This document discusses unemployment in Pakistan. It defines unemployment and outlines the main types, including cyclical, frictional, technological, and seasonal unemployment. It notes that Pakistan's unemployment rate has increased from 5.4% in 1994-95 to 6.5% in 2012. Rural areas have higher unemployment than urban areas. The document then examines the causes of unemployment in Pakistan, effects on individuals, society, and politics, as well as potential solutions and advantages/disadvantages of unemployment. It concludes that reducing unemployment is important for Pakistan's prosperity through labor-intensive industries and self-reliance policies.
Introduction:
Poverty Condition in Pakistan
Causes/Reasons of poverty in Pakistan
Effects of poverty in Pakistan
Solutions/Remedies to Overcome the Poverty in Pakistan
Conclusion
Social and Economic problems in PakistanHareem_syed
Talks about the residing problems Pakistan is currently facing like shortage of electricity, unemployment and terrorism. The information in the slides is supported by statistical data.
Inflation in Pakistan
Types of Inflation
DEGREES OF INFLATION
CAUSES OF INFLATION IN PAKISTAN
MEASURES TO CONTROL THE INFLATION
EFFECTS OF INFLATION
Conclusion
I’m a young Pakistani Blogger, Academic Writer, Freelancer, Quaidian & MPhil Scholar, Quote Lover, Co-Founder at Essar Student Fund & Blueprism Academia, belonging from Mehdiabad, Skardu, Gilgit Baltistan, Pakistan.
I am an academic writer & freelancer! I can work on Research Paper, Thesis Writing, Academic Research, Research Project, Proposals, Assignments, Business Plans, and Case study research.
Expertise:
Management Sciences, Business Management, Marketing, HRM, Banking, Business Marketing, Corporate Finance, International Business Management
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Introduction:
Poverty Condition in Pakistan
Causes/Reasons of poverty in Pakistan
Effects of poverty in Pakistan
Solutions/Remedies to Overcome the Poverty in Pakistan
Conclusion
Social and Economic problems in PakistanHareem_syed
Talks about the residing problems Pakistan is currently facing like shortage of electricity, unemployment and terrorism. The information in the slides is supported by statistical data.
Inflation in Pakistan
Types of Inflation
DEGREES OF INFLATION
CAUSES OF INFLATION IN PAKISTAN
MEASURES TO CONTROL THE INFLATION
EFFECTS OF INFLATION
Conclusion
I’m a young Pakistani Blogger, Academic Writer, Freelancer, Quaidian & MPhil Scholar, Quote Lover, Co-Founder at Essar Student Fund & Blueprism Academia, belonging from Mehdiabad, Skardu, Gilgit Baltistan, Pakistan.
I am an academic writer & freelancer! I can work on Research Paper, Thesis Writing, Academic Research, Research Project, Proposals, Assignments, Business Plans, and Case study research.
Expertise:
Management Sciences, Business Management, Marketing, HRM, Banking, Business Marketing, Corporate Finance, International Business Management
For Order Online:
Whatsapp: +923452502478
Portfolio Link: https://blueprismacademia.wordpress.com/
Email: arguni.hasnain@gmail.com
Follow Me:
Linkedin: arguni_hasnain
Instagram : arguni.hasnain
Facebook: arguni.hasnain
ECO 2302, Principles of Macroeconomics 1 Course Le.docxrobert345678
ECO 2302, Principles of Macroeconomics 1
Course Learning Outcomes for Unit IV
Upon completion of this unit, students should be able to:
4. Discuss the effects of unemployment and inflation on the economy.
4.1 Describe what the unemployment rate measures and the four types of unemployment.
4.2 Define inflation and the sources of inflation.
4.3 Describe how to measure labor productivity and why it is important.
Course/Unit
Learning Outcomes
Learning Activity
4.1
Unit Lesson
Chapter 7
Article: “Why the Unemployment Rate Still Matters”
Unit IV PowerPoint Presentation
4.2
Unit Lesson
Chapter 7
Article: “Price & Inflation”
Unit IV PowerPoint Presentation
4.3
Unit Lesson
Chapter 8
Article: “Understanding the Labor Productivity and Compensation Gap”
Article: “What Can Labor Productivity Tell Us About the U.S. Economy?”
