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Pakistan Skills Impact Bond signing ceremony. Photo: Courtesy — Facebook
Pakistan on Tuesday launched its first private-capital-funded Pakistan Skills Impact Bond (PSIB), backed by a guarantee from the Ministry of Finance, to operationalise a Rs1 billion pilot tranche under a three-year instrument aimed at financing a scalable technical skills development programme.
According to an official statement, the PSIB has been designed to deliver measurable outcomes, including certification, job placement and at least six-month job
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