
Prime Minister Shehbaz Sharif on Friday approved Pakistan’s first-ever Skills Impact Bond (SIB), a new financing model designed to develop skills for the country’s youth in modern, market-driven ways to increase jobs in Pakistan and overseas.
The PM chaired a review meeting on the government's employment roadmap and said Pakistan’s youth is the “most precious treasure” of the country, calling for the need to equip them with market-driven skills adjusted to demand in both global and local markets.
Under the SIB "Pay-for-Success" framework, investors fund training programs, and the public or donor funds are only disbursed against targets such as job creation or income levels.
The prime minister expressed satisfaction with the progress made by the Prime Minister Youth Programme, the Ministry of Overseas Pakistanis, and NAVTTC, noting that their initiatives are creating bridges for thousands of young people into work.
The PM instructed in response to a question to have training teaching foreign language skills, training for overseas employment, and making sure all trainees have prospects for jobs.
In briefings to the meeting, officials noted that there are over 500,000 youth enrolled and provided accounts on the Digital Youth Hub, with more than 1.7 million having downloaded the app.
Currently, the platform lists 47,000 jobs in Pakistan and more than 100,000 overseas, along with 2,000 scholarships.
At present, the platform has delivered 47,000 jobs in Pakistan, and more than 500 companies and institutions, including NGOs, Pakistani embassies, and the United Nations, are connected to the portal.
PM said providing employable education and skills will “change Pakistan’s destiny,” opening doors for entrepreneurship, direct job placements, and self-sufficiency.