China becomes most popular destination for overseas studies in Pakistan

In this file photo, A man walks past New Oriental Education & Technology Group headquarters in Beijing, China. (REUTERS)
Updated 06 May 2018
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China becomes most popular destination for overseas studies in Pakistan

  • Domestic efforts combined with the attractiveness of studying in China have changed the mindset of Pakistan’s young generation.
  • Pakistan considers China as one of its closest friends and partners.

BEIJING: China has become the most popular destination for overseas studies in Pakistan as number of Pakistani students has risen from 5,000 to existing 22,000 during the last five years.

The number of Pakistani students studying science and technology, engineering, medical sciences, media studies, and arts in different cities of China has increased manifold along with the progress of energy, communication and infrastructure projects being completed under the China-Pakistan Economic Corridor (CPEC).

The Chinese government is providing more scholarships to Pakistani students than students of other Asian countries.

Pakistani students belonging to almost all parts of the country are taking advantage of scholarships offered by Chinese government under the Belt and Road Initiative (BRI), according to some educationists here on Sunday.

For a Pakistani student who is studying in Beijing Institute of Technology (BIT), the high number of Pakistani students in China is due to the “strong bond” between China and Pakistan.

“Pakistan considers China as one of its closest friends and partners, and China considers Pakistan as its ‘Iron Brother.’”

Pakistani students are not just coming for the affordable education and job prospects but also for general experience and quality of life possible in China’s big cities, Global Times, while quoting an official of the ministry of education, reported.

Domestic efforts combined with the attractiveness of studying in China have changed the mindset of Pakistan’s young generation.

Traditionally, those who could afford it would send their children to the United Kingdom or the United States. But, now, Pakistanis from the upper and lower middle classes are apply for scholarships to study in China.

“The percentage of Pakistani students going to China to study is on the rise, while the percentage of those who seek Western education is lowered,” Syed Junaid Akbar, a Pakistani business school student at North China Electric Power University, said.

According to the statistics by the Ministry of Education of People’s Republic of China, as many as 489,200 students from 204 countries and regions studied in 935 higher institutions across China last year.

The top five source countries were Pakistan, South Korea, Thailand, the United States and India.

The number of students studying liberal arts subjects remained the highest, accounting for 48.45 percent of the total.

The number of those studying engineering, management, science, art and agriculture increased significantly, with a year-on-year growth of over 20 percent.

Moreover, 58,600 Chinese government scholarship students from 180 countries including Pakistan studied in the country in 2017, accounting for 11.97 percent.


Pakistan regulator says over 21,600 new companies registered in first half of FY26

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Pakistan regulator says over 21,600 new companies registered in first half of FY26

  • This reflects a 29 percent increase compared to the 16,839 companies that were registered during same period last year, says regulator
  • These incorporations contributed $109.5 billion in paid-up capital, says Securities and Exchange Commission of Pakistan report

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) said this week it registered over 21,600 new companies in the first half of the current fiscal year, reflecting rising investor confidence and positive economic outlook in the country. 

In a report issued on Jan. 6, the SECP said it registered 21,668 companies in the first six months of the current fiscal year, adding that these incorporations contributed Rs30.7 billion [$109.5 million] in paid-up capital. 

The report said this represented a 29 percent increase compared to the 16,839 companies registered during the same period last year.

“Pakistan’s business landscape continues to demonstrate strong momentum, reflecting rising investor confidence and a positive economic outlook,” the SECP report said. 

The SECP said the latest increase has brought the total number of registered companies in Pakistan to 279,724. It said the top ten sectors by incorporations were led by the IT & e-commerce, with 4,277 companies, followed by trading (2,997 companies), services (2,686 companies) and real estate (2,031 companies). 

“This sectoral diversity highlights expanding entrepreneurial activity, particularly in technology-driven and service-oriented industries,” the report said. 

The SECP said foreign investment also remained “robust” during the period, adding that 524 newly incorporated companies received foreign investment amounting to Rs1.26 billion [$4.5 million] with the participation from 731 foreign investors. 

“China emerged as the leading source, accounting for 71 percent of total inflows,” the SECP said. “It was followed by Afghanistan (8 percent), the United States (2 percent), and the United Kingdom, Germany, South
Africa, South Korea, Norway, Vietnam, Nigeria, and Bangladesh, each contributing 1 percent,” it added. 

The SECP said an additional 11 percent of the investment originated from other countries.