ISLAMABAD: Prime Minister Imran Khan’s initiative to generate 10 million jobs over a five years period stands aligned with the findings of renowned world institutions to cope with the core issue of unemployment for ensuring a promising future for the youth of the country.
The incumbent government had announced ambitious initiative to create 10 million jobs i.e. 2 million jobs every year while the United Nations Development Programme (UNDP) in its recent report had estimated requirements of some 1.3 million jobs every year.
The country requires some 3.5 million jobs instantly to clear backlog created due to over the years unemployment.
Read: Imran unveils PTI manifesto, pledges to provide 10m jobs, 5m houses
As per the UNDP report, combining the current unemployment figures of 3.5 million and additional requirements of 1.3 million brings the figure to the same target as fixed by the Pakistan Tehreek-i-Insaf in its manifesto.
According to UNDP’s National Human Development Report (NHDR), the growth in employment creation was necessary to match the unprecedented number of young people entering the working age. The additional jobs to be created per year were for the next five years, the report added.
Experts believe that the job target set by the Prime Minister appears to be a step forward and convincing determination that needs unflinching efforts and huge economic impetus to disembark the desired destination.
“Expanding the formal sector, supporting entrepreneurship, building the human capital of youth and active labour market policies are key instruments to ensure that the required growth is inclusive and sustainable,” the report added.
The report suggested that the gradual increase in labour force participation rates means added pressure on the labour market with increased demand for employment opportunities.
The NHDR is a thorough document with indigenous youth employment propensity and their demands for the stakeholders to ensure better future promising employment. The survey of the report believed that job creation has been relatively fast in Pakistan.
There is an exchange between creating limited work opportunities that are high in quality and offering a larger number of jobs that do not meet quality conditions. The report recommended that complete concentration on quality and not on creating enough jobs would be equally problematic while failure to produce additional employment opportunities could lead to 43 million people being unemployed by 2050.
The agricultural sector, constituting Pakistan’s main source of employment (42.3 percent), has immense potential for employment generation at both the farm and non-farm levels, adds the report.
The post PM’s 10m jobs initiative aligned with global studies: UNDP appeared first on ARYNEWS.
from Pakistan – ARYNEWS https://ift.tt/2NUy3rg
