The Finance (Operations) Section of HEC Finance Division is generally responsible to prepare / manage the accounts of the Commission. In this context, its objectives are:

• To maintain Books of Accounts for all expenditure / transactions (recurring and development) in respect of the Higher Education Commission and its Universities.
• To prepare monthly, quarterly and annual accounts and financial statements of HEC.
• To arrange the audit of accounts of HEC from Chartered Accountants.
• To arrange the audity of accounts of HEC from Chartered Accountants.
• Automating the business processes and computerization of accouunts to ensure financial efficiency, accuracy and transparency.

Main Functions of Finance (Operations) are:

• Billing/Vouching
• Payments of all kind through cheques/cash/Bank Advices
• Receipts
• Book Keeping
• Financial Statements and Final Accounts for External Auditors

The Higher Education Commission has been established through an Ordinance NO.LIII of 2002 for the improvement and promotion of higher education, research and development in Pakistan. The Commission has been entrusted powers for performing functions enunciated under section 10, and may make rules under section 21 for carrying out the purposes of the Ordinance. In exercise of the powers entrusted under section 21, the Commission prescribes Financial Rules for carrying out business of the Commission economically and efficiently by the authorities responsible for discharging the functions.

For more detail about HEC Financial Rules Click Here...