Islamabad, March 28: What could be termed as the first and the worst setback of devolution is the fact that the Higher Education Commission (HEC) would lose $300 million loan approved by the World Bank (WB) to support its various programmes for the next five years.
The $300 million equivalent credit for the tertiary education support project was supposed to finance the government's tertiary education development programme that would leverage an estimated investment of approximately Rs1.7 billion in additional resources from the government.
According to sources, the loan deal would automatically come to an end after the devolution of the HEC because of some legal implications. "There is a clause in the agreement between the WB and HEC that any change in the legal status of the HEC would end the agreement at once," said HEC Executive Director Dr. Sohail Naqvi.
More : http://www.interface.edu.pk/students/March-11/HEC-devolution-and-WB-loan.asp
The $300 million equivalent credit for the tertiary education support project was supposed to finance the government's tertiary education development programme that would leverage an estimated investment of approximately Rs1.7 billion in additional resources from the government.
According to sources, the loan deal would automatically come to an end after the devolution of the HEC because of some legal implications. "There is a clause in the agreement between the WB and HEC that any change in the legal status of the HEC would end the agreement at once," said HEC Executive Director Dr. Sohail Naqvi.
More : http://www.interface.edu.pk/students/March-11/HEC-devolution-and-WB-loan.asp
This PPP Govt has no sense of Govt. they should do that change HEC name as ZEC , zulfiqat ali Bhutto Education comission. ridiculous by PPP lead Govt. shame . this will bring more provincial biased and federation will loose
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