ISLAMABAD: The Asian Development Bank (ADB) has approved $100 million loan to help improve technical and vocational education and training (TVET) in Punjab and ensure skills training meets the demand for jobs in the country’s priority economic sectors.
The ‘Improving Workforce Readiness in Punjab Project’ will help enhance the quality and relevance of TVET to increase graduates’ employability, upgrade workers’ skills, ensure more equitable access to training for women and disadvantaged groups, and improve management and strategic planning in TVET institutions, an ADB press release said on Tuesday.
“Punjab makes up over half the national income and is expected to make a significant contribution to Pakistan’s post-flood recovery,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.
“ADB’s project will fund demand-driven and gender-focused training to boost livelihoods and support industries that are key to Pakistan’s recovery and future growth,” Mr Zhukov said.
ADB’s project will finance the establishment of 19 TVET centres of excellence in eight priority economic sectors: automobile assembly parts and repairs, construction, food processing, health, information and communication technology, light engineering, textiles and garments, and tourism and hospitality.
They will provide programmes with linkages to industry and deploy best practices. The project will include the development of skills training programmes using technology in response to emerging trends...
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