Annual Report 2005-06 - Higher Education Commission

Annual Report
2005-06
Master Leading to PhD Scholarship for
Economics & Finance Abroad
Scholarship Scheme “MA/MSc Leading to PhD Scholarship in Economics and Finance-Aboard” was
approved by the Executive Committee of the National Economic Council (ECNEC) at a cost of
Rs. 317.662 million including foreign exchange component of Rs. 289.680 million.
It aims to create a critical mass of highly-qualified manpower in the field of Economics and
Finance. The Programme aims to provide opportunities to young talented economists of
Pakistan for training/research work at advanced institutes and reputed universities abroad and
interaction with foreign financial experts and economists. It also encourages international
cooperation in Economics and Finance through harnessing training opportunities offered by
selected countries.
FISCAL YEAR
SELECTION OF
SCHOLARS
SCHOLARSHIPS
AWARDED
A total of 50 candidates (40 Candidates for 80% seats and 10 candidates for 20% seats) were
provisionally selected. Documents of 40 provisionally selected candidates for 80% category were
collected and further forwarded to the agencies for their admission and placement accordingly. Ten
provisionally selected candidates for 20% category were advised to secure their admission in
selected Universities (as mentioned in PC-1). For the session/semester Fall 2006 in
USA/UK/Australia, only two candidates secured admission (visa case in process in Embassy). Till
June 30, 2006, nine scholars secured admission and proceeded for PhD studies while remaining
are in process of admission and visa.
Utilization Factor:
Financial Phasing of the project is as follows:
Year
Actual Amount
Released
Rs. (Millions)
Actual
Expenditure
2004-05 5.00 0.16
2005-06 19.00 1.51
Total 24.00 1.67
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