Imran niazi, Prime Minister of Pakistan

Pakistan Institute of Development Economics (PIDE) reported that over 31 per cent of Pakistan's youth are currently unemployed and of this figure, 51 per cent are females, while 16 per cent are males, with many of them holding professional degrees.Federico Giuliani, writing in Insideover said that the poor state of Pakistan's economy, which suffered in the aftermath of the outbreak of the COVID-19 pandemic was compounded by inefficient economic administration by the PTI government under PM Imran Khan.The PIDE report reveals that a large part of the working-age group is not even part of the labour force. These people are either discouraged workers or have other means of income to support them, the report stated.Pakistan's economy faces multiple challenges today. The first is the current account deficit, followed by fiscal imbalance. Low agricultural productivity and industrial output come next in that order and finally comes, the flawed structure of the political economy, said Giuliani.The current account deficit has officially reached 5.3 per cent of GDP. Fiscal imbalance is expected to rise to 8.2 per cent of GDP. Cooking oil prices have gone up 130 times since Imran Khan took over as Prime Minister and the cost of fuel has gone up 45 times to PKR 145 a litre in a year. The Pakistani rupee has also taken a pounding, losing 12 per cent to the dollar since July 2021. Thus, to put it mildly, the economy is virtually bankrupt.Last year, PIDE told the Senate Standing Committee on Planning and Development that 40 per cent of educated (undergraduate or graduate) women were also unemployed countrywide. PIDE studies (in 2021) also showed that the unemployment rate in Pakistan had reached 16 per cent, which was contradictory to claims of it being 6.5 per cent put forth by the Imran Khan-led government, reported Insideover.Experience shows that jobless people could be dangerous to Pakistan's well-being. Writing in Pakistan Today, Zoha Aziz warned that unemployed youth of Pakistan are getting frustrated and falling prey to drug addiction, theft, violence, and many other social harms. More ominously, terrorists, drug traffickers and smugglers are engaging them in evil activities.Another negative effect of unemployment is people getting depressed. According to statistics, 136 people committed suicide in Pakistan last year, just because they were unemployed.That unemployment is so high in Pakistan demonstrates the inability of the leadership to effectively address the underlying causes for the problem.That is perhaps why the opposition in Pakistan is planning to move a no-confidence motion against PM Khan, said Giuliani.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Imran NiaziFOLLOW

Imran niazi, Latest News

Amid the controversy surrounding the horse-trading of Pakistani lawmakers, the Election Commission of Pakistan (ECP) on Thursday responded to criticism from the country's Prime Minister Imran Khan by stating that the poll body has nothing to do with ...

Ahead of the vote on the no-confidence motion moved by the Opposition against Prime Minister Imran Khan, dozens of dissident Pakistan Tehreek-e-Insaf (PTI) MNAs came out in the open on Thursday, local media reported. ...

Pakistan Minister for Information and Broadcasting Chaudhry Fawad Hussain on Thursday said that there were reports of the transfer of huge amounts of money to Sindh House. ...

Islamabad, March 17 At least two dozen disgruntled MNAs of Pakistan's ruling PTI have been shifted to the ... ...

Ahead of the no-confidence vote in the National Assembly, Pakistan's Leader of Opposition and Pakistan Muslim League (PML-N) President Shahbaz Sharif has suggested the formation of a national government excluding the ruling Pakistan Tehreek-e-Insaf ( ...

Pakistan People's Party (PPP) leaders have claimed that after the police raided Parliament Lodges last week, the Imran Khan-led Pakistan Tehreek-e-Insaf government is planning to ambush Sindh House in Islamabad. ...

A Pakistani advocate filed the petition in Islamabad High Court, demanding to prohibit the ruling's public rally in Islamabad's Red Zone. ...

Pakistan Institute of Development Economics (PIDE) reported that over 31 per cent of Pakistan's youth are currently unemployed and of this figure, 51 per cent are females, while 16 per cent are males, with many of them holding professional degrees. ...