The impact of the Fourth Industrial Revolution on job markets and its implications for the future of work have generated a new global debate on the changing roles of governments and the private sector as well as potential paths for collaboration. Like other emerging markets, Pakistan cannot be a bystander in this debate as 60% of its population is below 30 years of age. Automation is hitting home with full force, both in manufacturing and service sectors, destroying traditional jobs and displacing workers. Almost 80% of Pakistan’s youth in the labour force has low education attainment levels and a poor skills base. The forces of automation and technological change threaten to generate widespread unemployment if urgent measures are not put in place to reskill and upskill the existing workforce as well as adopting new training techniques to skill the workforce of the future.
The Punjab Skills Development Fund (PSDF) and the Platform for Shaping the Future of the New Economy and Society have partnered to work together on the Future of Education, Skills and Work in Pakistan by setting up a Country Accelerator on Closing the Skills Gap. The Accelerator will aim to increase employability of the current workforce and increase work-readiness and critical skills among the future workforce.