Nobel Peace Prize winner Malala Yousafzai has said she is "honoured" to be the first Pakistani and the youngest person to be given the award, and dedicated it to the "voiceless".

"This award is for all those children who are voiceless, whose voices need to be heard," she said.

Malala recovered after being shot in the head by Taliban gunmen on 9 October 2012 and went on to earn international plaudits for her fight for the right of all children to an education.

She shares the prize with India's Kailash Satyarthi for their work on promoting child rights.

"The Norwegian Nobel Committee has decided that the Nobel Peace Prize for 2014 is to be awarded to Kailash Satyarthi and Malala Yousafzai for their struggle against the suppression of children and young people and for the right of all children to education," the jury said.

The prize, worth about €878,000, will be presented in Oslo on 10 December on the anniversary of the death of Swedish industrialist Alfred Nobel, who founded the award in his 1895 will.

With the prize, Malala, 17, becomes the youngest Nobel Prize winner, eclipsing Australian-born British scientist Lawrence Bragg, who was 25 when he shared the Physics Prize with his father in 1915.

She was at school in Birmingham when she was told she had won the prize.

Pakistani Prime Minister Nawaz Sharif described her as the "pride of Pakistan".

Mr Satyarthi has headed various forms of peaceful protests and demonstrations, focusing on the exploitation of children for financial gain.

He said he was "delighted" to have won the Nobel Peace Prize, calling it "recognition of our fight for child rights".

The 60-year-old thanked the Nobel committee for "recognising the plight of millions of children who are suffering in this modern age", according to the Press Trust of India news agency.

"The Nobel Committee regards it as an important point for a Hindu and a Muslim, an Indian and a Pakistani, to join in a common struggle for education and against extremism," said Thorbjoern Jagland, the head of the Norwegian Nobel Committee.

"It has been calculated that there are 168 million child labourers around the world today.

"In 2000 the figure was 78 million higher. The world has come closer to the goal of eliminating child labour."

Malala was brought to the UK for treatment after the 2012 attack and unable to return to Pakistan after her recovery, she settled in Britain permanently.

She has set up the Malala Fund and supports local education advocacy groups with a focus on Pakistan, Nigeria, Jordan, Syria and Kenya.