ACE OF HEARTS
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In IT / Computer Sciences and Medical Science / Doctors, Indians Outnumber Pakistanis ....10 vs 1 ...or higher
My cousin got a letter of employment from an INDIAN friend / reference / contact.....so that he could show that he is employed in the US....so that he could come to Pakistan for marriage and then return to US safely / easily.
Mainly the obstacles that are created in going abroad both locally and internationally.
The lower the USD, the easier for youth to go abroad and send back home remittances.
HEC sponsors / supports MAINLY government employees to study abroad for PhD and Post Doctoral Fellowships.
More than half of the government employees choosen WOULDN'T EVEN BE HIRED BY A PRIVATE UNIVERSITY / INSTITUTE at all.
HEC should SPONSOR USMLE Exams for atleast 10 000 Doctors ANNUALLY in Pakistan. Currently, only about 300 - 350 get selected for residency / training in the US, which is VERY LOW, MAINLY due to FINANCIAL CONSTRAINTS.
An approximate estimate of money spent by a doctor to get into US Residency training is about Rs 80 lakhs ( Rs 8 million = USD 29 000), depending on various factors can vary, which is TOO HIGH for an average house hold to afford in Pakistan, considering the brightest choose to study from government universities, which costs them less than half to become a doctor.
Total expenditure for 1000 Doctors by Government of Pakistan:
USD 29 000 x 1000 Doctors = USD 29 Million = Rs 8 billion
Not a big amount considering that the Defence Expenditure is Rs 1800 billion, NOT INCLUDING PENSIONS and the HEC Budget is 59 billion for 2023-24.
A doctor earns minimum USD 250 000 yearly in the US, which is far better than what European countries can offer.
So even if you HELP and MANAGE to get 1000 Pakistanis into the US Residency / training programs, which lasts 3 years normally, each earning USD 250 000, you could potentially be looking at USD 250 Million, being earned by PAKISTANIS in the US....after 3 years.....by sending only 1000 Doctors ANNUALLY.....by investing only USD 29 Million.
You can expect them to send back home atleast 1 / 5 th of their income, which is USD 50 Million.
So in the fourth year, your INVESTMENT of USD 29 Million, is ALMOST DOUBLED [1.7x times ] TO USD 50 Million.
NOT BAD AS A FUTURE PROOF INVESTMENT, With plenty of GROWTH OPPORTUNITIES.
Off course it doesn't make sense to the SELFISH SERVANTS OF THE PEOPLE, looking for better RETIREMENT DEALS INTERNATIONALLY.
My cousin got a letter of employment from an INDIAN friend / reference / contact.....so that he could show that he is employed in the US....so that he could come to Pakistan for marriage and then return to US safely / easily.
Mainly the obstacles that are created in going abroad both locally and internationally.
The lower the USD, the easier for youth to go abroad and send back home remittances.
HEC sponsors / supports MAINLY government employees to study abroad for PhD and Post Doctoral Fellowships.
More than half of the government employees choosen WOULDN'T EVEN BE HIRED BY A PRIVATE UNIVERSITY / INSTITUTE at all.
HEC should SPONSOR USMLE Exams for atleast 10 000 Doctors ANNUALLY in Pakistan. Currently, only about 300 - 350 get selected for residency / training in the US, which is VERY LOW, MAINLY due to FINANCIAL CONSTRAINTS.
An approximate estimate of money spent by a doctor to get into US Residency training is about Rs 80 lakhs ( Rs 8 million = USD 29 000), depending on various factors can vary, which is TOO HIGH for an average house hold to afford in Pakistan, considering the brightest choose to study from government universities, which costs them less than half to become a doctor.
Total expenditure for 1000 Doctors by Government of Pakistan:
USD 29 000 x 1000 Doctors = USD 29 Million = Rs 8 billion
Not a big amount considering that the Defence Expenditure is Rs 1800 billion, NOT INCLUDING PENSIONS and the HEC Budget is 59 billion for 2023-24.
A doctor earns minimum USD 250 000 yearly in the US, which is far better than what European countries can offer.
So even if you HELP and MANAGE to get 1000 Pakistanis into the US Residency / training programs, which lasts 3 years normally, each earning USD 250 000, you could potentially be looking at USD 250 Million, being earned by PAKISTANIS in the US....after 3 years.....by sending only 1000 Doctors ANNUALLY.....by investing only USD 29 Million.
You can expect them to send back home atleast 1 / 5 th of their income, which is USD 50 Million.
So in the fourth year, your INVESTMENT of USD 29 Million, is ALMOST DOUBLED [1.7x times ] TO USD 50 Million.
NOT BAD AS A FUTURE PROOF INVESTMENT, With plenty of GROWTH OPPORTUNITIES.
Off course it doesn't make sense to the SELFISH SERVANTS OF THE PEOPLE, looking for better RETIREMENT DEALS INTERNATIONALLY.