Financial Guidelines

APPENDIX I. HEC STANDARD FINANCIAL GUIDELINES (PAKISTAN).

 

SR. #

Items

Total Allocation

1.

Equipment

As per requirements of the project

 

2.

Chemical/Glassware

(with full justification and details of quantity required for the project)

 

As per requirements of the project

3.

Accessories

As per requirements of the project (with full

justification)

4.

 

Journal Publication fee/on line material

As per requirement of the project up to Rs.

50,000/-

5.

Honorarium for PI

Rs. 100000/- each year

 

 

6.

Honorarium for Co-PI (if justified)

One month initial basic pay of scale once in

entire project life on mentioned rates either Co-PI

is working on BPS or TTS

Rs. 100000/- Final year (once in project’s

life)

 

7.

Studentships

·    MS/M.Phil. students

·    Ph.D. students

 

@ Rs. 20,000/- per month

@ Rs. 25,000/- per month

 

 

 

8.

Local Travel

( if required and full justified)

(Tentative schedule of visits for all the years of project life along with full justification and rates/calculations as per actual expenditure)

Maximum 0.2 million (02 lac) per year or as

per actual expenditure if field work/survey is involved; Moreover, students would be allowed  only  to  reimburse  actual expenditures incurred during their field visit if any.

9.

Secretariat Staff (if required)

Rs. 18,000 per year

10.

Stationary/Contingencies

Rs. 10,000 per year

11.

Any type of entertainment

Not Allowed

12.

Audit/Accounts

Rs. 20,000 (maximum)

13.

 

Other specific requirements

Depending upon the nature of the project if

fully justified

14.

 

University overhead

 

 

If ORIC is fully functional as per HEC criteria

15% of total direct cost to meet office support and utilities etc. of ORIC

 

If ORIC is not established

02% of total direct cost to meet research office support and utilities, etc.

 

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