In this era of global competition, human resources will play a decisive role in the battle for efficiency and competitive advantage, where nations and organisations with superior and quality-oriented human capital will soon outperform those with inefficient and quantity-oriented labour force. Rate of human capital formation will be more important than the rate of physical capital formation in the race for economic development and growth among nations in a knowledge based global economy. In the same manner, access to and maintenance of skilled human resources will be of equal importance as access to capital or rapidly changing technology in the race for competitive advantage among the organisations in a global marketplace. The easiest, quickest and the most reliable source of providing skilled manpower are the vocational education and technical training (VET). VET has different channels of which Apprenticeship Training is the most recognized mode due to its peculiar aspect of on-the-job and many a times off-the-job training as well. Many of the advanced countries in the world have benefited from Apprenticeship Training to build strong economies based on state-of-the-art technologies and resultant demand of high calibre skilled manpower. In Pakistan, Apprenticeship Training has been in practice, voluntarily, since inception and statutory since 1962. Despite the lapse of so many years, we are lagging behind relatively. The subject needs to be reviewed critically in order to make it more productive both in terms of quantity and quality. This study is aimed at gathering and synthesizing factual data related to apprenticeship training in the Punjab province of Pakistan. The information, further, would be used to develop a comparative analysis of apprenticeship training in Pakistan vis-a-vis European practices. The countries chosen for the study are "dual-system" countries like Austria, Germany, and Switzerland and others like France, Denmark, Netherlands, Italy, Britain, Ireland etc. The outcome of the study would help the theorists and policy makers to better understand the dynamics of apprenticeship training in Pakistan and formulate appropriate response policy for its up-gradation and development.