Pakistan wasted over three Billions Rupees between 2014-15 by producing surplus skilled labor for which jobs are not available.
National Vocational & Technical Training Commission (NAVTTC), Pakistan is an apex body at national level to regulate, facilitate and provide policy direction in Technical, Vocational and Education Training (TVET). For the year 2015-14 official stat shows that TVET graduated 331,785 trainees. Half are now unemployed.
According to the current budget for year 2015-14 of TVET, the program spent 13159 rupees per trainee.
According to National Skills Information System (NSIS) stat reveals that the official training programs only train 3 people for 5 jobs.
For each graduating ‘Steel Fabricator’ there are more than 1,400 job vacancies yearly. In contrast, 2000 IT persons have to compete to secure a job because of the surplus production by TVET Institutes.
Comparing the number of students graduating in each sector with the number of jobs advertised annually for each sector shows lack of planning for market needs.
Half of all vocational training graduates are unemployed today despite many vacancies in industry.
Right now, the TVET Training programs produces nearly 25,000 trainees in sectors for which there are not enough jobs. By moving the excess training positions for information technology, engineering, and electrical engineering, they could fill the market demand for vocational areas like drivers, mechanics and masons. Restructuring the training program to meet market demand would help address the issue of 56% of unemployment in Pakistan.