Workshops for Mid Business Workshops with ISB
Managers
Workshops
CUSTOMIZED WORKSHOPS
1 (atlas)
Diploma in Business Administration (1 Year)
Skill Development Diploma 3 Diploma 4 SDP Open (Human SDP General (Hospital Enrolment Resource Customized
CEE
Management) Program
Management
Diploma 1 Diploma 2 2 (sanofi) 3 (others)
(Project (Supply Chain Management) Management)
(Rs.000)
Operating Revenue
Total Revenue per program
11,520 10,000 18,900 4,500 7,972 4,000 8,750 6,250 6,250 6,250 6,250 11,100 1,125 ‐
102,867 38,275
Operating Expenses
Salary & Allowances
Teaching / trainers' Remuneration
9,903 9,903 7,520
2,496 2,000 13,973 1,002 1,215 480 1,344 2,730 2,730 2,730 2,730 5,000 240
Transportation & Traveling Expenses
Boarding & Lodging Expenses
1,000
‐
‐
38,670 9,132
400 1,400 964
210 345 3,897 ‐
300 4,752 4,345
Printing and Stationery/Photocopy etc. 384 800 90 100 12 90 120 260 260 260 260 135 13
2,784 1,596
Communication
‐
‐
‐
‐
‐
‐
‐
125 125 85
Repair & Maintenance
‐
‐
‐
‐
‐
‐
‐
Advertising Expense
1,050 1,500 1,350 750 ‐
‐
‐
Entertainment/Lunch etc.
450 1,200 900 180 392 40 175 ‐
Assessment
‐
Membership Fees
‐
Photography/ video recording
200 60 45 70 15 10 30 6 6 6 6 45 13
contingency
‐
Overheads to IBA
Total Expenses
22,022 6,852
2,831 1,407 700 1,020 2,266 1,158 2,528 1,735 1,735 1,735 1,735 2,924 249
7,411 8,717 17,267 4,467 7,797 1,778 4,197 5,129 4,964 4,994 4,994 9,279 785 11,803 93,581 36,550
Profit / Loss
4,109 1,283 1,633 33 175 2,222 4,554 1,121 1,286 1,256 1,256 1,822 340 (11,803) 9,286 1,725
500 500 183
200 200 200 200 675
‐
‐
‐
300 270
1,550
1,550 ‐
198 33 63 63
200
6,125 1,646
3,907 3,144
‐
BUDGET 2014-15
275 631 757
200
512 326
300 700 ‐
Page 82
Note Ref
IBA ‐ Centre for Entrepreneurial Development
USTDA PROJECTS
Budget for the year 2014‐15
Diploma in EDP Ent course for British Entr training Family Balochistan/
technical Council
for faculty
Business
Sindh
universities
Funding
Revnue from Programs/Workshops
Inccubation
Operating Expenses
Salary Expense(Staff)
International Training on Entrepreneurship Strategies
PGD Faculty Lodging & Traveling ‐ International
Lodging & Traveling ‐ Local
Curriculum Design
Trainings
Event Management
Faculty Remuneration Enterntainment
Printing & Strationary
Student Support‐Hostel
Outsourcing
Advertisement
GEM Membership fees
Miscelleneous
Overheads to IBA
32‐B
11,018
10,000
800
10,000
800 11,018
1,000
1,000
2,000
800 500
200
1,500
1,053
1,053
1,300
1,300
Rs. 000
GEM Pakistan Project
EDP
3,795
10,688
3,795
10,688
420
3,000
400 500
300
300 150 100
3,430
1,000
500
13,200
200
560
500
200 13,200
1,060
Budget 2014‐15
‐
53,114
8,597
5,615 7,091
2,000 2,000
2,000
2,060
1,900
3,500
800 800
200 980
6,940
1,720
1,350
5,080
500 1,800
500 2,000
1,050
1,000 1,000
9,680
300
1,700
180
1,700 140 1,200
1,500
220
300
200
1,350
300
1,000
300
1,050
4,000
Total Expenses
6,800
500 8,230
750 1,100
2,780
6,900
140 9,400
‐
5,000
Surplus / Loss from CED Operations
3,200
300 2,788
303 200 1,015
3,788
60 3,800
1,060
(5,000) 3,639
BUDGET 2014-15
Projected Actual
41,054
11,560 8,072
500 525
1,000
400 360
350 1,050
200 100
600
Incubation Consultancy Women & Other Other
Clinics
Entrepr.
Programs
49,475
1,590
49.23
773
1,460
138
63
571
7
11,743
(3,145)
Page 83
IBA ‐ Centre for Economic & Business Research
Note Ref
32‐C
Budget for the year 2014‐15
Rs. 000
Budget 2014‐15
Budget 2013‐14
Projected Actual
Operating Revenue
Project 1 SBP (CCI+PCI)
Project 2 IFPRI
Project 3 Sindh Government
Income from Business Review
5,500 4,133 4,133
2,400 1,000 2,710
1,800 5,000
450
240
Total Revenues
10,150 10,133 7,083
Operating Expenses
Salary Wages and Benefits
Researcher's Remuneration
Transportation & Traveling Expenses
Business Review Printing/Stationery & Postal etc.