Unit IV PowerPoint Presentation
Required Unit Resources
Chapter 7: Unemployment and Inflation
Chapter 8: Productivity and Growth
In order to access the following resources, click the links below.
Bureau of Economic Analysis. (2018, September 6). Prices & inflation.
https://www.bea.gov/resources/learning-center/what-to-know-prices-inflation
Brill, M., Holman, C., Morris, C., Raichoudhary, R., & Yosif, N. (2017, June). Understanding the labor
productivity and compensation gap. Beyond the Numbers, 6(6). https://www.bls.gov/opub/btn/volume-
6/understanding-the-labor-productivity-and-compensation-gap.htm
Sprague, S. (2014, June). What can labor productivity tell us about the U.S. economy? Beyond the Numbers,
3(12). https://www.bls.gov/opub/btn/volume-3/what-can-labor-productivity-tell-us-about-the-us-
economy.htm
U.S. Bureau of Labor Statistics. (2017, January 25). Why the unemployment rate still matters.
https://blogs.bls.gov/blog/2017/01/25/why-the-unemployment-rate-still-matters/
UNIT IV STUDY GUIDE
Unemployment and Inflation
https://www.bea.gov/resources/learning-center/what-to-know-prices-inflation
https://www.bls.gov/opub/btn/volume-6/understanding-the-labor-productivity-and-compensation-gap.htm
https://www.bls.gov/opub/btn/volume-6/understanding-the-labor-productivity-and-compensation-gap.htm
https://www.bls.gov/opub/btn/volume-3/what-can-labor-productivity-tell-us-about-the-us-economy.htm
https://blogs.bls.gov/blog/2017/01/25/why-the-unemployment-rate-still-matters/
ECO 2302, Principles of Macroeconomics 2
UNIT x STUDY GUIDE
Title
Unit Lesson
As we begin Unit IV, we continue our look at the overall economy and build on the knowledge we have gained
in the first three units of the course. In this unit, we will be addressing the topics of unemployment, inflation,
and labor productivity. Each of these topics is addressed below.
Unemployment
It is doubtful that any adult is unfamiliar with the word unemployment. We hear this word on the news, read it
in newspapers, and hear it while we are shopping—it seems to be everywhere.
Unemployment In Pakistan by MEHAK NOOR,JAVERIA,ABDULLAH,ADNAN .pptxKamran Abdullah
BS EDUCATION
SEMSETER 2nd
(From Sep 2023 to Jan 2024)
Subject: Citizenship
Teacher: Ms Sania Hayat (M.Phil.)
Classes: Monday 11-12:30 ,Tuesday 8-9:30
These Are Final Term Presentation Slides
-------------------------------------------
Institute of Education
University Of Sargodha *
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
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Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
1. Unemployment in Pakistan
Assignment of International Economics
Submitted By: Manzoor Ahmed Memon
Subitted to: Sir, Javed Rasool
Class: BBA-VI (B)
Sukkur Institute of Business Administration
2. Unemployment in Pakistan
Page 2
TABLE OF CONTENTS
Topics Page #
Definition…………………………………………………….3
Types of Unemployment……………………………………3-4
Unemployment in Pakistan…………………………………..4
Role of Government…………………………………………………..5
Effects of Unemployment……………………………………………5-7
Reasons of Unemployment in Pakistan………………………………7-8
Solutions of Unemployment in Pakistan……………………………..8
Advantages and Disadvantages of Unemployment in Pakistan…….8-9
Conclusion…………………………………………………………..9
3. Unemployment in Pakistan
Page 3
Unemployment in Pakistan
Defination: Unemployment is a condition when the citizen of a country actively seeking for job
also able for a job and can’t find any job.
Now a day’s Pakistan is suffering from many problems, Unemployment is one of them,
because of this People are victim of poverty and dying, The current example of this is THAR,
where hundreds of childs die because of inadequate food, this is because Poverty, and poverty is
because of Unemployment, People are unemployed so they can’t fulfill even their basic needs.
Let’s talk about the types of unemployment.
Types of Unemployment.
There can be so many types of unemployment; some of types are given below.
I. Cyclical Unemployment
Unemployment that is created because, there is not enough aggregate demand for
the labor.
