I also wanted to apply for this scholarship.But I asked my professor about this scholarship..He suggested me first do your Mphill here, then apply.Because In Hec website, eligibility criteria for applying in Phd programme is that you must have a teaching post in your home country so, that you may rejoin that post after completion of your Phd. But after going through this thread i am in doubt that i have missed a chance.Because in this thread it is mentioned many times that 16 years of education is enough.