Communication (Telephone, Internet etc.)
Entertainment
Others
Overhead to IBA
Total Expenses
Surplus/(Deficit)
2,677
4,500
1,400
300
80
500
200
951
10,608
2,018
5,000
2,500
300
25
200
200
1,500
11,743
2,729
5,982
64
231
80
590
215
(24)
9,868
(458) (1,610) (2,785)
BUDGET 2014-15
Page 84
IBA ‐ Centre for Journalism Excellence
Budgeted Income and Expenditure Statement
For the year 2014‐15
32‐D
(RS.000)
Budget 2014‐15
Operating Revenue
Revenue
46,552
Operating Expenses
Salaries & Wages
Traveling & Per Diem
Supplies
Other Direct Costs
Overheads to IBA
Total Expenses
12,240
23,220
1,320
3,700
6,072
46,552
Profit / Loss
‐
BUDGET 2014-15
Page 85
Note Ref
33
Planned Capital Expenditure
2014‐15
Description
Buildings & Structures
(Rs. in 000)
Computers & Furniture & Machinery & Softwares
Peripherals
Fixtures
Equipment
Library Books
Vehicles
Total
Budgeted Civil Works Projects 2014‐15 (including Interior décor, Furnishing & ICT Equipment)
Other Capital Expenditure
764,966
2,500
767,466
60,183
60,183
3,500
3,500
96,740
5,070
1,800
98,540
9,930 7,000
15,000 7,000
BUDGET 2014-15
866,776
8,015
8,015
92,928
959,704
Page 86
Budget 2014‐15
Civil Works Project Code
401 RC
401.1
401.1.1
401.1.2
401.1.3
401.2
401.2.1
401.2.2
401.2.3
401.2.4
401.3
401.3.1
401.3.3
401.3.2
401.4
401.4.1
401.4.2
401.4.3
401.4.4
401.4.5
401.4.6
401.4.7
401.4.8
401.4.9
402
RM
402.1
402.1.1
402.1.2
402.2
402.2.1
Project Title
Budget 2014‐15
Renovation Projects at City Campus
Faysal Bank Academic Centre
Refurbishment, Renovation of Class Rooms(BW) (First Floor)
Furniture Fixtures of class rooms including ground floor and IT component
Addition of Class rooms on G.F +Bathrooms (BW)
HBL Academic Centre
Renovation & extension including voice and Data Cabling
Furniture Fixtures including G.F. & 4th floors (F&F)
Elevator
Parking Area Development
Towfiq Chinoy Building (Administration Block)
Extension of Admin Block including A/C, Server room
Phase‐II of Admin Block & Façade Development
Furniture for new extension(F&F)
External Development
Building works (Shifting of Substation)
Load Extension From 374 to 850 KW
Construction of New Substation & Shifting of Generators
New Connection for AMAN Tower (from KESC to City Campus)
Gas, Water & Sewerage Connections
Gas ‐ Internal Pipelines
External Development (including Parking Area Development)
AMAN Tower Grilled Front Wall
AMAN Tower South Wall and ramp
Sub total
132,946
55,691
5,865
71,389
86,016
78,417
4,064
3,535
‐
69,876
67,155
1,797
923
141,070
7,510
2,046
44,411
13,603
12,000
2,500
49,000
5,000
5,000
429,907
‐
149,000
127,000
22,000
63,589
63,589
43,085
31,446
11,640
‐
1,535
1,535
38,407
5,907
2,500
20,000
5,000
5,000
39,942
Renovation Project at Main Campus
402.2.2
402.3
Mian Abdullah Library
Civil, Electrical, Mechanical & HVAC & interior(BW)
Interior Decoration & Furniture
G & T Auditorium
Civil, Electrical, Mechanical & HVAC(BW) Interior & furniture(F&F) (Fountain area lobbies, sitting area, back stage, stage, etc.)