Labor Demand < Labor Supply
This happened because the consumption decrease so production needs to be lower
that’s why companies or industries require less labor, and ther remaining will be
unemployed.
II. Frictional Unemployment
When a worker shift from one job to another, the time that he invest in finding
new job and remain unemployed is said to be Frictional unemployment. So this is
a temporary unemployment.
Frictional unemployment is created because both jobs can be heterogeneous and
worker’s skills can be mismatched with the new job, so that unemployment is
called Frictional unemployment.
III. Technological Unemployment
Technological unemployment is caused when workers are replaced by machine or
any other advanced technology.
It is because for manual work industries need more workers but when they use
technology or any machine so they only use the worker who has to operate that
machine only, remaining workers will be unemployed.
IV. Seasonal Unemployment
There are certain industries for those the demand for their product is seasonal, or
their production is seasonal.
So workers are employed in one season and unemployed in other season.
4. Unemployment in Pakistan
Page 4
People who are suffering from unemployment no matter which type of unemployment is
that, because the main point is that he is unemployed and in trouble.
Unemployment rate
Unemployment rate tells us about the ration of unemployed workers to the total Labor
force.
Unemployment rate = (unemployed workers/ Total labor Force) * 100
Unemployment in Pakistan
We have discussed generally that what is Unemployment and what are the different types of
unemployment now let’s talk about the Unemployment in Pakistan, and what are the causes and
solutions of unemployment in Pakistan, also we look at what are the economical and social
impacts of unemployment.
If we talk about Pakistan so the labor force in Pakistan includes the entire persons above
ten years, according to Labor force survey of Pakistan in two different time, first in 1994-95
other was in 1996-97, unemployment increased in first research they came to know that
unemployment rate was 5.4%, but in later research conducted with the difference of two years
unemployment rate increased to 6.1%, it is also seen in current decade that unemployment is
increasing with high rate, according to 2012 survey, unemployment rate in Pakistan is 6.5%.
If we talk about the division of population living in Rural areas and urban areas, so the
unemployment in rural areas is high, it is because very low number of industries, even if there
are certain industries in rural areas so they do not prefer workers from local areas, this largely
happened in the case of Sindh, I want to quote an example of Ghotki District, there are so many
industries and companies are operating in the district but they are not preferring to local people,
the two big companies like Engro Fertilizers (Daharki), and Fauji Fertilizers (Mirupur Mathelo),
if this will happen so people from rural areas will remain unemployed and this will effect on
their upcoming generation as well as this is happening most of the rural area people are
unemployed and they can’t educate their Childs and this will also happen with the Childs of their
Childs.
5. Unemployment in Pakistan
Page 5
Role of Government:
It is responsibility of Government of any country to solve certain issues like
unemployment if there is high level of unemployment so they should start development projects
and give employment to the unemployed, or Government should compensate unemployed
person, they should start such programs in which unemployed will be given subsidies, etc.
Currently Government is not taking any action to remove this problem, they should take
certain measures, in the later discussion I will be mentioning some solutions of this issue which
government should focus on.
Although Government has taken certain steps to remove this problem, currently Prime
ministers youth Development program is being introduced, which is a good initiative but because
of corruption, problems are not solved.
