- Pakistan Institute of Development Economics (PIDE) states that the unemployment rate is over 16 percent
- 1.5 million people including MPhil degree holders applied for a peon’s position in a high court
- The institute emphasized that 40 percent of the educated, considering both undergraduate and graduate were unemployed in the country
Pakistan Prime Minister Imran Khan’s narrative claimed the rate of unemployment in the country stands at 6.5 percent appears to be a mere hope, as the official data reveals a different story. Pakistan Institute of Development Economics (PIDE) states that the unemployment rate is over 16 percent.
The institute added that nearly 24 percent of educated people in the country are jobless at present. Adding fuel to the incautious situation, a Pakistan-based newspaper reported that nearly 1.5 million people including MPhil degree holders applied for a peon’s position in a high court.
In a briefing to the Senate Standing Committee on Planning and Development, the institute emphasized that 40 percent of the educated, considering both undergraduate and graduate, were unemployed in the country. The public policy think tank also noted that many other educated people have got themselves enrolled in MPhil studies even after they struggle to achieve a job.
The think tank continued that this phenomenon might be skewing the unemployment rate as the aforesaid individuals were not included in the figures. It further specified that no research was being carried out by the government, adding that every such study took place from abroad. It underlined that multiple research institutes were operating in the country, but the research purposes were not being attained.
On the other hand, a survey published by the Pakistan Bureau of Statistics (PBS) mentioned that joblessness in the country has surged from 5.8 percent in 2017-18 to 6.9 percent in 2018-19. According to reports, the first year of Pakistan Tehreek-i-Insaf in power, witnessed a rise in unemployment for both men and women. The men’s unemployment increased from 5.1 percent to 5.9 percent while the female unemployment increased from 8.3 percent to 10 percent.