The Prime Minister met with the visiting President of the World Economic Forum, Borge Brende, at the Prime Minister’s office. At the meeting, the Prime Minister announced the establishment of the National Accelerator on Closing the Skills Gap in Pakistan, in partnership with the World Economic Forum, with Punjab Skills Development Fund (PSDF) serving as its national secretariat.
The World Economic Forum is an international organization for public-private cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. It is independent, impartial and not tied to any special interests. The Forum has established the Centre for New Economy and Society (CNES) to provide leaders with a platform to understand and act on emerging economic and social challenges.
The Forum’s Centre for New Economy and Society has partnered with PSDF to work together on the future of education and work by setting up a National Accelerator on Closing the Skills Gap in Pakistan. The Accelerator will aim to increase the employability of the current workforce and increase work-readiness and critical skills in the future workforce.
The National Accelerator will be led and guided by a team of Co-Chairs from the public and private sector. The government will be represented by Shafqat Mahmood, Federal Minister of Education and Professional Training and Zulfiqar Bukhari, Special Assistant to the Prime Minister on Overseas Pakistanis and Human Resource Development. The Co-Chairs from the private sector include Shazia Syed, MD Unilever Pakistan, Mohammed Aurangzeb, President and CEO Habib Bank Limited, Ghias Khan, CEO Engro Corporation. PSDF CEO Jawad Khan, will be the National Coordinator.
Focusing on the most strategic sectors in the economy, the Accelerator will also onboard the CEOs of 50 to 100 leading companies in Pakistan as well as academics, policy makers and technical experts from the education and skills development space. The Centre for New Economy and Society has already established 5 such Accelerators in Argentina, Oman, South Africa, the United Arab Emirates and India, with 10 more Accelerators expected by 2020.
At the meeting, the Prime Minister shared his government’s political and financial commitment to reform the skills development sectors in Pakistan and thanked the World Economic Forum for choosing Pakistan as a founding member of the Closing the Skills GapNational Accelerator initiative.
Given its global reach, experience and expertise, the Prime Minister expressed his confidence that the Forum’s engagement will help provide new opportunities for Pakistan’s youth and help them develop new skills to fully embrace the impact of the Fourth Industrial Revolution.
Borge Brende, President, World Economic Forum, said:
The launch of the National Accelerator on Closing the Skills Gap is an important milestone in our relationship with Pakistan and it is just the start. Many of Pakistan’s national priorities are the core focus of the Forum’s work. From climate change, water scarcity and connectivity to regional cooperation, the Forum is ready to offer its platform to support Pakistan’s economic transformation.
Saadia Zahidi, Managing Director and Head of the Forum’s Centre for New Economy and Society, said:
The Fourth Industrial Revolution will lead to a significant change in the employment and skills landscape globally over the coming years – and Pakistan is no exception. Through our Accelerator initiative we look forward to supporting Pakistan with an integrated platform for learning and action to proactively manage this change.
Mr. Jawad Khan CEO, PSDF, said:
We are truly honoured to be chosen as the national secretariat for the National Accelerator in Pakistan. PSDF is already doing pioneering work in the skills development space to create income generation opportunities for the poor and vulnerable youth. The partnership with the Forum’s CNES will help it benefit from the Forum’s global experience, reach, as well as from the experience of other global accelerators.”