Federal Minister Mustafa Kamal stated that Pakistani students pursuing medical education abroad annually spend USD 800 million, contributing to a substantial foreign exchange outflow. Concerns were raised over the exorbitant fees in private medical colleges, driving students overseas despite high costs and quality issues in some foreign programs. This significant outflow of USD800 million annually could exacerbate Pakistan's current account deficit. This sustained demand for foreign currency may put upward pressure on the USD/PKR exchange rate, potentially impacting local gold prices.
بحوالہ / Source: www.brecorder.com