BACK

Lack of jobs

Monday, May 06, 2024

Despite efforts to address widespread unemployment, the challenge persists, posing significant hurdles to social progress and economic stability. Numerous factors contribute to Pakistan’s unemployment crisis, creating a complex web of challenges that defy easy solutions. A fundamental mismatch between skills possessed by job seekers and those demanded by employers is a pervasive issue, perpetuating a cycle of underemployment and missed opportunities. Additionally, the slow pace of economic growth, coupled with structural inefficiencies and institutional barriers, further impedes job creation efforts. The Covid-19 pandemic also dealt a severe blow to Pakistan’s economy.

Lockdowns and restrictions led to widespread layoffs, particularly in sectors reliant on physical presence, such as hospitality, retail, and tourism. While the economy has shown signs of recovery, the scars of the pandemic continue to reverberate, compounding the challenges of unemployment. Addressing Pakistan’s unemployment woes requires a concerted, and multifaceted approach that encompasses policy reforms, investments in human capital and fostering an environment conducive to entrepreneurship and innovation. Government initiatives aimed at promoting job creation, enhancing vocational training and facilitating access to credit for small businesses are essential steps in the right direction.

Eman Tariq

Lahore