UK to establish 280 skill centers to help Pakistanis find jobs in Middle East

In this picture taken on July 20, 2023, workers operate machines at the Kohinoor Textile Mills in Lahore. (AFP/File)
Short Url
Updated 06 October 2024
Follow

UK to establish 280 skill centers to help Pakistanis find jobs in Middle East

  • Workforce export has long been a significant contributor to Pakistan’s economy, with its reliance on remittances
  • The visiting British delegation says it wants to promote education cooperation with Pakistan to empower youth

ISLAMABAD: The United Kingdom plans to set up 280 skill centers in Pakistan focusing on technical and vocational training, reported state-owned media on Saturday, adding the project will be carried out in collaboration with Middle Eastern institutions to train individuals aspiring for jobs in places like the Gulf region.
Workforce export has long been a significant contributor to Pakistan’s economy, with the country heavily reliant on remittances sent by workers employed abroad, particularly in the Middle East. However, in recent years, Pakistani workers have faced challenges due to more exacting requirements of international job markets, making the training and upskilling of nationals a government priority.
The establishment of the skill centers became a focal point of discussions as a British delegation arrived in the country on a two-day visit and met with Pakistani officials working in the field of conventional and technical education.
“The delegation representatives said that around 280 skills centers will be established in Pakistan,” said the Associated Press of Pakistan (APP) news agency. “The candidates who successfully complete the training in these centers, they will be given a joint certificate by Pakistani, UK and Gulf universities.”
The report added that 80,000 jobs will be given to the successful candidates graduating from these skill centers in the first phase.
“These jobs would be offered in different Gulf countries, including [places like] Dubai, in the security, hospitality, construction, veterinary, nursing and police,” it said.
Pakistan’s Federal Secretary Education Mohiyuddin Wani and Chairperson of the National Vocational and Technical Training Commission Gulmina Bilal highlighted the government’s priority to provide quality training to its nationals to give their best on any job around the world.
The delegation, which includes members of Britain’s House of Lords, said they were committed to promoting educational cooperation with Pakistan to empower its youth.
It will also visit Karachi to hold a meeting with Federal Minister for Education Khalid Maqbool Siddiqui.


Pakistan cuts key rate by 50 bps to 10.5% in surprise move after holding for four meetings

Updated 9 sec ago
Follow

Pakistan cuts key rate by 50 bps to 10.5% in surprise move after holding for four meetings

  • An IMF staff report last week warned against premature easing, with analysts expecting SBP to hold the policy rate
  • Inflation remains within the bank’s target band, but analysts expect price pressures to rise later in the fiscal year

KARACHI: Pakistan’s central bank cut its key interest rate by 50 basis points to 10.5 percent on Monday, the bank said on its website, breaking a hold on the rate for four meetings in a move that surprised analysts and came despite IMF warnings to avoid premature easing.

All 12 analysts in a Reuters poll had expected the State Bank of Pakistan (SBP) to hold the policy rate at 11 percent.

Monday’s reduction takes the total easing since rates peaked at 22 percent to 1,150 basis points, after the SBP delivered 1,100 bps of cuts between June 2024 and May 2025 and then held the rate steady for four meetings before Monday’s move.

Inflation edged down to 6.1 percent in November from 6.2 percent in October, within the SBP’s 5 percent–7 percent target band, with analysts expecting it to rise again later in FY26 as base effects fade and food and transport prices stay volatile.

An IMF staff report last week warned against premature easing, calling for policy to remain data-dependent to anchor expectations and rebuild external buffers, even as Pakistan received a $1.2 billion disbursement under its loan program.