LAHORE The Lahore College for Women University (LCWU) Monday announced to decentralise its budget for each faculty and asked all head of departments (HoDs) to submit their financial requirements for forthcoming fiscal year. LCWU Vice Chancellor Prof Dr Rukhsana Kausar while addressing deans and HoDs, said that decentralisation would support smooth functioning of all academic departments, besides saving time and energy to finalise routine expenditures and purchase of relevant items. The VC also passed instructions to establish purchase committees at all departments, which would be authorised for procurement after consulting the Central Purchase Department. VC Dr Rukhsana Kausar said that with the support of faculty, she would strive hard to bring the LCWU among top 500 universities of the world while her emphasis would be on academic excellence and research. The VC said she would examine all fiscal demands from the departments and would recommend increase in research grant in syndicate meeting. She said that faculty should also strive to transcend traditional disciplinary limitations in pursuit of intellectual fusion and develop a supportive culture of academic enterprise and knowledge-entrepreneurship. The LCWU must also be prepared to deliver higher education and promote creative thinking in students, she said. “The LCWU has well equipped science laboratories where fundamental and applied research for development and testing for special purposes are carried out. Fully equipped language laboratory, a well designed art studio, excellent studios and laboratories of mass communication, computer science and enriched libraries provide excellent environment to carry out innovative academic and research activities. Decentralizing the budget will bring more efficiency in existing curricular and co curricular activities to compete for better ranking” she added. In his presentation, LCWU’s Budget and Finance Officer Nisar Bazmi told participants to prepare departmental budget in a professional way. Bazmi briefed pariticpants about technicalities and basic principles for budget making.