Unemployment is a critical problem that Pakistan has been facing since long. Unemployment is an evil which effects one’s body mind and his living circle. It not only result in resource wastages but also results in economic agony. This problem has faced by many nations, so if they are highly developed and industrialised. There can be many definitions for Unemployment but in my mind unemployment can be defined as “the condition of having no job or being out of work and including those people who are able to work and actively searching for job but they are unable to find it” . The unemployment category is free from those who voluntarily do not work, it includes students who are studying full-time, those who are medically unfit, the children, those who are retired. However, all people who are without work or in search of work are included in unemployed category. Pakistan unemployed rate for 2021 was 4.35% 0.05% more than 2020 and it is increasing day by day. There are many factors that effect unemployed rate in Pakistan. The explanatory variables under study are Pakistan Growth Rate (PGR), Interest Rate (IR), Poverty Rate (PR), Gross Domestic Products (GDP), and Foreign Direct Investment (FDI). Pakistani policy makers need to insight strategies for national growth. Unemployment is serious threat to our country because it gives birth to several undesirable social consequences e.g. crime such as theft and burglary, suicide, assassination, street robbery, road and street snatchers and threat to national security. It not only effect individuals but also the economy standing of the country.
Unemployment can be converted into employment through certain measures. Governments need to act smart and plan well. The education system needs to be improved, well managed and should be equal for all. The government should establish well-known technical and training institutes where qualification programs are offered. Motivational programs such as drug addiction and homeless programs should be put in place to encourage young people. We also need support programs for mental health issues. To create a better atmosphere, the concept of discrimination should be ended by society. Fiscal and monetary policy should be taken during a financial crisis. It is the job of the government to provide more facilities and benefits for investors to invest more in our country. Paraphrased Text Such an environment should be created by governments, which inspire industrialists to create more and more industries. There are many people who have very creative minds but are facing high interest rates for personal loans in Pakistan. The government needs to start programs to encourage and encourage them. Entrepreneurs should be encouraged to start their own businesses or continue family businesses. Unemployment is a big problem for any economy. This has a negative impact on the unemployed as they lose their jobs and have fewer opportunities to find new jobs, and those who are employed have less confidence to continue working in the future. It is the government’s job to closely monitor the enforcement of the law. The people of the country should help the government fight unemployment. Therefore, all citizens must truly abide by the rules and regulations and maintain discipline. Every individual, in addition to governments, must contribute to the success of our country. Solution of Unemployment in Pakistan Given Pakistan’s large population, it will be difficult for the government to resolve one of the country’s most pressing problems, unemployment. Nonetheless, we have provided some solutions to help reduce unemployment in Pakistan, and we are hopeful that by implementing these solutions, the percentage of unemployment in the country will be reduced or even eliminated entirely. The first step towards reducing unemployment in Pakistan is for the government of Pakistan to develop a comprehensive plan. It is necessary to build well-recognized training and technical institutes where skills programs can be delivered. At the very least, the retirement age should be 55 years old. Remove the energy situation so that investors will flock to Pakistan, resulting in the automatic creation of job opportunities. A picture containing text, electronics, keyboard Description automatically generated Peace should prevail throughout the country so that foreign investors would not be hesitant to make investments in Pakistan. It is necessary to improve the agricultural sector. Multinational corporations are interested in doing business in Pakistan. Centers for family planning should be established in order to stem the tide of overpopulation.
Comments are closed.