If Pakistanis are willing to pay 20 times more for foreign education..

Exactly, and also the 2-3 top universities have a very tough selection criteria in the form of a screening exam. For instance, I remember there were over 35K (back in 2000) applicants to NUST (one of the best engineering schools in the country), and they had a class of 50 for each the 4-5 diff engineering majors, and same was the case for GIKi. Alot of people, both good and struggling students who didnt make it, went abroad.