Citi Pak identifies employment horizons of Pakistani youth
Staff Reporter KARACHI: The British Deputy High Commission, Citi Pakistan, Citi Foundation and the British Asian Trust released a new report outlining the plight of Pakistan's youth. The 'Sustainable Livelihoods: Investing in Pakistan's Future' report assesses Pakistan's current landscape and highlights the need for Pakistan to find employment for 1.7 million people each year if it is to avoid long term rise of youth unemployment. According to the report, there are approximately four million young people between the ages of 15 and 24 are out of work in Pakistan. Without the adequate infrastructure to support this generation's education and vocational training to prepare this generation for the opportunities that do exist, Pakistan runs the risk of this number soaring to 8.6 million by 2020. It goes on to make the case for private philanthropy taking an active role in easing this detrimental situation. While systems are in place to provide training, there are still major failings. It is within these gaps that an individual giver is able to invest in alternative and highly effective interventions. Commenting on the findings of the report, Nadeem Lodhi, MD & CCO Citibank N.A., Pakistan, said: "As a Pakistani, I must admit it is alarming to learn that this young and able workforce is not being given their chance to shine. With one in three working people in Pakistan aged between 15 and 24, we cannot ignore the need nor shy away from providing support. We must lend a hand in breaking the cycle of poverty and the most effective way of doing this is to ensure access to quality training, which in turn allows them to earn and to build their own future." The British Deputy High Commissioner, John Tucknott, endorsing the British Asian Trust's work in the country said: "Pakistan finds itself in a unique position. If educated, healthy and working, Pakistan's burgeoning youth population offers a vast mine of talent and productivity which will help bring prosperity and stability, fuelling Pakistan's economic growth and global competitiveness. By adding value to Pakistan's services and infrastructure we can work together to create more opportunities and enable people to lift themselves from poverty."