Currently,
looking at the condition of Pakistan, it is sad to say that many people are
unemployed. Even some people are highly capable and a few among them have good
education and fulfil all the requirements of a particular job, but couldn’t get
one just because of unemployment.
The
Pakistani rate of unemployment increased by 6.5 percent, and we can say that
one out of every 10 persons in the country are experiencing unemployment. The
statisticss from the urban areas for the unemployment rate were taken and it
increased by 2 percent to 10.1 percent and in rural areas it increased from 4.3
percent to 5 percent. In the year 2020, when the unemployment rate in Pakistan
was approximately 4.45 percent, a minor decrease from 4.65 percent the previous
year. According to the Trading Economics Global Macro Model and Analysts
expectations, the unemployment rate is likely to reach 5.0 percent by the end
of 2021. According to official information, the predicted growth of the economy
has almost eliminated the informal sector in which three of every four people
lost their livelihoods between April and July the previous year. According to a
report, “Special Survey for Evaluating Socioeconomic Impact of COVID-19 on
Wellbeing of People”, the labour market of Pakistan dropped by 13 percent in
the April–June quarter of 2020, leaving 20.7 million people out of work and due
to that those workers, who mostly affected by this were the low-skilled young
workers.
Such an
environment should be created by the government which makes the industrialist
set up more and more industries. There are numerous such people of very
creative mindset but who are facing high interest rates on personal loans
in Pakistan. The government needs to start a scheme to encourage and promote
them. The businessmen should be encouraged to start their own business or
continue with their family businesses
The
jobless people can always be dangerous to a nation’s well-being. Those youth of
the country who are unemployed are getting frustrated and falling a prey to
drug addiction, theft, violence and many other social harms. Terrorists, drug
traffickers and smugglers are engaging them in evil activities.
The
people are getting so much depressed that according to the statistics, 136
people committed suicide just because they were unemployed. The unemployment
rate is the ratio of unemployed individuals in the labour force. Unemployment
negatively impacts the disposable income of families, diminishes employee
self-confidence, erodes purchasing power and lessens an economy’s output.
There
are three major causes of unemployment, economic causes, social causes and
financial causes. The use of advanced technology, mechanization of agriculture,
low industrial growth rate and reduction in foreign employment all comes under
economic causes and need great attention. The second are social causes which
include: high population rate, widespread illiteracy, lack of technical
education, nepotism and favouritism, re-employment, political instability,
rural-urban migration and Afghan refugees. The third set are financial
causes which include: deficiency of capital and lack of credit facilities.
All
these causes need to be addressed on time. Those factors which give heat to the
unemployment are poor governance, political instability and corruption. First
attention should be given to the factors of unemployment, because if the base
or root is not strong then there is no use of putting efforts to get fruits.
For better fruit strong roots are required. Therefore, we need to focus on our
factors to make a better and more fruitful society. The law is not considered a
supreme or respectable aspect of our society. Due to lack of obeying law,
everyone considers himself superior and does whatever he wants. The violation
of law makes the system weak, due to which people keep away from investing or
creating industries in the country.
Unemployment
can be converted into employment by taking certain steps. The government needs
to act sensibly and do proper planning. Education systems need to be improved
and well managed and should be equal for everyone. The government needs to
establish well recognized technical and training institutions, where the skills
programmes are offered. To encourage the youth, motivational programmes should
be done, such as programmes against drug addiction and homeless individuals.
Also, there should be support programmes for mental issues.
The
concept of discrimination should be ended from society to create a better
atmosphere. The fiscal and monetary measures should be taken in a financial
crisis situation. It is the job of the government to give many facilities and
benefits to the investors so that they invest more in our country
Such an
environment should be created by the government which makes the industrialist
set up more and more industries. There are numerous such people of very
creative mindset but who are facing high interest rates on personal loans
in Pakistan. The government needs to start a scheme to encourage and promote
them. The businessmen should be encouraged to start their own business or
continue with their family businesses.
Unemployment
is a significant issue for any economy. It creates adverse impacts on the
unemployed as they are jobless and suffer from worse chances to find a new job,
and those who are employed feel less secure about keeping their jobs in future.
It is the job of the government to strictly monitor the implementation of laws.
The people of the country should help the government to fight against
unemployment. Therefore, every citizen should follow the rules and regulations
in their true spirit and should maintain discipline. To make our country
successful, along with the government, every individual should do their part of
the job.
Good
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