The higher growth rate of population is the major cause of unemployment in Pakistan .the resources of the country are limited. Karachi is the biggest industrial base of Pakistan, but the investors are reluctant to invest there because of unrest and violence. Our educational system is also responsible for increasing unemployment rate among the educated youth. The attitude of our youth towards the choice of the career is unrealistic and unproductive .Rapid mechanization and computer technology is also causing unemployment. Millions of the people in Pakistan are poor and due to poverty people are over burdened with expenditures and their savings are low. Current international financial crisis is one of the biggest reason of unemployment in Pakistan and in the whole world .
This crisis originated from the banking sector of USA,UK and some European countries and is now a global phenomena. Political instability, bad law and order situation, army’s interference, bomb blasts, terrorism, inconsistent economic policies etc are the factors which are disturbing domestic and foreign investment. Pakistan investors are taking away their money to Dubai and other countries of the world. Baseless allegations of terrorism has tarnished the image at international level .so in the current scenario Pakistan has limited job opportunities in other countries of the world. Concluding, I would like to suggest that with proper economic planning, consistent policies of government, better law and order situation, overcoming energy crisis, sincerity with Pakistan and by adopting the Islamic economic system .we can not only tackle the issue of unemployment but every economic problem of our country as well.
You May Also Find These Documents Helpful
-
The main causes for unemployment are capitalism, government and debate on unemployment. There are seven types of unemployment: Cyclical (Demand deficient unemployment) unemployment, when there is not enough aggregate demand for the labor. Frictional, when moving from one job to another, the unemployment temporarily experienced when looking for a new job. Structural, experienced when the structure of an industry or skill demands changes. Technological, caused by the replacement of workers by machines or other advanced technology. Classical (real-wage), when real wage for a job are set above the market-clearing level. Marxian, when unemployment is needed to motivate workers to work hard and to keep wages down, to preserve profitability. Seasonal, when an industry only is in demand certain times.…
- 572 Words
- 3 Pages
Good Essays -
A bloody struggle of Muslims of south Asia under the leadership of Quaid e Azam Muhammad Ali Jinnah, culminated Pakistan on 14th August 1947. She started her journey as a country without many resources, no machinery, no industry, not much educated middle class, a huge problem of refugees and a neighbor always waiting for the kill. In 63 years Pakistan has come a long way, she is now 27th biggest economy of the world and the only nuclear power in the Muslim world. Pakistan came into being after the division of the sub continent; she consists of the western part of subcontinent. It has a 1,046-kilometre (650 mi) coastline along the Arabian Sea and Gulf of Oman in the south, is bordered by Afghanistan and Iran in the west, and India in the east and China in the far northeast. Tajikistan also lies very close to Pakistan but is separated by the narrow Wakhan Corridor. Thus, it occupies a crossroads position between South Asia, Central Asia and the Middle East. By having Arabian Sea in south, she enjoys a great strategic location especially when seen as a trade route to Afghanistan, central Asian countries, Russia and China. Pakistan has the gift of immense mineral resources, favorable climate through out the year and a fertile land for agriculture. Hence it has all the ingredients which are the prerequisites of a strong economy.…
- 2518 Words
- 11 Pages
Better Essays -
Inflation seems to be a chronic problem in many parts of the world today and unemployment, a phenomenon, true for Pakistan, and valid for United States and other western economies. Even the fastest growing Chinese economy is not totally immune to it. Thus this research project deals with the analysis of unemployment and inflation in Pakistan. The purpose of this research is to analyze the relationship that exists between these two macroeconomic variables, which affect every nation as well as an individual.…
- 1604 Words
- 7 Pages
Best Essays -
Even with a booming economy, there are still some countries experiencing the imminent problem of unemployment. This paper analyzes the major factors affecting the high unemployment rate in the Philippines. The country has showed some positive progress on their economy; however, its unemployment rate still ranks highest among its neighboring Southeast Asian countries. Unemployment affects so many aspects of the economy, so knowing the root causes of unemployment will help the country’s government to act quickly in response to fluctuations in unemployment may be able to blunt the effects of an economic downturn or maximize the positives of an improving economy.…
- 1182 Words
- 5 Pages
Better Essays -
In fact, unemployment is very spread, and risk on society. So, unemployment has a lot of impacts and causes. Unemployment threats the stability and continuation of Saudi Arabia. You find the unemployment between the young people that don’t educated or average efficiency. All countries try to solve the problem in any way.…
- 1053 Words
- 5 Pages
