Only 10% IT Graduates Have Employable Skills in Pakistan: State Bank Report:
The recent half-year report by the State Bank of Pakistan (SBP) highlights a concerning disparity between the academic and IT sectors in the country. According to the report, only 10% of IT graduates possess the essential skills required to secure employment in the IT industry, reflecting a widening gap.
In the age of rapid advancements in Artificial Intelligence (AI), this skill gap poses a significant threat to the future expansion of the IT sector. The IT sector plays a crucial role in the economic growth of any modern country. However, the current situation raises a warning that out of the annual supply of 20,000 to 25,000 fresh graduates in Engineering and IT, only a mere 10% possess the fundamental IT skills necessary for addressing the industrial development needs of the country.
Furthermore, a survey conducted by the SBP reveals that a majority of IT companies face difficulties in hiring skilled employees, despite an increasing number of graduates entering the job market. Many of these graduates lack the competence required to meet the evolving demands of the digital world. Therefore, experts emphasize the urgent need to improve the education system in a way that not only meets international standards but also instills the necessary skills required by the IT industry in the market.