Citi Pak iden­ti­fies em­ploy­ment hori­zons of Pak­istani youth

The Financial Daily - - NATIONAL -

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."

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