Adamjee Academic Block
402.3.1
402.3.3
402.3.2
402.4
402.4.1
New class room and old Class Rooms renovation including bathrooms, A/C Façade Ramp & Construction(BW)
Class Rooms Furniture & Seminar room (F&F) & IT
Sir Anwar Pervaiz Boys Hostel
On going Works of renovation
402.4.2
402.5
402.5.1
402.5.2
Furniture For Dorm, GYM, Laundry, lounge, Kitchen Building, new rooms, dining
Fauji Fertilizer Building (Administration Block)
Ground + 3 Stories
Interior Decoration & Furniture
Elevator
Data Center
Improvement of Staff Town
Building Works
Sub Total:
402.5.3
402.6
402.6.1
Cost of Completion of Project
BUDGET 2014-15
0
98,310
‐
93,620
4,690
94,744
90,954
3,790
199,151
171,229
23,000
3,535
1,387
136,926
136,926
743,106
‐
54,424
35,788
15,101
3,535
‐
97,509
Page 87
Budget 2014‐15
Civil Works Project Code
403
NC
403.1
403.2
403.3
403.3.1
403.5
403.6
403.6.1
403.6.2
403.6.3
403.7
403.7.1
Cost of Completion of Project
Project Title
New Projects at City Campus
Master Plan of IBA City Campus
Captive Power Generation Student lounge and Canteen
Building Works
Security & Pump Room
AMAN Tower
Building Works
Interior Decoration & Furniture
Extension of Basement
Auditorium (JS)
Building Works
95
2,064
5,347
5,347
1,297
1,079,058
975,000
100,000
4,058
‐
Sub Total:
404
NM
404.1
404.1.2
404.1.3
404.1.4
404.2
404.2.1
404.2.2
404.2.3
404.2.4
404.2.5
404.3
404.3.1
404.3.2
404.3.3
404.4
404.4.1
404.4.2
404.4.3
404.5
404.5.1
404.5.2
404.5.3
404.5.4
404.6
404.6.1
404.6.2
404.6.3
404.7
404.8
404.8.1
404.8.2
404.8.3
404.9
404.9.1
404.9.1a
404.9.2
404.9.3
Budget 2014‐15
1,087,860
‐
470,000
400,000
70,000
‐
470,000
New Projects at Main Campus
UBL Sports Arena
Sports Ground
Electrical Conduits & Piling for Poles
Pavilion
Capt. Haleem Siddiqui Boys Hostel
Building Works ‐ Block A Furniture & Fixtures ‐ Block A
Building Works ‐ Block B&C
Furniture Works ‐ Block B&C
Boundary wall including external lights
Tabba Academic Block
Building Works Interior Decoration & Furniture & Fixtures IT infrastructure Alumni Student Centre Building Works Furniture & Fixtures (Interior decoration)
GYM & other sports Equipment
M. Habibullah Visiting Faculty Residence
Building Works
Furniture & Fixtures
IT infrastructure External Development
NBP Technology Block (Multipurpose Bldg)
Building Works (G.F) Upgradation of Server room
Building Works (F.F) Façade uplifting
Girls Hostel Extension and furniture New Girls Hostel
Building Works Furniture & Fixtures
External Development
External Development
Roads, Pathways, Parking, Landscaping, Water & Sewerage system
Sewerage Treatment Plant
Construction of Three KESC Substation
Electrical system Rectification
BUDGET 2014-15
44,765
38,000
10,000
376,915
143,050
5,920
214,000
5,945
8,000
247,852
235,962
11,890
176,030
169,000
7,030
‐
128,580
110,767
4,269
879
12,665
25,161
9,867
12,294
3,000
11,891
139,933
118,503
21,430
‐
512,643
93,228
25,000
4,600
5,189
80,000
‐
80,000
‐
‐
‐
11,000
5,000
3,000
3,000
‐
90,523
61,019
12,504
Page 88
Budget 2014‐15
Civil Works Project Code
404.9.4
404.9.5
404.9.6
404.9.7
404.9.8
404.9.11
404.9.12
404.9.13
404.9.16
404.9.17
404.9.18
404.9.19
404.9.20
404.1O
404.10.1
404.10.2
404.11
404.11.1
404.11.2
404.12
404.13
405
CT
405.1
405.1.2
405.2
405.3
405.4
405.5
Cost of Budget Completion of 2014‐15
Project
New Connections HT of 660 KW ‐ Staff Colony
978
New Connections HT of 750 KW ‐ Boys Hostel
3,055
Extension of Load from 400 KW to 2500 KW
54,537
Electrical Infrastructure inc: Back up Power includes power hub for SS1 & SS2
132,000
Water Pipe Line
80,781
9,326
Sui Gas Connection MC
External Development ‐ Boys Hostel
12,200
External Development ‐ Staff Colony
10,600
Electrical Infrastructure ‐ Boys Hostel
16,771
Electrical Infrastructure ‐ Staff Colony
21,000
Waste Water Disposal System (Boys Hostel & Staff Colony)
7,000
2,500
Sui Gas ‐ Internal Pipelines
Street & External Lighting System
17,000
17,000
Sir Anwar Perviz Prayer Hall
16,529 ‐
Building Works
