Pakistan’s graduate education sector stands to lose as much as $300-million in World Bank loans after the country’s federal cabinet last week stripped the financial and administrative responsibilities from the Higher Education Commission.
A clause in the regulator’s agreement with the World Bank states that any change in the legal status of the former would immediately end the agreement to grant it $300-million in loans for its programs for the next five years. Since its formation, the commission has received large amounts of money to help enroll more students in Ph.D. programs in Pakistan and abroad, hire foreign faculty members, and establish new universities.
The large financial infusion has led to corruption, plagiarism, favoritism, and a lowering of academic standards.
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