ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday his administration aims to equip young people with professional skills aligned with international market demands while presiding over an inter-ministerial review meeting focused on youth workforce training.
Remittances from overseas Pakistanis, particularly those in the Middle East, are a cornerstone of the national economy, bolstering the country’s external account. According to central bank data, during July to January of fiscal year 2025, workers’ remittances reached $20.8 billion, a 31.7 percent increase from $15.8 billion in the same period of the previous fiscal year.
As Pakistan strives to recover from the impact of a prolonged economic crisis, the government plans to boost exports, attract foreign investment and send more skilled workers abroad to enhance remittance inflows.
Efforts are underway to produce more health care professionals and information technology experts to meet international market needs.
“Pakistan’s talented workforce is the nation’s true asset,” the prime minister said during the meeting. “Equipping Pakistani youth with internationally demanded professional skills is among the government’s top priorities.”
He emphasized increasing the number of institutions offering nursing training in Pakistan whileee ensuring that courses align with global standards.
“Professional training for youth in various sectors should consider the needs of industries and both local and international markets,” he added.
Sharif assured the National Vocational and Technical Training Commission (NAVTTC) would receive all necessary funding to facilitate youth training programs.
The meeting was told NAVTTC had provided professional training to 60,000 youths across various sectors, including IT, this year.
The organization aims to train an additional 141,000 individuals by June 2025, with plans to train 250,000 in 2026 and 337,000 in 2027.
Pakistan PM prioritizes youth skill development for global employment to boost remittances
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Pakistan PM prioritizes youth skill development for global employment to boost remittances
- Shehbaz Sharif says professional training should be in line with local and international market needs
- He assures the National Vocational and Technical Training Commission of all necessary funding
Saudi Wafi Energy signs agreement to supply lubricants to Hyundai vehicles in Pakistan
- Wafi Energy Pakistan says Shell Helix HX8 0W-20 AH lubricant specifically caters to Hyundai vehicles’ requirements
- Lubricant delivers comprehensive engine protection and enhanced fuel efficiency, says Wafi Energy Pakistan
ISLAMABAD: Saudi company Wafi Energy Pakistan Limited announced on Wednesday that it has inked an agreement with Hyundai’s official manufacturing partner to supply premium lubricants for the company’s vehicles in Pakistan.
Wafi Energy, an affiliate of the Asyad Group, became the majority shareholder of Shell Pakistan Limited (SPL) in November 2024 and now holds approximately 87.78 percent of the total issued share capital of SPL, one of the oldest multinationals in Pakistan. The SPL has a network of over 600 sites, countrywide storage facilities and a broad portfolio of global lubricant brands.
Hyundai Nishat Motors is a joint venture among three leading international businesses: The Nishat Group, the Japan-based Sojitz Corporation and Millat Tractors Ltd. Hyundai Nishat Motors manufactures, markets and distributes Hyundai’s product line in Pakistan.
“Wafi Energy Pakistan Limited and Hyundai Nishat Motors have signed a strategic agreement for the supply of Shell lubricants for Hyundai vehicles in Pakistan,” the Saudi company said in a press release.
The contract signing ceremony in Lahore marked the launch of Shell Helix HX8 0W-20 AH, the company said.
Wafi Energy Pakistan said the lubricant is specifically designed in line with Hyundai’s technical specifications. It delivers comprehensive engine protection, enhanced fuel efficiency and optimized performance suited to local driving conditions across Pakistan, the statement said.
“Shell Helix HX8 0W-20 AH is the second co-branded lubricant introduced under the Hyundai–Shell collaboration in Pakistan, further expanding the jointly developed product range,” Wafi Energy said.
“Through this collaboration, customers can confidently rely on authentic, OEM-approved lubricants that meet the highest standards of performance and reliability.”
Wafi Energy has two retail stations in Pakistan’s Karachi and Rawalpindi cities. It has also built a 730-foot plastic road outside its Karachi head office using 2.5 tons of waste lubricant bottles.
