A high-level committee constituted by the President, International Islamic University Islamabad, Prof. Dr. Ahmed Saad Alahmed, convened a detailed meeting to holistically review the University’s financial position, including past performance, current allocations, and future budgetary projections.
The meeting was chaired by Prof. Dr. Ahmed Shuja Syed, Vice President (Research & Enterprise), and focused on a comprehensive examination of the University’s previous year’s budget, the current financial year’s allocations, and the projected budget for the upcoming year.
The meeting was attended by Prof. Dr. Syed Zulfiqar Ali Shah, Dean, Faculty of Management Sciences; Prof. Dr. Abdul Rashid, Director General (IIIE); Mr. Feras Fahad A. Al-Hussain, Advisor to the President (Financial Affairs); Mr. Hassan Aftab, Director (HRM & D); Mr. Ayaz Ali, Acting Director (Finance); Ms. Nuzhat Zareen, Director (Audit); Mr. Muhammad Adnan Khan, Acting Director (P&D); and Mr. Abdulaziz Abdulrahman M. bin Hudaib, Additional Director to the President, IIUI.
During the session, which lasted approximately two hours, committee members engaged in in-depth deliberations on all major income streams and expenditure heads, with each component reviewed and discussed separately to ensure clarity, accuracy, and informed decision-making. The discussion aimed at developing a holistic financial review framework that would enable the University to move towards long-term financial sustainability, while building sufficient fiscal cushioning to accommodate future challenges.
As part of the deliberations, the committee constituted sub-committees and working groups tasked with undertaking detailed calculations, compiling relevant financial data, and conducting further analysis. These working groups will present their findings and recommendations in subsequent meetings of the committee.
This initiative has been undertaken on the special directions of President IIUI, Prof. Dr. Ahmed Saad Alahmed, with the objective of formulating a comprehensive, evidence-based financial review. A detailed and consolidated report will be prepared for submission to the relevant authorities and will also be shared with relevant statutory forums to ensure transparency and informed institutional engagement.
The committee will continue its work through additional sessions in the coming weeks as part of IIUI’s broader effort to strengthen financial planning, enhance institutional resilience, and ensure sustainable institutional growth.