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ADB approves 100-mln-USD loan for technical, vocational education in Pakistan's Punjab - Xinhua

Last updated Thursday, December 15, 2022 01:05 ET

ISLAMABAD, Dec. 14 (Xinhua) -- The Asian Development Bank (ADB) has approved a 100-million-U.S. dollar loan to help improve technical and vocational education and training (TVET) in Pakistan's eastern Punjab province.
The Improving Workforce Readiness in Punjab Project will help enhance the quality and relevance of TVET to increase graduates' employability, upgrade workers' skills, and ensure more equitable access to training for women and disadvantaged groups while improving management and strategic planning in TVET institutions, the ADB said in a statement on Tuesday.
The ADB's project would finance the establishment of 19 TVET centers of excellence in eight priority economic sectors, including automobile assembly parts and repairs, construction, food processing, health, information and communication technology, light engineering, textiles and garments, and tourism and hospitality, the statement said.
They would provide programs with linkages to industry and deploy best practices, it added.
"The project will include the development of skills training programs using technology in response to emerging trends in the fourth industrial revolution," according to the ADB.



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