The National Vocational and Technical Training Commission (NAVTTC) convened a high-level consultative meeting at its Islamabad headquarters to advance preparations for the launch of Pakistan’s pioneering Skills Impact Bond (PSIB). The session, chaired by NAVTTC Executive Director Muhammad Aamir Jan, brought together leading stakeholders from the technical and vocational education and training (TVET) sector to discuss the operational framework of this innovative financing model.
Key representatives in attendance included Zafar Masud of the Bank of Punjab (BOP), Anwar Shaikh from NAVTTC, Ahmad Khan of Bridge Factor, Asim Pasha from the Punjab Skills Development Fund (PSDF), as well as officials from the Ministry of Federal Education and Professional Training (M/O FE&PT), Economic Affairs Division (EAD), and the British Asian Trust. Their participation underscored the multi-sectoral collaboration essential for the successful implementation of the PSIB.
The consultative session centered on finalizing the modalities of the Skills Impact Bond, an outcome-based financing mechanism aimed at enhancing vocational training opportunities across Pakistan. Discussions focused on governance structures, outcome measurement, and strategies to attract private investment into the TVET sector. Stakeholders emphasized the potential of the PSIB to significantly improve employability and skills development, ultimately supporting Pakistan’s broader economic and workforce objectives.
The launch of the country’s first Skills Impact Bond marks a strategic shift towards innovative funding solutions in Pakistan’s skills development landscape, aiming to create sustainable impact through public-private partnerships and performance-based outcomes.
