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Causes Of Unemployment In Pakistan

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A very important issue that plays a crucial role in development of the economies is the underutilization of its human capital or in other words unemployment. Unemployment happens when an individual is available and willing to work but currently without work. Those who have skills and the will to do work, but there’s lack of opportunities to get job are in the category of unemployed.When unemployment is high resources are wasted, people’s income are depressed. (Economic survey of Pakistan, 2010-11). The excessive rate of unemployment negatively impacts on economy which causes unstable economic conditions. This is troublesome as a result of when employees are unemployed, there’s an under-utilization of resources. So the entire production of a …show more content…

In Pakistan per capita income is terribly low, therefore savings are terribly low, hence investments are less. Due to low investment employment opportunities aren’t coming up. During the last three years, Pakistan’s economy has grown on average at 7.5 percent. The key to sustaining this growth rate is to increase the level of savings and investment. A rapid increase in population raises many socio-economic problems in the economy. It not solely increases unemployment, but additionally accumulates the backlog of unemployment. If individuals cannot find jobs in their home country, they may be tempted to relocate to a different country for obtaining jobs. This can be dangerous for the future of a nation, significantly if different nations are attracting its brain drain. Thus, if this problem continuously persists in any economy, it might be a major factor in deteriorating the economic growth. (Pakistan Bureau of Statistics, 2011). Illiteracy is also considered as a main cause of unemployment in Pakistan. In Pakistan majority of peaple remain illiterate due to several reasons which lead to unemployment. It is so because many jobs, technical knowledge and skills. Today an educated and skilled person is more in demand than an illiterate and unskilled person who don't even know

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