Enhancing Human Capital Development in Pakistan: A Multi-Stakeholder Approach

Abstract

Human capital, which refers to the skills, knowledge, and experience of a country's workforce, is essential for long-term social and economic development. A nation's prosperity depends on the talent, abilities, and capabilities of its people. Investing in the development of human capital through education, training, healthcare, and creating an environment that fosters innovation and productivity will yield significant benefits for the country as a whole. With increasing globalization, the importance of institutionalized human capital development has become increasingly evident. In Pakistan, efforts have been made to enhance human capital, but there is a need to establish a formal mechanism for assessing students' aptitudes and providing career counselling during their basic education. This study aims to identify and analyze the current state of human capital development in Pakistani educational institutions during basic education and propose measures for improvement, advancement, and better management of human capital for the future. Primary data was collected for analysis, with secondary data used when necessary to supplement the findings. The study's target population consisted of parents and teachers. Convenience sampling was employed for data collection. The study concludes that providing appropriate guidance to students based on their aptitudes during basic education would significantly contribute to human capital development.

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