Fees and Expenses

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Fees and Expenses

The Institute is a not-for-profit organization and provides subsidized education. The Semester Fee (Tuition fee and 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 residents and wards of expatriate Pakistanis.

Detail

Year

Semester Fee (Rs.)

Annual Fee (Rs.)

Engg.

MGS

Engg.

MGS

Tuition Fee & Accommodation Charges

2023-24

407,500

360,000

815,000

720,000

2024-25

427,500

375,000

855,000

750,000

2025-26

447,500

390,000

895,000

780,000

2026-27

467,500

405,000

935,000

810,000

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

5% of the semester fee will be collected as administrative charges against each semester. No administrative charges if a student pays the entire fee for two semesters in a lump sum. The 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. 63,000/- for Pakistani applicants or US $ 680/- for foreign applicants is also required to be deposited at the time of admission. Rs. 30,000 will be charged as security, refundable at the time of leaving the Institute subject to clearance from relevant departments. The final-year students are charged the convocation fee of Rs. 17,000. An advance of Rs. 8,000 is to be deposited by each student as mess security.

Online Payment Channel for Semester / Annual Fee

The students of GIK Institute can pay their semester / Annual Fees through the following payment channels.

1. Over the counter in any branch of HBL.

2. HBL Internet Banking / Mobile App (HBL Network only)

3. 1-Bill Top-up for all banks

1-Bill Top-up Procedure.

The GIK institute now has a convenient way of paying tuition fees. This would be an addition to the conventional method of fee payment i.e. through HBL branches “Over the Counter”.

The students will now be able to make fee payments online through all 1 Link Member Banks (1 Bill Top-Up). The list of “Member Banks” can be accessed at https://1link.net.pk/members/. It may please be noted that the list covers all the commercial banks in Pakistan.

Please note the following details:

Prefix: Use the following prefix for your transaction: 1001151040 + Your Student Registration Number. This will serve as your unique invoice, challan, bill/consumer number, etc.

Here’s a step-by-step guide to make your fee payment:

  • · Visit your bank’s online internet banking portal / mobile application, and All ATMs across the country.
  • · Select the “1 Bill Top-Up” option.
  • · Use the provided prefix (1001151040 + Your Student Registration Number) as your unique bill/invoice/challan/consumer number.
  • · Enter the amount of the semester / annual fee (as per the Fee Voucher of the GIK Institute).
  • · Verify the payment details and confirm the transaction.

Please ensure that the details are entered accurately to prevent any complications in the fee payment process.

Note: Payment Due Date = As mentioned on the fee voucher, with conditions specified thereon.

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

Note: In case an applicant is rendered ineligible upon declaration of results, 100% tuition fee refunded if applied within 10 days of declaration of result along with proof of ineligibility.

Refund policy of 2nd and subsequent semesters

Timelines

Fee Refund (%age)

Before Joining GIK Institute

100% after deduction of 5% of semester fee as administrative charges

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

Free Electricity Units:

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

 

Male

Female

Summer

100 units per month

70 units per month

Winter

100 units per month

70 units per month

In addition to the 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 to the students.

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.

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