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How will young people in Pakistan get jobs?

Entrepreneur Azad Chaiwala explains

SAMAA | - Posted: Sep 14, 2021 | Last Updated: 1 week ago
SAMAA |
Posted: Sep 14, 2021 | Last Updated: 1 week ago

Youth employment is one of the biggest challenges facing Pakistan.

Economists estimate that the country’s economy needs to grow at 7% or higher to absorb 2 million people entering the job market every year.

By contrast, 1.5 million to 2 million Pakistanis lost work after the country went into lockdown to prevent the spread of Coronavirus last year.

 
 
 

The economy went through its first-ever contraction in 68 years, recording a negative ‘growth’ rate of -0.4% in fiscal year 2020.

The economy has recovered from the slump, but the GDP growth rate is still under 4%, far from the desired level to absorb unemployed youth, including fresh graduates.

So, what is the way forward? Entrepreneur Azad Chaiwala explains in this video.

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