Pakistan, July 26 -- Prime Minister Shehbaz Sharif on Friday approved Pakistan's first-ever Skills Impact Bond, a new financing model designed to attract private investment for youth skill development and employment. The innovative "Pay-for-Success" scheme ensures funds are released only when specific targets like job creation or income thresholds are independently verified, linking investment directly to results.

Chairing a review meeting on the youth employment roadmap, the PM emphasized the need to enhance youth capacities by offering training aligned with modern labor market demands. He directed authorities to focus on skills that improve employability both domestically and internationally. Highlighting the importance of learning for...