Financial Updates

The blog "FINANCIAL UPDATES" consists on exclusive economic and commerce news about across the world particularly Pakistan economy

Monday, December 27, 2010

Lack of skilled human resource a threat to economy

The professional people and skilled human resources are very much needed for the economic progress of the country but discouraging internal factors are forcing our human capital to shift to other countries.

Due to lack of job opportunities, congenial environment and support by the government, our knowledgeable and skilled human resources are looking other destinations to earn decent livelihood in a peaceful environment. Issue of brain drain and migration of human capital is becoming a critical problem, which needs to be stopped. Especially youth after having professional qualification from Pakistan and abroad, prefers to settle abroad.

it is sugestion to the government to take proactive measures and create conducive environment of opportunities for our youth and professional people, so that they should stay to contribute positively in the economic development of Pakistan.

Quite a large number of doctors, engineers and professionally qualified people are jobless and such a situation creates frustration in them and forces them to move aboard. More problems of shortage of professional and skilled human resource may occur in the country, if current situation prevails in the years to come.

High inflation is also becoming a major cause of migration of human capital because in the current tough circumstance, it has become difficult for a common man to survive. Also educated lot does not foresee secured career in the country.

Examples of China and other developed countries said that these countries greatly emphasize on retaining of human capital and spend a large amount of money for their professional training and education abroad. But unfortunately in Pakistan, Higher Education Commission has cut down the budget for the students who went abroad for higher studies.

Every year a large number of young people, go abroad for study in different countries and prefers to stay there after completion of education, thus government should devices attractive policies to bring them back to Pakistan and provide them better opportunities for their productive role in national development.

Pakistan should seriously stem this alarming situation by providing better job opportunities based on skills and talent because due to migration of skilled labor, industries are also facing shortage of skilled labor.

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