16,529
‐
Furniture & Fixtures
Aman Centre for Entrepreneurial Development
267,079
Building Works
252,057
Interior Decoration & Furniture & Fixtures 15,022
20,000
15,000
Clinic Building
7,500
7,500
Transport Facility Building
‐
Sub Total:
2,025,877
204,023
Project Title
Architect's, Consultants' & Project Managers' fee
Project Architects & Consultants fee
Project Architects & Consultants fee HEC Financed
Project Managers fee
Competition fee for new projects
Specialty Consultants
Professional Fee for AMAN Tower
Sub Total:
406 MISC
406.1
406.6
406.7
406.8
406.9
406.1O
406.11
406.12
406.13
406.14
Miscellaneous Works & Jobs
Construction of Security/Reception Rooms ‐ City & Main Campus
Unforeseen Works
Pedestrian Bridge
Cost of Project Execution Staff
Initial Setup Expenses for Temporary Faculty (APWA)
Lab‐16 City Campus and Server Room Main & City Campus
Soil Investigation & Structural Testing
Site Clearance of Staff Town
Furnished Site Office for Newspeak Furnished Site Office for Project Managers (Consult‐tec)
642
11,873
‐
137,590
1,319
5,704
1,216
350
81
137
Sub Total:
158,912
Grand Total:
BUDGET 2014-15
137,810
1,795
75,493
740
824
77,000
293,662
4,739,324
11,000
10,000
14,170
35,170
2,000
18,132
20,132
866,776
Page 89
ICT DEPARTMENT
Budget 2014‐15
(Rs. 000)
COMPUTERS & PERIPHERALS
S. No
DESCRIPTION
Units Total 1
Desktop PCs (Labs & Aman Tower) without stand
65
4,225 2
Cisco Core Switch with two Supervisor Engine and Complete Modules
1
14,350 3
IP Phones
40
1,120 4
Video Conferencing equipment for Aman Tower
1
2,000 5
Library Security System for City Campus ‐ RFID System for City Campus
RFID Solution ‐ Smart Card Solution for faculty, students and staff (Security, Canteen 1
7,500 6
& Students Center)
1
7,500 7
Multimedia Projectors
20
2,600 8
Smart Screen
20
5,000 9
Cisco Router For Internet
1
2,750 10
High end multimedia Projectors for Auditorium
3
2,025 11
Cisco Firewall
1
1,650 12
Touch Screen Terminals for Library
5
500 13
UPS
2
1,000 14
Desktop Scanners
9
200 15
Flash Drives / Pocket Drives
11
100 16
17
Digital Camera
Printers & Copiers
a. Black/white with LAN option
b. Printing Machine for Testing
c. Photocopier
d. All in one Printer
e. Color Printer
3
150 11
1
3
3
1
2,750 1,500 600 300 140 18
Misc. Hardware Items
1,500 19
Hardware Requirement for Research and Teaching
723 Total Hardware Cost
60,183
SOFTWARE
1
Human Resource Cost for ERP Financials & HCM Implementation
2
1,500 1
2,000 Misc. Software Requirement
2
Other Misc. Software
Total Software Cost
3,500 Grand Total:
BUDGET 2014-15
63,683
Page 90
Rs. 000
MACHINERY & EQUIPMENT
S. No.
Description
Quantity Total Cost 1
LED TVs (with Connections and Installation)
VFR/Aman Tower
2
LED TVs (with Connections and Installation)
Main Campus
40''
8
800
3
LED TVs (with Connections and Installation)
60''
2
600
4
Room Refrigerator
Library
VFR/Aman Tower
33
660
32''
45
1,800
Security Equipment
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
(Cameras, Walk Through Gates, Road Blockers, Walkie‐talkie Sets)
Security Equipment (Library)
Water Cooler along with filters
Attendance Machine Photocopy Machine
Insect Killer
Lamination Machine
Vacuum cleaner Microwave Oven
Digital Camera
Water Dispenser
Slide Changer Weighing Machines (Gym) Electric Tea Kettles
Misc Equipment from Boys Hostel
TOTAL MACHINERY & EQUIPMENT
4
1
30
3
4
5
1
4
5
2
2,310
2,700
200
200
150
150
33
60
50
50
56
25
20
6
60
9,930
Rs. 000
FURNITURE & FIXTURE
S. No.
Description
1
White Board 2
Other Misc Furinture Items
TOTAL FURNITURE & FIXTURE
Quantity Total Cost 25
1,000
800
1,800
Rs. 000
VEHICLES
S. No.
Description
Quantity Total Cost 1
2
3
4
Hino Coaster
Toyota Corolla GLi Car
Suzuki Cultus
Honda CD‐70 Motor Cycle
1
1
1
1
1
BUILDING & STRUCTURE
Refurbishment of Water and Sewerage Lines of Staff Town area
5,100
1,800
1,040
75
8,015
Rs. 000
Job
2,500
2,500
Rs. 000
LIBRARY BOOKS
1
Library Books
TOTAL
BUDGET 2014-15
7,000
7,000
Page 91
NOTES
NOTES