Financial opportunities in Pakistan

Investment in skills

AzrahBano and Shameen Baig, Shaheed Zulfiqar Ali Bhutto institute of science and technology, Islamabad

Pakistan faces many financial issues which makes its power weaker on international levels. It has number of opportunities. The only thing to overcome this crisis is need of true leadership and dedication. Pakistan is the fifth largest country in the world in terms of population and 34th in terms of area.Unfortunately, resources are scarce and problems are many. It is natural for people to have problems wherever they live. But the rate of problems in Pakistan is increasing day by day. There are many reasons behind this. The economy is at the forefront of all the difficulties that Pakistan is going through today. Weak economies have a direct impact on the people and the common man.The present government has come up with a scheme to impart free skills to the youth and need to further spread it to different parts of the country. When we have skilled people if so, they will never be unemployed. Skilled people are in demand all over the world. Now we have to take tough and tough measures to overcome unemployment, which can further benefit us.

After 2020, we have seen how the world has gone through transition in all aspects of life in terms of health, education, financing or in short in everything. We have notice how our daily operations have changed. Likewise, financial opportunities are present particularly in online medium. Now banks, other financial institutes have changed their functions into apps. Similarly, anyone can earn something if he or she has any skill. This phenomenon is called investment in skills. We bet you didn’t hear your skills as an investment opportunity. If you have any skill, make use of it. Polish your skill sets and earn decent returns in no time. Nowadays we hear a lot about freelancing, online job opportunities, online trainings, online learning and many more all these are the best sources to earn and to growth financially.

The options are unlimited, all you need to do is identify your skillset and the things you love doing and earn through them. Investment in skill is best option for our youth to become financially independent and stable. It provides best medium to showcase their talent and skill in certain field. Here we take an example of freelancing, in freelancing people or more specifically freelancers are self-employed people who provide services to multiple clients and earn money. They can set their own schedules, run their businesses and most importantly they have flexible lifestyle. So, to earn and to sustain life investment in skills in very important and it is best platform for our youth. In context of Pakistani market we see numerous individual especially youth who are unemployed. Therefore, concept of investment in skills is the easiest and fair medium to earn. This method is more efficient and effective, it also give us sense of fairness in terms of work. One of feature of this method is that anyone can invest in skills; it has no age limitations, no certification restriction. If you have any talent you can easily get an opportunity.

Fortunately, 65% of our population is young. Which is a great blessing. Now it is up to the government to decide if it wants to overcome this problem, then immediately remove the legal complexities and provide a favorable environment for investors. This deal can be very beneficial for the government. In this, the government should provide only a conducive environment. The rest of the work should be left to the multinational companies and our skilled youth. This issue will be overcome in months if not days.