Islamabad: The World Bank has approved a $400 million loan for development of Pakistan's education sector.
A sum of $300 million would go to projects at the university level and $50 million each would be given for projects at the primary school level in Punjab and Sindh provinces, the Dawn News reported citing a World Bank statement.
"Pakistan's transition to a middle-income country in the global knowledge economy of the 21st century will depend critically on the country's intellectual and human capital," Rachid Benmessaoud, the bank's country director for Pakistan, was quoted as saying.
"To achieve this objective, Pakistan needs to upscale its entire education system," he said.
About 1.2 million students and 20,000 academic staff in 73 public and 24 private universities, and around 800 colleges, would benefit from the project. IANS
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