The National Vocational and Technical Training Commission (NAVTTC) has convened a high-level consultative meeting at its headquarters in Islamabad to advance the launch of Pakistan’s first-ever Skills Impact Bond (PSIB), aiming to revolutionize financing within the country’s technical and vocational education and training (TVET) sector.
The meeting was chaired by NAVTTC Executive Director Muhammad Aamir Jan and brought together key stakeholders from various organizations. Notable participants included Mr. Zafar Masud of the Bank of Punjab (BOP), Mr. Ahmad Khan from Bridge Factor, Mr. Asim Pasha representing the Punjab Skills Development Fund (PSDF), Mr. Anwar Shaikh of NAVTTC, and delegates from the Ministry of Federal Education and Professional Training, the Economic Affairs Division, and the British Asian Trust.
Discussions were centered on finalizing the modalities for the new financing mechanism, which is expected to introduce innovative approaches to funding skills development initiatives in Pakistan. The PSIB model represents a significant step towards outcome-based funding in the TVET sector, encouraging greater collaboration among government bodies, financial institutions, and development partners.
By bringing together prominent policymakers and industry leaders, NAVTTC’s initiative underscores the government’s commitment to equipping Pakistan’s workforce with market-competitive skills, fostering economic growth, and building a sustainable future for technical and vocational education.
