LAHORE: International Universities are aiming to tap the Pakistani education market with four international Universities aiming to open their campuses in Pakistan.
Four famous universities of the world are likely to establish their campuses at the Knowledge Park. This was stated by Lahore Knowledge Park Company CEO Shahid Zaman.
The CEO said discussions with these universities had entered the advanced stages. However, the business model to establish their campuses had not been finalised as yet.
Zaman said the government wants to get two of these universities operational by the start of 2018 and as many during the course of the same year.
He said these universities will open with four or five disciplines and later expand. He added the names of the institutes would be disclosed after a formal agreement is reached.
He said the financial plan of Knowledge Park was designed by Singapore-based company Frost and Sullivan, whereas the master plan was is being carried out by OCL, a Pakistani firm led by Harvard Professor Spiro Pollalis.
He said once completed, it is estimated that the project will generate around Rs173 billion in labour income, Rs35 billion in tax revenue, 40,000 jobs and produce 11,200 PhDs in the 25 years following its completion.