ISLAMABAD (Online)- Higher Education Commission (HEC) on Monday divided various universities running all over the country into four categories. In the first category (W) that meets all requirements, including three universities from the federal area. These universities include Foundation University, National University of Computer & Emerging Sciences (FAST) and Riphah International University. The universities of Punjab include Lahore University of Management Sciences, Lahore School of Economics, University of Lahore, University of Faisalabad, University of Management and Technology, Hajvery University, Beacon House National University, Gift University, Superior College, Lahore and Minhaj University, Lahore. The universities of Sindh include Agha Khan, Hamdard, IBM, IBT Indus Institute of Higher Education, Iqra University, Dadabhoy Institute of Higher Education, Greenwich University, Zia Ud Din University, Baqai Medical University, Newport Institute of Communication and Economics, Istra University, Sir Syed, Khadim Ali Shah, SZABIST, Karachi, Jinnah University for Women and Preston University respectively. The universities of NWFP that come under the charter of HEC include Ghulam Ishaq Khan Institute of Engineering and Technology, Topi, Abasyn University, Peshawar, Gandhara University, Peshawar, Qurtuba University of Science and Information, City University of Science and Technology, Preston University, Hohat, Sarhad University of Science and Technology and CECOS, Peshawar. On the other hand, two universities of Pakistan Occupied Kashmir failed to meet the requirements of HEC that include Mohiuddin Islamic University, Nerian Sharif. While talking to this agency, Director Quality Controller HEC Dr Riaz made it clear that all the universities and institutions are issued notices from time to time to fulfill the requirements and maintain standard and remove all shortfalls. ICCI hails reopening of equity markets The Islamabad Chamber of Commerce and Industry here on Monday welcomed the directive of Security and Exchange Commission of Pakistan (SECP) for reopening of three stock exchanges of the country, including Islamabad Stock Exchange.In a statement, Mian Shaukat Masud the ICCI president termed the step of removing the floor from December 15 as for normal trading. "It is a positive step for businessmen and investors as the decision will rebuild confidence of domestic as well as foreign investors," he remarked.He said the investors were eagerly awaiting the removal of the floor and now they will take a sigh of relief on the reopening of equity markets for normal trading. He said Pakistan needs vibrant and flourishing stock market as it is seen as a means for increased domestic resources mobilization, enhancing the supply of long term financing and encouraging the efficient use of existing assets. He said the proper growth of stock markets will lead to a lower cost of equity capital and thereby stimulate investment and growth.