Pakistan's Unemployment Crisis: Youth at Risk

Pakistan is currently grappling with a severe unemployment challenge, as highlighted in the Pakistan Economic Survey 2023-2024. The report reveals that approximately 4.5 million individuals in the country are currently without work. However, these figures are based on a survey conducted in 2020-2021, indicating that the actual number of unemployed individuals could be even higher.

The youth population in Pakistan is particularly hard hit by this issue, with those aged 15-24 facing an unemployment rate of 11.1%. Shockingly, the rate of unemployment among young females in this age group is even higher, standing at 14.4%. This not only hampers the ability of young people to contribute to the economy but also poses a threat to the social fabric of the nation.

The lack of job opportunities not only leads to frustration and disillusionment among the youth but also fosters a sense of hopelessness with long-term consequences. This crisis goes beyond economics; it is a social catastrophe that endangers the stability and progress of Pakistani society.

The government's inaction in addressing this crisis reflects a serious neglect of a critical issue facing the country. Urgent and comprehensive measures are essential to combat this challenge, including investments in education, skills development, support for small and medium enterprises, and the fostering of an entrepreneurial environment.

Without prompt intervention, the unemployment crisis in Pakistan is poised to escalate, with significant implications for the nation's future. Prioritizing job creation and economic growth is crucial to ensure a prosperous and sustainable future for all Pakistanis.