Fees and Expenses

Fees and Expenses

The Institute is a not-for-profit organization and provides subsidized education. The Semester Fee (Tuition fee & Accommodation Charges), non-refundable,, except in case an applicant is rendered ineligible upon declaration of results where refund is made, is as under for the 4 years for local residents and wards of expatriate Pakistanis.

S. No.	Academic Year	Engineering Programs, AI and Computer Science Program		Management Sciences
S. No.	Academic Year	Fall Semester	Spring Semester	Fall Semester	Spring Semester
1	2021-22	367,500	367,500	330,000	330,000
2	2022-23	387,500	387,500	345,000	345,000
3	2023-24	407,500	407,500	360,000	360,000
4	2024-25	TBA	TBA	TBA	TBA

The annual tuition fee for foreign students is US$ 7,500/-

5% of semester fee will be collected as administrative charges against each semester. No administrative charges if student pays entire fee for two semester in lump sum. Semester fee cannot be paid in installments. The semester fee is payable before the commencement of the semester. A non-refundable admission fee of Rs. 62,500/- for Pakistani applicants or US $ 680/- for foreign applicants is also required to be deposited at the time of admission. Rs. 25,000 will be charged as security, refundable at the time of leaving the Institute subject to the clearance from relevant departments. The final year students are charged convocation fee of Rs. 16,000. An advance of Rs. 8,000 is to be deposited by each student as mess security. Actual charges will be deducted from advance amount every month.

Refund Policy:

If a freshly inducted student finds it necessary to withdraw his/her admission, he/she must inform GIK Institute in writing. The following refund policy will apply to the semester fee:

Timelines	Fee Refund (%age)
Before Joining GIK Institute	100%
Up to first seven days of commencement of classes	100% after deduction of 10% of semester fee as administrative charges
From 8th till 15th day after the commencement of classes	50%
From 16th day of commencement of classes	No refund

Refund policy of 2nd and subsequent semesters

Timelines	Fee Refund (%age)
Before start of classes	100 % refund after deduction of 5% of semester tuition fee as administrative charges.
Upto 7th day of commencement of classes	100% after deduction of 10% of semester fee as administrative charges
From 8th till 15th day of commencement of classes	50%
From 16th day of commencement of classes	No refund

Withholding Tax:

Withholding Tax under section 236I of Income Tax Ordinance 2001 is applicable @ 5% on Semester Fee, Admission Fee and Administrative Charges. However, this tax is not applicable in case:

• Fee is paid by a person appearing on the active tax payer list.

• Fee is paid by a non-resident subject to provision of the following:

Copy of passport as evidence that during previous tax year, his stay in Pakistan was less then 183 days;
Furnishes a certificate that he has no Pakistan – source income; and
The fee is remitted directly from abroad through normal banking channels to the bank account of the education institution.

Note: Tax collected under this section shall be adjustable against the tax liability of either of the parents or guardian making payment of the fee.

Free Electricity Units:

The Institute shall provide free electricity to each student in the hostels as under:

	Male	Female
Summer	93 units per month	100 units per month
Winter	61 units per month	70 units per month

In addition to above, Free units allowed for common areas per hostel will be as under:

Summer 3943 units per month

Winter 534 units per month

Any excess consumption of electricity in the hostels will be charged from the students.

The fee charged per course offered during the summer session is notified with annoucement of the summer school.

Academic Calendar

An academic year comprises two regular semesters of sixteen weeks each, and an eight-week summer school. The timings of two semesters and summer school are as follows:

Fall: August to December

Spring: January to May

Summer: June to July

The last week of a semester is allocated to the final examinations. There is normally a mid-semester break in a semester.

Duration of Bachelor Studies

Students have to complete their entire degree requirements within the following time-limits:

Normal Duration: 4 years

Maximum Duration: 6 years

Academic Advisors

All Students are assigned to academic advisors. The advisors develop plans of study for them, monitor their records, and guide them on all academic matters.

Undergraduate Admissions