ANI
27 Sep 2021, 19:33 GMT+10
Islamabad [Pakistan], September 27 (ANI): The unemployment rate in Pakistan has reached 16 per cent which is contradictory to the Imran Khan-led Pakistan government's claim of 6.5 per cent, as per the data by the Pakistan Institute of Development Economics (PIDE) on Monday.
The PIDE has highlighted a grim picture of the rising rate of unemployment and said that at least 24 per cent of educated people are jobless at the moment in the country, according to Dawn.
In its briefing to Senate Standing Committee on Planning and Development meeting, the PIDE said that 40 per cent of educated (undergraduate or graduate) women were also unemployed countrywide.
The PIDE officials pointed out that some educated people get themselves enrolled in M.Phil studies to continue learning as they struggle to fetch a better job. This also skewed the unemployment rate as they weren't included in the figures.
Quoting officials, Dawn reported further that at least 1.5 million people applied for a peon's position in a high court that was advertised recently.
"Among those applying for the job included M.Phil degree holders," officials said.
In response, the PIDE officials said that no research was being conducted at the government level, adding that all such studies were done from abroad. The committee said several research institutes were operating in the country, but the research purposes were not being fulfilled.
Meanwhile, Pakistan's joblessness has jumped from 5.8 per cent in 2017-18 to 6.9 per cent in 2018-19, according to the Labour Force Survey (LFS) published by the Pakistan Bureau of Statistics (PBS).
The first year of Pakistan Tehreek-i-Insaf in power saw an increase in unemployment in the case of both males and females, with the male unemployment rate rising from 5.1 per cent to 5.9 per cent and female unemployment rate jumping from 8.3 per cent to 10 per cent, reported Dawn. (ANI)Get a daily dose of Vietnam Tribune news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Vietnam Tribune.
More InformationISLAMABAD, Pakistan: Pakistan's army said on June 4 that its security forces raided a militant hideout and killed 14 insurgents during...
NEW DELHI, India: India's economy hit a four-year low of 6.5 percent, lifted by an impressive fourth-quarter growth at 7.4 percent....
Mumbai (Maharashtra) [India], June 7 (ANI): India's first-ever professional basketball league has been launched, with the competition...
London [UK], June 7 (ANI): Australian spin veteran Nathan Lyon expressed excitement at the idea of taking on world-class South African...
Berlin [Germany], June 7 (ANI): Former Former Union Minister MJ Akbar, who is part of the all-party delegation led by BJP MP Ravi Shankar...
New Delhi [India], June 6 (ANI): At the 4th India-Central Asia Dialogue held in New Delhi on Friday, the foreign ministers of India,...
ISLAMABAD, Pakistan: Pakistan's army said on June 4 that its security forces raided a militant hideout and killed 14 insurgents during...
NEW YORK CITY, New York: The United Nations General Assembly has elected five countries to join the Security Council starting January...
SEOUL, South Korea: South Korea's new president, liberal Lee Jae-myung, took office on June 4 after a dramatic and chaotic few months....
LONDON, UK: As of this month, it's officially illegal to buy disposable vapes anywhere in the United Kingdom. The new ban, aimed...
SEOUL, South Korea: South Korea's upcoming presidential election has turned into a messy battle full of personal insults and scandals...
FLIN FLON, Manitoba: More than 25,000 people in three Canadian provinces have been forced to leave their homes because of wildfires,...