Pakistan–Germany Bilateral Government-to-Government (G2G) Negotiations!
The event was held today at Marriott Hotel, Islamabad, organized by the Economic Affairs Division (EAD).
Executive Director NAVTTC represented the National Vocational & Technical Training Commission, highlighting Pakistan’s ongoing collaboration with Germany in advancing the TVET reform agenda. Executive Director NAVTTC briefed that NAVTTC has developed an innovative outcome-based financing model — the Pakistan Skills Impact Bond (PSIB), which has been formally approved and endorsed by the SIFC, Finance Division, Planning Commission, Law Division, and the Economic Coordination Committee (ECC).
The PSIB aims to mobilize a Public-Private Partnership (PPP) model in which private capital will be utilized to fund high-impact training programs across key growth sectors, including Construction, Hospitality & Tourism, Textile & Garments, Healthcare, IT, Renewable Energy, and Agriculture.
The initiative targets youth, with a special focus on women and marginalized groups, through demand-driven training and a Pay-for-Success model linked to verified employment outcomes of 60% employability (local and global). German support proposed as an Outcome Funder through a grant, which will serve as a catalyst for attracting additional international partners and donors.