Pakistan, July 31 -- The 'new economy' describes the companies using technology and the Internet as their foundation and those ultra-high-tech corporations that have a noticeably higher productivity and growth and have spread their wings across the world. Such companies from the new economy are now hiring people based on their skills rather than on a degree. Where obtaining a college degree has been a norm and a necessity for students while promising them a better professional future, skill development is becoming an important factor for companies to gauge when hiring employees.
A degree, nevertheless, will have its value for it guarantees that a student has completed the required education, possesses the authorization to apply for a job a...