The Khyber Pakhtunkhwa Government has approved a Rs2 bn bailout package for public sector universities to address their financial problems. Finance Minister KP Taimur Salim Jhagra in a statement here Monday said that 50 million additional grant was given to University of Peshawar and Abdul Wali Khan University Mardan on the basis of its better performance. The other universities for which the bailout package was approved include University of Engineering and Technology Peshawar, Gomal University DI Khan, Agriculture University Peshawar and Islamia College University Peshawar.