No Pakistan doesn't need PHDs right now.
You probably don't know the importance of PhDs then.
I Would like to see this money spent on the grass root level, i.e. elementary education Every child born in Pakistan must go to school and if the parents fail to put him school then they should be penalized.
It should not be done at the cost of sponsoring PhDs.
its not about the phds its about their retention
Retention is only possible if we can have security in the society. If security is not good enough they will fly out to find better places where they can utilise their education and live peacefully without facing any security threat.