OPPORTUNITIES IN ASIA

Transcription

1 PROFESSIONAL QUALIFICATIONS OPPORTUNITIES IN ASIA OCTOBER

2 PROFESSIONAL QUALIFICATIONS OPPORTUNITIES FOR UK QUALIFICATIONS IN PAKISTAN

3 PAKISTAN - OUTLOOK GDP (PPP) has potential to move from 25 th place (2014) to 22 nd (2030) & 15 th place (2050). Set to become the world s 18th largest economy by Economic growth: 4.5% Inflation: 3.3% Fiscal Deficit: 4.1% of GDP Pakistan reclassified from Frontier to Emerging Markets in June 2016 Annual GDP growth rate for the next 5 years to be 5.07%. 6th most populous country with young population 2

4 MARKET ANALYSIS

5 POPULATION Challenges: Young and qualified professionals face: High unemployment rate (Economywatch, 2015), Rising cost of living (Pakistan Bureau of Statistics, 2013) Opportunities: Key Takeaways: Pakistan undergoing a youth bulge Two-thirds under 30 with median age 21 Expected population by million By 2020, age bracket expected to swell by 20 per cent and by 2050 the median age is expected to be at only 33 (Source: Woodrow Wilson International Center for Scholars Asia Program, 2014) Young people move abroad for better opportunities (The World Bank, 2015): Increases demand for globally recognized qualifications in Pakistan 4

6 TERTIARY EDUCATION SECTOR 13% Tertiary education sector on a growth trajectory Distance learning widely accepted almost 43% of these enrolments are for distance learning 5

7 EMIGRATION $ billion, 2014e The Migration and Development Brief (World Bank,2015) places Pakistan as one of the top ten countries whose expatriate diaspora send funds back to their home country (US$17 billion in 2013). Source: World Bank, Percentage of GDP, Percentage of reserves, Source: Source: IMF, World Bank Development Indicators and staff estimates. Annual remittances figure for Pakistan makes up around six per cent of GDP Annual remittances is around 190 per cent of foreign-exchange reserves Over 86 per cent of Pakistanis who send money back home are based in just two MENA countries (Saudi Arabia and UAE) Saudi Arabia, 52% U.A.E., 34% Oman, 2% Kuwait, 2% Bahrain, 1% Qatar, 1% Malaysia, 1% Rest of the World 6 Source: Bureau of Emigration and Overseas Employment Pakistan, 2015.

8 SUPPLY OF LABOUR FORCE Total supply of skilled labour from Pakistan ( ) - 3,011,005 (BE&OE ) Blue Collar: 2,922,594 (97%) White Collar: 86,992 (3%) 77 per cent of the total emigrant workforce coming from 20 districts Demand for qualifications is derived from the demand for professionals in the international job market Top ten blue collar jobs for Pakistan labour Labourer, 48% Driver, 13% Mason, 9% Carpenter, 6% Technician, 5% Electrician, 5% Steel Fixer, 4% Agricultural Worker, 4% Mechanic, 3% Tailor, 3% Source: Bureau of Emigration and Overseas Employment, Pakistan Top ten white collar jobs for Pakistan labour Engineer, 27% Manager, 20% Accountant, 17% Surveyor, 9% Doctor, 8% Computer Analyst, 8% Teacher, 6% Designer, 2% Artist, 2% Pharmacist, 1% 7

9 TOP PROFESSIONS OF INTEREST 1. Overall Potential: The universe of professionals in Pakistan as of totals to just over 1 million professionals the potential target market for local professionals and aspirants of moving abroad 2. Professionals moving abroad: 2% of the total tertiary enrollment opts for skilled emigration (BE&OE) Number of professionals moving abroad per year: 22 to 24k Source: BE&OE, PILDAT, regulatory boards for professionals Professions Universe Doctors 202,135 Engineers 256,488 Accountants 51,718 Teachers (Tertiary Level) 251,452 Pharmacists 36,518 Business Managers 150,000 Computer Analysts 10,000 Nurses 81,000 TOTAL 1.1 million 8

10 TARGET MARKETS Area Engineering & IT Doctors Nurses Pharmacists Accountants Business Managers Target Market Oman, KSA, UAE, Canada, Australia Oman, KSA, UAE, Australia, UK, Ireland Oman, KSA, Australia Oman, KSA Oman, KSA, UAE, Canada, Australia UAE, KSA, Oman, Bahrain, Qatar, USA, Canada, Australia, UK Canada Under the Federal Skilled Workers Program in-demand professions include doctors, engineers, managers, and human resources professionals in the white collar category UAE Dubai World Expo 2020 Dubai Exhibition City Arabian Canal Business Bay Dubai Jumeirah Garden City KSA Riyadh Metro Project Construction of 34 airports across Saudi Arabia Healthcare related projects Shifting of communications to the latest IT systems Housing projects in Madina, Jeddah, Dammam, Qatif and Kharj Australia According to Australian Dept. of Immigration and Border Protection, top in-demand occupations include secondary school teachers, construction managers, engineers and healthcare professionals and nurses in the white collar category Oman Salalah International Airport Expansion Project Oman National Railway Project Sultan Qaboos Medical City Complex International Medical City 9

11 OPPORTUNITIES SUMMARIZED Professionals that move abroad per annum Professionals seeking to improve 2020 employability locally Lets work together to meet these 22-24k opportunities 1.1 Mn Doctors Engineers Computer Analysts Teachers Nurses Pharmacists Accountants 10

12 PROFESSIONAL QUALIFICATIONS OPPORTUNITIES FOR UK QUALIFICATIONS IN EAST ASIA OCTOBER

13 AWARDING BODIES EAGER TO EXPAND SURVEY WITH 115 FAB MEMBERS SIZE & SCALE 50% ABs delivery < 5,000 pa Only 7% ABs deliver > 100,000 pa INTERNATIONALISATION One third have no overseas delivery One third deliver assessments in 1 to 5 markets EXPANSION PLAN 82% of respondents plan to expand overseas 12

14 EAST ASIA THIRST FOR QUALIFICATIONS 13

15 EAST ASIA DRIVING FOR GROWTH HIGH LEVEL OF UNMET SKILLS NEED AND UNCONSTRAINED OPPORTUNITY PROMISING RATE OF GROWTH Mainland China ADDRESSABLE MARKET UK S COMPETITIVENESS Myanmar Singapore Malaysia Hong Kong Vietnam 14

16 DO YOUR QUALIFICATIONS FILL THE EAST ASIA GAPS? 15

17 WHERE TO EXPAND?

18 PROFESSIONAL QUALIFICATIONS CHALLENGES OCTOBER

19 WHAT ARE THE CHALLENGES? GROWING RECOGNITION MARKET KNOWLEDGE LEARNING PROVIDERS DIGITAL TRANSITION SECURITY, QUALITY AND COMPLIANCE ACCESSIBILITY 18

20 WHAT WE CAN DO TO HELP? Security, Quality, Compliance 19

21 WHAT WE CAN DO TO HELP? Build Market & Build Route to Market Awareness of government policies, regulations and any other likely barriers to market entry Awareness of local competitors and professional institutions Advice on prioritizing potential market for expansion Introductions to potential partners in local education and training in state and private sectors Insight into aspirations of local population Opportunities to participate in local British Council activities such as seminars, exhibitions and events 20

22 GET IN TOUCH In-depth market reports available on request: China Hong Kong Myanmar Malaysia Pakistan Singapore Vietnam Contact: Contact: Web: