There are enormous environmental factors which have hampered industrial development and business growth in Pakistan. Bad governance, the energy crisis, financial embezzlement and corruption, rising inflation, high tax rates and the menace of terrorism have been the main impediments in hindering GDP growth, besides declining FDI. However, another important reason for this dilemma which requires more attention is the disrupted link between the industry and the academic world. Ironically, not much focus has been provided in this regard as education is placed very low on the government’s priority list. Business and technical education, for the last 15 years, has attracted great popularity mostly through the private sector.
Particularly after the year 2000, a huge number of universities in the public and private sector have been established. Many new degree programmes with a diverse range of subject combinations have been introduced. A number of universities have started dual degree programmes with foreign university collaborations, offering significant opportunities for students to study abroad in highly ranked universities. Establishment of higher education was also a useful step, which offered numerous scholarships and facilitated higher education for all.