Better Essays -
There is a widely shared consensus about the nature of reforms that Pakistan should embark upon. This consists of two components – stabilization and long term structural reforms. Under the first component the economy has to be stabilized with the help of fiscal consolidation, widening of tax net and mobilization of domestic resources, cutting down the losses of state owned corporations, curtailing wasteful development expenditure and assigning priority to removing supply-side bottlenecks such as energy and infrastructure, keeping inflation under control and maintaining exchange rate stability. The second component requires governance reforms in the structure, processes and human resource policies of the Federal , Provincial and Local governments, taxation and tariff reforms, removing microeconomic distortions such as issuing selective Statutory Regulatory Orders (SROs) for specific firms, liberalizing and deregulating goods and factor markets, strengthening regulatory architecture, promoting market competitive forces and building human capital particularly in science and technology.…
- 3038 Words
- 9 Pages
Powerful Essays -
There are genuine fears prevailing in Pakistan that its economy is in a bad shape. Whereas some expert economists of the country comment that Pakistan’s economy is near collapse, others are of the view that although our economy is still away from the verge of immediate collapse it is so fragile that unless serious and urgent efforts are made to survive the economy, it can move to a dangerous stage within about next six to 12 months.…
- 1571 Words
- 7 Pages
Good Essays -
Pakistan has undergone a significant change in economic growth during the last few years, but the core problem of the economy is still unsolved. Inflation still continues to be the biggest of among all these.…
- 1653 Words
- 7 Pages
Powerful Essays -
People are the essential pillar of any country. It is the fundamental duty and responsibility of the country to fulfil the basic needs of its people. Basic needs of man comprises of shelter, food and clothing. When these needs are not fulfilled they bring about problems termed as socio-economic problems. Pakistan has also been suffering from these problems. The real issue is not the presence of these problems in the society. But the extent to which they are being paid attention and solved. When these problems are not met timely and the grievances of the people are not redressed they turn out to be a menace for the country. They assert a negative impact on society. The society deprived of basic necessities of life is ignorant…
- 2870 Words
- 12 Pages
Good Essays -
o The causes of unemployment are many, defective system of education, uneven distribution of wealth and land, over population.…
- 877 Words
- 4 Pages
Satisfactory Essays -
Now we see that in Pakistan what is the situation of unemployment and what are its economic and social impacts.…
- 1362 Words
- 6 Pages
Powerful Essays -
Pakistan is facing Economic challenges. It shows that our country is in the list of under developed countries. In this article we will discuss about the Economic Condition of Pakistan. In the last budget, the government gained 4.3 per cent economic growth but with gas and load shedding problems they didn’t achieve the targets. So due to lake of experience and knowledge they came in the figure of 2.2 per cent growth which shows almost no growth in the current year. The major problem in Pakistan is increase in population which is directly effecting our economic growth. Of course, due to higher rate of population, we should increase our investments but due to less financial reserves this investment is not possible. The present rate of GDP is around 14 percent which is lower than the developing countries. If we want to increase our investments for getting higher growth we should increase our savings for GDP to at least 20 percent, especially when foreign investments are not involved.…
- 657 Words
- 2 Pages
Good Essays -
Nowadays, population in the Philippines is rapidly increasing but companies and factories are decreasing because of the economic problems of the Philippines which results to unemployment. Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate. This is the number of unemployed persons divided by the number of people in the labor force. The unemployed persons are mostly found in their homes in streets or job fairs hoping to find a job for their families.…
- 5631 Words
- 23 Pages
Better Essays -
The global crisis of 2008 hit Pakistan pretty badly resulting in several layoffs throughout the country. The country already marred by terrorism could not bear such a heavy loss. Many of the educated men and women are unemployed and they don't even have the chance of starting their own businesses because in such a crisis situation any investments made could result in huge losses for the…
- 578 Words
- 3 Pages
Good Essays -
Beyond agriculture, disguised unemployment is also existing in large industries, offices and organizations, particularly in the public sector. Unemployment among the educated youths is one of the major problems in Bangladesh. The unemployment rate for the population having secondary school certificate level education and above is significantly higher than those with a lower level of education. The unemployment rate for educated women is higher compared to that for the male population. In Bangladesh salaried/wage employment in the formal sectors is not big enough to take care of the huge number of unemployed.…
- 363 Words
- 2 Pages
Good Essays