Watch the most influential industry leaders in Pakistan as they discuss the impact of COVID-19 and share their exclusive perspective on business outlook and jobs in Planning The Next Normal.
The Skills Gap
Globally, businesses do not believe that current and future workforce in their countries has the skills to meet the challenges presented by the forces of automation and technology. Businesses in Pakistan share this worldview. Skills gap is the biggest challenge hampering their growth.
Parwaaz is the National Accelerator for closing the skills gap in Pakistan. With the guidance of the most influential public and private sector leaders, it is developing reskilling, upskilling and newskilling plans for the current and future workforce of Pakistan.
Parwaaz is led by a panel of public and private sector co-chairs. The Federal Minister of Education and the Special Assistant to the Prime Minister for Overseas Pakistanis & HRD lead the public sector. Private sector is led by Presidents and CEOs of the largest corporations in Pakistan.
Parwaaz has identified 6 priority sectors, fueling Pakistan’s future growth. Each priority sector is led by a Co-Chair and guided by a Working Panel comprising CEOs of leading businesses across Pakistan.
Parwaaz Action Plan will close the skills gap for the current and future workforce by:
- Pooling the vision, experience, and intellectual capital of business leaders, to employ thousands in the workforce
- Developing implementable and time-bound initiatives
- Supporting them with policy and financial backing
In 3 years, every Pakistani worker will have the opportunity to reskill, upskill, newskill and become an integral part of the 4th industrial revolution. Every student will have the chance to learn and practice the 21st century skills before entering the workforce.
PSDF is the largest skills development fund in Pakistan. Supported by donors like FCDO, World Bank and ADB, it has funded trainings of 500,000 youth in 250 trades through an ecosystem of 500 training partners. 70% of PSDF graduates are engaged in income generation activities in Pakistan & abroad.