Pakistan and Saudi Arabia are strengthening their economic ties through a new initiative focused on skilled labor. Here’s a breakdown of the key points:
- Saudi Arabia to Build a Skill University in Pakistan: Saudi Arabia has plans to establish a cutting-edge “skill university” within Pakistan. This university will equip Pakistani workers with the specific skills needed for upcoming projects in the Kingdom.
- Special Quota for Pakistani Workers: Pakistan is proposing a designated quota of skilled and semi-skilled workers for Saudi Arabia’s NEOM project and other development initiatives. NEOM is a futuristic mega-city envisioned under Saudi Arabia’s Vision 2030 program.
- Collaboration for Training and Recruitment: The Pakistani Ministry of Overseas Pakistanis and Human Resource Development is proposing collaborative efforts with Saudi Arabian authorities to streamline the entry process for Pakistani recruitment agencies into the Saudi job market.
- Alignment with Vision 2030: This partnership aims to align Pakistan’s skilled workforce with the requirements of Saudi Arabia’s ambitious Vision 2030 economic transformation plan. Vision 2030 focuses on diversifying the Saudi economy beyond oil and strengthening sectors like healthcare, education, and tourism.
- Boosting Remittances for Pakistan: The initiative also seeks to increase crucial remittances sent back to Pakistan by its expatriate workforce in Saudi Arabia. These remittances play a vital role in stabilizing Pakistan’s economy and supporting families.
This collaboration between Pakistan and Saudi Arabia presents a win-win situation. Pakistanis gain access to valuable training and employment opportunities, while Saudi Arabia benefits from a skilled workforce to fuel its economic transformation plans.
