24pc educated people are jobless countrywide, Senate body told
ISLAMABAD, SEPT 27: The Pakistan
Institute of Development Economics (PIDE) on Monday painted a grim picture of
the rising rate of unemployment across the country, underlining that 24 percent of educated people were jobless at the moment.
The PIDE, in its briefing to the Senate Standing Committee on Planning and Development meeting chaired by Saleem Mandviwala, said the unemployment rate in the country had reached 16pc — contrary to the government’s claim of 6.5pc.
The committee was also informed
that 40pc of educated women were also unemployed countrywide.
The term ‘educated’ here refers
to those people who have acquired an undergraduate or graduate degree, which should
enable them to find a job.
The PIDE officials pointed out
that some educated people get themselves enrolled in M.Phil studies to continue
learning as they struggle to fetch a better job. This also skewed the
unemployment rate as they weren’t included in the figures.
‘1.5m people including M.Phil degree holders applied for a peon’s job’
The officials told the Senate
committee that at least 1.5 million people applied for a peon’s position in a
high court that was advertised recently.
“Among those applying for the job
included M.Phil degree holders,” officials said.
The Economic Survey 2020-21
released in June this year had revealed the spread of Covid-19 had severely
affected employment conditions in the country and the suspension of economic
activities due to imposition of lockdowns rendered an estimated 20.71m workers
jobless.
According to the survey, a large
population and lack of proper management of human resources have also had a
negative impact on the employment rate in the country.
“Pakistan being the fifth most populous country with the ninth largest labour force in the world, adds a large number to its workforce every year,” the report had pointed out.
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