Vice Chancellor KIU Prof. Dr. Attaullah shah expressed gratitude to the GB Government for releasing Rs. 30 Million for KIU Main Campus and 1.685 Million for KIU Diamer Campus. On behalf of KIU Faculty, Staff and Students Vice Chancellor said in his statement that we thanked to the GB Government especially Chief Minister Gilgit Baltistan Hafiz Hafeez ur Rehman for one time grant to overcome financial issue of KIU. Dr. Attaullah Shah said that KIU has already reversed the extra increase in tuition fee of about 4000 BS students of KIU. VC informed that to meet the current challenge of revenue shortage fee was increased to generate additional revenue of Rs.45 Million, but this had severe impact on the BS students as majority of them belong to underprivileged areas of GB. He also informed that KIU has already announced stringent austerity measures to reduce expenditures. KIU has already taken up the case for the restoration of Prime Minister Reimbursement Program for 1000 Master and MS students and special recurrent Grant of Rs. 100 Million with the President of Pakistan and Chancellor KIU. The admission body at KIU main campus and sub campuses will touch 6000 this year and to provide them with quality education and research, financial sustainability is inevitable. KIU team is working to increase revenue base, enhanced student’s services and curtailing expenditures. He thanked the GB Government and CM GB Hafiz Hafeez Ur Rahman for his support and patronage to KIU. VC assured that KIU will continue to play its role in the socioeconomic development of the region by providing competitive and good quality human resource.