Effects of Unemployment:
1. Individual
Unemployed people are unable to gain cash to meet fiscal commitments. Disappointment
to pay contract installments or to pay rent may prompt homelessness through abandonment
or expulsion. Over the United States the developing positions of individuals made homeless
in the abandonment emergency are producing makeshift camps. Unemployment increments
powerlessness, disease, mental anxiety, and misfortune of respect toward oneself, prompting
despondency. As stated by a study distributed in Social Indicator Research, even the
individuals who have a tendency to be hopeful think that it troublesome to look on the
brilliant side of things when unemployed. Utilizing meetings and information from German
members matured 16 to 94 – incorporating people adapting to the hassles of genuine and not
only a volunteering understudy populace – the scientists established that even positive
thinkers battled with being unemployed. dr. M. Brenner led a study in 1979 on the "Impact of
the Social Environment on Psychology." Brenner found that for each 10% increment in the
amount of unemployed there is an expansion of 1.2% in aggregate mortality, a 1.7%
increment in cardiovascular sickness, 1.3% more cirrhosis cases, 1.7% more suicides, 4.0%
more captures, and 0.8% more ambushes appeared for the police.[86] A later concentrate on
by Christopher Ruhm[87]on the impact of subsidence on wellbeing found that few measures
of wellbeing really enhance throughout retreats. Concerning the effect of a monetary
downturn on wrongdoing, throughout the Great Depression the wrongdoing rate did not
diminish. Since unemployment protection in the U.s. regularly does not reinstate half of the
pay one gained at work (and one can't accept it everlastingly), the unemployed frequently
wind up tapping welfare projects, for example, Food Stamps or gathering debt.not everybody
6. Unemployment in Pakistan
Page 6
experiences just as unemployment. In a prospective investigation of 9570 people in excess of
four years, profoundly scruples individuals endured more than twice as much on the off
chance that they got to be unemployed.[88] The creators proposed this may be because of
upright individuals making distinctive attributions concerning why they got unemployed, or
through encountering stronger responses emulating disappointment. Some hold that a large
number of the low-salary occupations are not by any means a finer option than
unemployment with a welfare state (with its unemployment insurance profits). In any case
since it is troublesome or difficult to get unemployment protection profits without having
worked in the past, these employments and unemployment are more correlative than they are
substitutes. (These occupations are frequently held short-term, either by understudies or by
those attempting to increase experience; turnover in most low-paying employments is high.)
another cost for the unemployed is that the mix of unemployment, absence of fiscal assets,
and social obligations may push unemployed laborers to take employments that don't fit their
aptitudes or allow them to utilize their abilities.
2. Social
An economy with high unemployment is not utilizing the sum of the resources,
specifically the labor, accessible to it. Since it is working underneath its production
plausibility boondocks, it could have higher yield if the entire workforce were helpfully
utilized. Nonetheless, there is an exchange off between economic effectiveness and
unemployment: if the frictionally unemployed accepted the first employment they were
offered, they might be prone to be operating at underneath their ability level, lessening the
economy's efficiency.[89]during a long time of unemployment, laborers can lose their skills,
causing a misfortune of human capital. Being unemployed can likewise decrease the life
anticipation of laborers by about 7 years [90]high unemployment can energize xenophobia
and protectionism as workers expect that outsiders are taking their jobs. Efforts to preserve
existing occupations of domesticated and local specialists incorporate lawful boundaries
against "outsiders" who need employments, hindrances to movement, and/or duties and
similar exchange obstructions against remote competitors high unemployment can
additionally cause social issues, for example, wrongdoing; if individuals don't have to the
extent that wage as in the recent past, then it is very likely that wrongdoing levels inside the
economy will expand.
3. Socio Political
Abnormal amounts of unemployment might be reason for civil turmoil, in a few
cases prompting transformation, and especially totalitarianism. The fall of the Weimar
Republic in 1933 and Adolf Hitler's ascent to power, which built up and finally finished
in World War II and the passing of many millions and the demolition of a great part of
the physical capital of Europe, is ascribed to the poor budgetary conditions in Germany at
the time, outstandingly a high unemployment rate[92] of over 20%; see Great Depression
7. Unemployment in Pakistan
Page 7
in Central Europe for details note that the hyperinflation in the Weimar republic is not
straightforwardly rebuked for the Nazi climb – the Inflation in the Weimar Republic
happened basically in the period 1921–23, which was contemporary with Hitler's Beer
Hall Putsch of 1923, and is reprimanded for harming the validity of just organizations,
yet the Nazi party just expected government in 1933, 10 years after the hyperinflation
however amidst high unemployment
Reasons of Unemployment in Pakistan:
Industrial sector of Pakistan is so backward so the increasing number of population is
more than the growth of industrial sector
Because of limited number of technical, vocational and professional institutions, the
people of Pakistan remain unemployed.
Some private investors shift their investment (capital) to the other countries.
Unemployment also increased because of the past government’s policies like Golden
Shake hand, and also they imposed ban on jobs etc.
Another major cause of increasing unemployment rate is Increasing population,
Population is increasing with very high rate.
Because the major chunk of population of Pakistan is unskilled so this is also the cause
that they are unemployed.
Majority of population of Pakistan have little or no education.
There is little or no any career counseling or guidance.
Majority of population even don’t know about the available jobs, so lack of awareness
about available jobs is one of the cause of unemployment.
