World Bank to provide $465m for education, power projects

Published June 2, 2019
The World Bank has announced app­roval of two loans amounting $465 million to support higher education in Pakistan and expand sustainable electricity trade between Central Asia and South Asia. — AFP/File
The World Bank has announced app­roval of two loans amounting $465 million to support higher education in Pakistan and expand sustainable electricity trade between Central Asia and South Asia. — AFP/File

ISLAMABAD: The World Bank has announced app­roval of two loans amounting $465 million to support higher education in Pakistan and expand sustainable electricity trade between Central Asia and South Asia.

The approval of $400m ‘Higher Education Deve­lopment in Pakistan’ project will strengthen tertiary education to produce skilled, innovative and enterprising graduates. It will strengthen partnerships with industry for strategic research and develop data-driven governance of tertiary education.

The ‘Central Asia-South Asia Electricity Transmission and Trade’ project (CASA-1000) will enable sustainable electricity trade between Afg­h­anistan, Kyrgyz Rep­ublic, Pakistan and Taji­kistan. The project will use $65 million in additional fin­an­cing to complete Pakistan’s infrastructure part of the CASA-1000 project.

“The two projects support Pakistan’s long-term vision for building high quality talent and promote the creation of a regional energy market to boost economic prospects for millions of Pakistanis,” said World Bank Country Director for Pakistan Illango Patcha­muthu. “Both projects form part of the priority areas identified in ‘Pakistan@100: Sha­ping the Future’, a flagship initiative, that identifies frontier interventions for Pakis­tan to become an upper middle-income country by 2047.”

About the higher education project, lead World Bank economist Tazeen Fasih said that “the project will also support the improvement of teaching and learning at the affiliated college level for improved mid-level skills and employability of graduates”. The project supports the Higher Education Comm­ission of Pakistan’s Vision 2025 programme, developing tertiary education as part of the Pakistan government’s aim to become an upper-middle income country, she said.

The World Bank document on the project says some of the challenges facing the research environment in Pakistan are inadequate and irrelevant research activities with few linkages between universities and industry impacting the commercialisation of research.

There is a misalignment between the government’s said agenda of promotion of innovation and entrepreneurship and implementation of this agenda.

Published in Dawn, June 2nd, 2019

Editorial

18 Jan, 2022

The establishment pivot

It is a sad reality that the power matrix continues to revolve around the establishment.
18 Jan, 2022

Remittances growth

THE hefty growth in remittances from Pakistanis living abroad continues to defy forecasts to the contrary. New State...
18 Jan, 2022

China-Iran deal

THE China-Iran strategic deal that has recently taken effect is more than just a long-term bilateral agreement...
Security policy unveiled
Updated 17 Jan, 2022

Security policy unveiled

PAKISTAN’S freshly unveiled National Security Policy has broadened the traditional concept and included economic...
Bold decisions
Updated 17 Jan, 2022

Bold decisions

IT is a double blow within a matter of days. The Islamabad High Court’s order last week to demolish a navy golf...
17 Jan, 2022

Rohingya camp blaze

A HUGE blaze in a refugee camp housing members of the Rohingya community in Bangladesh last week has left up to ...