LAHORE - The Vice-Chancellors Committee meeting has resolved that government must allocate a minimum of 4 percent of GDP for education sector in the next budget for achieving higher literacy rate and improving the standard of education in the country. The meeting adopted a slogan Four to education-road to salvation to impress upon the ruling leadership that salvation of the country and nation lies in allocation of four percent of GDP to education sector. The Vice-Chancellors Committee meeting which was participated by as many as 40 Vice-Chancellors of the government run universities from across the country was held under the chairmanship of Prof Dr Imtiaz Gillani, Vice-Chancellor University of Engineering and Technology Peshawar. PU Vice-Chancellor Prof Dr Mujahid Kamran also addressed the meeting. In a unanimously passed resolution, stated that the Vice-Chancellors committee appreciates the release of funds by the Federal Government to meet immediate requirements of universities in their difficult financial conditions. The Vice-Chancellors Committee feels that all policy commitments made by government for education must be fulfilled in letter and spirit. The resolution further maintained that global average of spending on education is 4.9 percent of GDP while Pakistan ranks amongst the lowest in the entire world in terms of percentage of GDP spent on education promotion. The meeting resolves that the higher education must remain a federal subject while a well functioning control body is needed to develop, guide and steer higher education. The participating vice-chancellors, therefore, urged that HEC must continue its current role and its independence must be continuously protected. Mr Imtiaz Gillani while apprising newsmen about major decisions of the Vice-Chancellors Committee meeting, observed that media should also endeavor through its press and electronic publicity to raise awareness amongst the general public for prevailing upon their elected representatives to earmark at least four percent of GDP for promotion and development of education for rapid socio-economic development of the country. In reply to a question, about the latest position of Prof Dr Iftikhar Hussain Baloch, Dr Kamran remarked that the matter is subjudice and currently being investigated by law enforcement agencies, as such he cannot divulge any information as the PU fact finding committee is also holding a probe into the charges leveled by the aggrieved party. While replying to another question, Dr Kamran informed that against the total recurring grant amounting to Rs.29 billion and development grant of Rs.65 billion needed by all the public sector universities during the ongoing fiscal year, the federal government has so far released Rs.29 billion and Rs.6.55 billion respectively.