Significant cut in higher education scholarships overseas due to depreciating rupee

The government of Pakistan has significantly cut the number of overseas scholarships (from 2,000 to 854) for MS/Ph.D. programs due to enhanced cost of studying aboard.

The main factor attributed to this decision is the depreciation of the Pakistani.

According to ProPakistani, the total cost of the project, named ‘Overseas Scholarship for MS/M. Phil leading to Ph.D., in selected fields (Phase III),’ is Rs 22,214.578 million and it will be completed by 2027.

The project started in 2018 was initially aimed at providing 2,000 Overseas Scholarships for MS/M. Phil leading to Ph.D. scholarships.  

The cost of the project remains the same but its scope has been reduced from 2,000 scholarships to 854. Of these, the number of Ph.D. scholarships has been slashed from 1800 to 711, while the scholarship for MS has been cut down from 200 to 143 MS.

 Source: ProPakistani