Engineering Post Report
Certain policy initiatives are most likely to be taken by the federal government during on-going financial year to put in place an efficient, equitable and a rights based labour market in the country that will provide a mechanism to allow productive growth in the national economy and to result in real wage increase.
Colossal endeavours by the incumbent federal government like announcement of provision of 10 million jobs during its tenure, great game changer China-Pakistan Economic Corridor (CPEC) and projects in different sectors under its umbrella, Youth Development Programme with the aim to provide various opportunities to the youth.
According to the information gathered from official sources, domestically 1.2 million jobs are planned to be created at the growth rate of 4 per cent during 2019-20. All out efforts are being made for placemen of 0.8 million workers abroad. The overseas employment promoters will be facilitated to seek maximum overseas employment opportunities during the period under report.
Furthermore, strengthening of Small & Medium Enterprises (SMEs) and labour intensive sectors will be prioritized during the current financial year.
Prime Minister’s Youth Skill Development Programme through National Vocational and Technical raining Commission (NAVTTC) and promotion of overseas employment will be helpful in achieving the targeted level of employment in the country.
Additional employment opportunities will be generated through promotion of Self-Employment Schemes/Entrepreneurship and improvement in status of employment.
Furthermore, Services, Information and Communication Technology (ICT), Entertainment, Travel and Tourism sectors would be focused for further employment generation.
Skill training on latest machines and equipment to supply CPEC required skilled manpower will also be prioritized. Apprenticeship/On Job training in demand-driven trades through relevant industries will also be focused. Mapping of industries and corporate sector will be done to find out the needs for introducing new programmes as per emerging needs of industry and corporate sector on priority basis.
