The All Pakistan Business Forum (APBF) has stressed the need for promoting skills development
The All Pakistan Business Forum (APBF) has stressed the need for promoting skills development according to the private sector’s demand, saying that skilled youth can fulfil the industrial human resource needs, besides uplifting the national economy.
APBF President Syed Maaz Mahmood said that the employability rate of graduates from the formal technical and vocational education and training (TVET) system is very low due to lack of quality and relevance of the training content. He said that about three million youth enter the labour market, while the formal TVET system can only accommodate 0.5 million trainees annually. He said the gap between demand and supply of skilled workforce is due to limited cooperation between the public and the private sectors in TVET planning and its implementation.
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