Report shows grim job prospects

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The GDP will slow down and job market will remain tight, predicts the research firm

The sector borrowed a record Rs513 billion in 2018

Japan has also been engaged in a lengthy battle against deflation

They think the central bank will adopt a wait-and-see policy

Buzzfeed is seeking to reinvest in content licensing and e-commerce

Companies want new technologies to reach higher efficiency

The IBA helped with the survey

The State Bank has made loans more expensive

Kazuhiro Hasegawa has been driving a taxi in Tokyo for three years. It’s a job he enjoys, despite 18-hour shifts. But recently, he said, it has not been enough to make ends meet. The 4.5 million-4.8 million yen ($41,110-$43,850) a year he makes from his primary job is far short of what he needs to…

Unemployment is a perennial issue in Pakistan, especially in Sindh. Sindh is an agrarian economy where industry is mostly concentrated in Karachi. This creates a massive urban and rural divide among the youth to acquire better and equal job opportunities for stability and prosperity. The government of Sindh, USAID and other providers of development assistance…

DUBAI: Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Ministerial Decree pertaining to the emirate’s human resource laws. The decree No. 01 of 2018 on the Executive Regulations of Federal Decree Law No. 11 of 2008 on Human Resources in the Federal Government…

MUSCAT: Oman has issued a six-month ban on the issuance of work visas for expatriates in ten sectors, including information systems, engineering, aviation and certain technical professions. The complete list of sectors covered by the temporary ban is: information systems, sales, marketing, administration, human resources, insurance, media, airports, engineering and technical professions. According to Times…

RIYADH: The Kingdom of Saudi Arabia has imposed a restriction on the expatriates from working in 12 sectors from the next Hijri year. According to Jeddah-based newspaper Saudi Gazette, Saudi Labour and Social Development Minister Ali Al-Ghafees on Monday issued a ministerial decision in this regard in an attempt to ‘create more job opportunities for…

BEIJING: If you are a scientist, entrepreneur or a Nobel Prize laureate, you might have a future as an expatriate in China. China announced easier visa permits for foreign professionals and high-skilled workers Thursday, as part of its effort to bridge the talent gap. Applicants will be expanded to those who qualify as high-end talents in…

KARACHI: Sindh Minister for Education and Literacy Jam Mehtab Hussain Dahar Thursday said that Sindh Education department will soon recruit over 5000 teachers of Science, Maths, Computer Science and English subjects in order to meet the shortage of the teachers in these subjects. This he said while presiding over a meeting here in his office,…

LAYYAH: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said that his party will make Pakistan great again if they are elected into power, Samaa reported. Addressing a public meeting at Layyah on Monday, Khan said that PTI’s first task when coming into power will be to demolish Governor House in Punjab. “We will not allow…

LONDON: Facebook opens its new London office on Monday and said it would add 800 more jobs in the capital next year, underlining its commitment to Britain as the country prepares for Brexit, reported Reuters. The social network said more than half of the people working at the site in central London will focus on…

NEWS DESK: Up to 300,000 people with long-term mental health problems have to leave their jobs each year, a report says, reported BBC. It also claims poor mental health costs the UK economy up to £99bn each year. Prime Minister Theresa May, who commissioned the report, said it showed “we need to take action”. She…

NEWS DESK: Former Greek finance minister Yanis Varoufakis has claimed capitalism is coming to an end because it is making itself obsolete, reported The Independent. The former economics professor told an audience at University College London that the rise of giant technology corporations and artificial intelligence will cause the current economic system to undermine itself….