Pakistan’s unemployment rate has increased from 1. 5% to 7% over the last ten years, according to ARY News, referencing the Ministry of Planning. The nation’s GDP growth is inadequate to satisfy the health and education requirements, and the unemployment rate now exceeds that of India and Bangladesh. Women, especially, encounter considerable obstacles in securing job opportunities within the socially conservative environment.
The report additionally highlighted that the expanding population, which rises by 5 million each year, has led to growing poverty and strained resources. Pakistan requires 1. 5 million jobs annually to satisfy employment needs. The Planning Commission recommended a 6% decrease in inflation to assist in reducing youth unemployment and a 17% reduction to address female unemployment.
Moreover, the inflation rate, assessed by the Sensitive Price Indicator (SPI), climbed by 3. 97% compared to the previous year as of January 2. Prices of essential goods have risen, including sugar, onions, bananas, and ghee. Pakistan-occupied Gilgit-Baltistan (PoGB) is also experiencing high youth unemployment, with university graduates facing difficulties in finding jobs despite the region’s natural resources and potential for development.