Less number of small enterprises.
Bad employment system
One people hold two, or three jobs at a time and there is no any action.
Energy crisis is also one of the causes of unemployment in Pakistan, most of industries
are shifting to Bangladesh, India, Srilanka, because of energy crisis in Pakistan.
Some other Reasons of Unemployment in Pakistan.
Adaption of new technology is also one of the reasons of unemployment in Pakistan, as
Pakistan adapt new technology so they required less number of labors, this is not a
serious issue because Pakistan is for behind in technology as compare to other countries.
There is high cost and low quality of Agriculture as well as industrial products of
Pakistan, that’s why there is low demand international as well as domestic, that’s why
producers are losing their interest in the production.
8. Unemployment in Pakistan
Page 8
Majority of Businessmen in Pakistan are uneducated so they went bankrupt which creates
unemployment in the country.
Tax system is very bad in Pakistan due to this they cannot collect enough amount from
taxes so they can start development projects.
There can be so many causes of Unemployment in Pakistan but according to me
these above are the major causes of Unemployment in Pakistan. Let’s talk about
some of the solutions of Unemployment in Pakistan.
Solutions of Unemployment in Pakistan:
It is very difficult for Government to overcome this problem (Unemployment), but
according to me some steps that Government should have to take, or simply we can say
that the solutions of unemployment in Pakistan are:
The first thing that Government should have to do, in order to reduce unemployment is to
do proper planning regarding jobs.
There should be equality in the education system of Pakistan, copy culture should not be
promoted and strict actions should be taken.
Institutions for training and technical skills should be established, where people should be
offered skilled program.
Retirement age should be decreased.
Energy crisis problem should be removed as the investors will come in Pakistan to invest,
as investment will be increased so job opportunities will automatically increased
There should not be any favoritism or nepotism in giving jobs. Employment system
should be built.
Encourage small and medium enterprises (SME’s) to invest.
Encourage multinational companies to invest in the country.
Increasing Population should be controlled.
Advantages and Disadvantages of Unemployment in Pakistan:
To the individual who is suffering from unemployment, it is tragedy and
government should do something for that. But for the economist who is looking at the big
picture, unemployment is necessary, and certain amount of unemployment should be there to
sustain the health of economy.
The disadvantages of unemployment is very clear, even to the person who has not read
about the economic theories that because of unemployment people will be not be having money
to spend and their consumption will be less, means less demand so there will be less production
ultimately it will effect again on employment.
Economic theories also tells us that, unemployment is not as worse that it will effect only
on that individual and his/her family members who are depending upon him, rather it will effect
9. Unemployment in Pakistan
Page 9
on the whole economy. Unemployment is not only problem to those who are unemployed but it’s
also the problem for those who are employed it is because, when there is less number of people
who are working so burden of taxes etc. will be clearly on them who are working, so they also
will be having less money to spend.
If we see Unemployment in the perspective of Employer so high unemployment is good
for him, because when he will be advertising for job so more number of applicants will be
coming to get that job even on low salary, Low salary because there will be Labor surplus, Labor
Supply will be greater than Labor Demand. If we see the opposite of this if there is low
unemployment so there will be Labor Shortage, Labor Demand will be greater than Labor
Supply, so in this condition Labors will be paid high,and the product cost will be increased
which is again a bad condition for the economy, so economists suggest that both very high and
very low unemployment rate is not beneficial for the country, it will effect on the performance of
Country, so they suggest there should be unemployment but in the middle of High and Low.
One of the major advantage that economist consider for the unemployment that,
unemployment causes self employment, because of unemployment people turn towards their
own business which is very beneficial for the country, but as the whole we can say that there are
more disadvantages of unemployment that effect the country’s performance.
Conclusion:
Thousands of Graduates of Pakistan are unemployed, Thousands of unemployed workers
are unable to complete their basic needs, country’s production is also suffered by the problem of
Large scale unemployment. Moreover Pakistan’s Population has drastically increased and steps
has to be taken against it, if not the problem will become worst. It is concluded that there are two
important elements that can reduce unemployment, 1) To use Labor intensive industries more
and 2) Adapting the Self-Reliance policies. Country’s Prosperity and Progress is not possible
without the reduction in the unemployment.