The conditions of the contract are better than with most equivalent programmes in the West; the pay is quite high for Pakistani standards (and about twice as much as I'd need) and as I understand it, it's a government scholarship, so tax free, too!
With today showing again that Pakistan is a country that does have potential, I just need to wait till I can call the embassy to determine whether I need to go there or to the High Commission in the UK. I just hope I can attend some awesome events like this in the summer.
I'm really, really happy. I'm at a point in my life where I don't really have the qualifications to get academic jobs and this was the only one I've applied for so far (sort of the only one with a 3 month visa application period and also my first choice by far), but it helps to be well-connected and European, I guess.