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Future of Pak Students in Foreign Universities at Stake Due to Economic Turmoil
Higher Education Commission of Pakistan manages the foreign scholarships to the Pakistani students, who show their excellence academic performance and they get higher education. HEC selected hundreds of Pakistani students every year to study in various degree programs in the foreign universities in different programs. HEC provides the scholarships to the students and it pay the tuition fee and other expenses of these students to their universities every year so that they can complete their education and they can contribute in the national development. Now HEC is facing financial issues to pay the expenses of these students, who are on scholarships in the foreign universities. The candidates can get the latest updates that Economic Turmoil Puts Pak Students in Foreign University in Confusion.
The executive director of HEC wrote a letter to Secretary Finance Division and requested to expedite the disbursement of the scholarship amount of Rs.4.75 billion to HEC. It is reported that over 2800 students are studying in various foreign universities on the scholarships and they send the scholarship amount to foreign universities, partner agencies, Pakistani embassies and Pakistani high commission to pay the stipend and tuition fees.
State Bank of Pakistan has the foreign reserves, which shows substantial outflow of $294 million and it is fallen to $5.8 billion, which is the lowest level since 2014 and at that time the foreign reserve was $6.11 billion.
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