Pakistan Employment Impact Bond
Working in partnership with the Punjab Skills Development Fund (PSDF), we are designing Pakistan’s first impact bond for employment outcomes.
The problem
About 64% of Pakistan’s population is under the age of 30, and youth unemployment is almost double the country’s average employment rate.
When it comes to female labour force participation, Pakistan ranks second to last – 145 out of 146 – on the Global Gender Gap Index Report only 24% of women are actively employed.
Skilling programmes in the country lack the quality needed and tend not to be aligned with market needs, resulting in less than 50% of trainees being gainfully employed after training.
The solution
To address these urgent issues, the British Asian Trust, in partnership with the Punjab Skills Development Fund, is designing Pakistan’s first Employment Impact Bond.
About the programme
- Support 15,000-20,000 young people (around 50% of whom will be women) with the skills needed to translate into long-term employment.
- Develop strong employer engagement strategies to ensure skill trainings match the needs of key growth sectors in the economy.
- Support training providers to integrate an outcomes-focused approach to ensure their programmes are more efficient and responsive to market needs.