Since the establishment of NUML Finance Department is playing a pivotal
role in the university development. Finance Department is a backbone of
any organization. The Finance Department strives to provide the
university with a sound financial management system assuring reliable
reporting of all budgets, revenues, expenditures and investments. The
department also processes university disbursements accounts payable,
records internal financial transaction, monitors all the grants
(recurring and development) manages university investments.
To provide a sound financial foundation to university and made funds
available to create conducive environment for learning through provision
of best possible infrastructure to Faculty/ Staff and Students.
Fee Deposit Procedure
All payment are made/released with the approval of the competent authority i.e Rector
Payments to Suppliers are made through crossed cheques duly signed by Director Finance & Rector.
All payment cheques are recorded in a specified cheque Register along with signature of Director Finance and Rector.
Cash payments are also recorded in a specified advance payment register along with signature.
Cash payments to different sections of university i.e. Transport, Store, -ical, Printing press etc for recoupment of their bills for miscellaneous purchases by the relevant sections.
Receipts - Cash Receipts on designated receipts books for the following purposes:
Course fee for external students.
Tuition fee etc for regular students.
Degree/Transcript/ DMC fee for external students.
Sale of prospectus fee.
Any Other fee i.e. tender fee, fine and translation fee etc.
Guideline for the faculty
No Cash remittance will be made on account of salary.
The salary of all employees paid through bank only.
Pension Disbursement - Pension to pensioners is disbursed on monthly/quarterly basis through transfer of amount with National Bank of Pakistan
Administration Branch, Room No.25 & 34, 1ST Floor, Jinnah Block