Government of Pakistan can take a revolutionary step offering interest free loans to educated technicians to set up their own businesses. It will develop cottage industry in Pakistan which is a hub of any industrial country. These small industries will not only give respectable earning source to educated technicians but many others will also get employment through this. In this way we can give support to our feeble economy.
In Japan 90%, in Germany 60% while in Pakistan only 15% technicians started their own business after completing their study due to the lack of investment and any support by government in this regard.
In China 80 percent and in Bangladesh 20 percent industries are giving On Site Trainings, while in Pakistan only 8 percent industries offer on site training. Government should make laws and encourage industries to arrange On Plant Training, In Industry Training and Apprenticeships for fresh technical graduates. So they can get practical experience which will give base to students for getting proper jobs.
According to a report of Economic Survey of Pakistan, there are only 1522 technical institutes in Pakistan in which 1140 are public sector while remaining 382 are private sector institutes. 314188 total students are enrolled in these institutes while only 60 to 70 thousand students are passed out each year. These passing out technicians didn’t fulfill countries requirement. So number of technical institutes should be increased to get more technical and skilled manpower.
If you have any suggestion about eliminating unemployment from Pakistan, please share your thoughts in the comments.
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