‘Skilled workforce essential for economic growth’

LAHORE:SAARC Chamber of Commerce and Industry former President Iftikhar Ali Malik has said that a workforce of trained and skilled workers across all sectors is crucial for meeting export deadlines, improving productivity and quality, and accelerating the pace of industrialisation in Pakistan. In a statement issued here on Sunday, he praised the wise decision of Federal Minister Ahsan Iqbal to focus on producing a skilled workforce, highlighting its importance for driving economic growth and development across the country.

As the country strives to enhance its economic growth and global competitiveness, the demand for a skilled workforce has become more pressing than ever. A well-trained labour force not only boosts productivity but also ensures that industries can operate efficiently, innovate, and meet international standards. Investing in skill development will not only accelerate industrialisation but also create employment opportunities, reduce poverty, and foster economic stability. By ensuring a steady supply of skilled workers, Pakistan can enhance its export capacity, attract foreign investment, and strengthen its position in the global economy. The time to act is now, as a skilled workforce is the backbone of any thriving industrial economy.

Iftikhar Ali Malik said that collaboration between the public-private sector, and educational institutions is essential to design industry-relevant training programs. Technical and vocational education and training (TVET) institutions should be modernized to equip students with the skills needed in today’s dynamic job market.

Apprenticeships and on-the-job training programs can bridge the gap between theoretical knowledge and practical application, he added. He said Pakistan’s industrial sector, particularly textiles, manufacturing, and technology, relies heavily on skilled labour to maintain quality and meet export targets.

However, the current gap between the demand for skilled workers and their supply has hindered industrial growth. Many industries face delays in production and exports due to a lack of adequately trained personnel, which ultimately affects the country’s reputation in global markets, he concluded.

PFC to showcase Pakistan’s furniture in Oman exhibition

The Pakistan Furniture Council (PFC), in collaboration with Omani Medical Mattress World, will participate in the three-day 11th International Design and Furniture (IDF) Oman Exhibition starting today (Monday).

PFC CEO Mian Muhammad Kashif Ashfaq, in a statement, shared that the event will showcase top-tier furniture designs, with PFC taking the lead in representing Pakistan’s growing furniture industry on a global stage. Kashif Ashfaq noted that PFC’s participation aims to strengthen bilateral trade relations, highlight Pakistan’s creative potential, and establish the country as a key player in the global furniture market. The exhibition will feature a variety of products, from luxurious home furniture to specialised medical mattresses, showcasing the versatility and quality of Pakistani manufacturing. It also offers a valuable platform for networking, knowledge exchange, and exploring business opportunities in the Middle Eastern market.