WHY ARE SO MANY QUALIFIED STUDENTS UNABLE TO FIND A JOB

IN PAKISTAN? WHAT SHOULD BE DONE TO RESOLVE THIS ISSUE ?

Unemployment is enforced idleness of wage earner who is able and willing to work but cannot find
jobs. In societies like Pakistan where most people earn their living only by working for others, being
unable to find a job is a serious problem. In the current situation more than 30 lac people are
unemployed in Pakistan and unemployment ratio is more than 12%. In Pakistan, population
pressure lowers the economic growth rate and resulting in slow growth of country’s economy. The
existence of unemployment among educated person in Pakistan is a cause of serious concern. This
fact, besides representing gross wastages of both men and material inter alia is an undue drain on
the economy, as well as having potential for serious socio-political repercussions.

One of the reasons of qualified students being unable to find a job is that uncertainty and unrest in
Pakistan and the worsening law and order situation that has played an important role in
transferring the business to other countries, foreign investors do not feel secure in investing in such
a country in which their businesses are not secure. Due to weak political system and unstable
government structure in Pakistan, no foreign companies want to invest in unrest environment
which become the cause of unemployment because of lack of job opportunities in the country.
Karachi is the biggest industrial base of Pakistan, but investors are reluctant to invest there because
of unrest and violence. If we really want to reduce unemployment rate in Pakistan so first steps
should be taken for controlling the worst law and order situation in the country.

Rapid growth in population is the main factor that is worsening this situation, but Pakistan is one of
the most populated countries of the world with annual growth rate being nearly 3 percent. It means
that about 1 million workers are added yearly to the existing labor force which calls for creating job
opportunities. Increase in population contributed much in rising unemployment rate in Pakistan
and if the population growth keeps on increasing with the same ratio then it will create more
problems.

In country like Pakistan where resources are not equally distributed in all sectors of the industry so
eventually pressure on one particular industry and profession is a natural outcome. Previously for
girls medicine was the best option and for boys engineering was the best choice but now with
industrialization and urbanization things are changing. With the boom of new technologies new
industries are emerging and making the values in the market, I.T field is one of it and majority of
the young generation wants to join I.T industry and pursue it as a career because of availability of
resources and its rising scope. So things are not handled in appropriate manner, as the vacancies
are less but job seekers are more. After I.T, young generation is running behind commerce industry
and majority of them have the degrees of BBA and MBA but their degrees are not paying them
despite of the fact that they had paid huge fees and time in completing the degree and hoping for
the better future in this field, but in return they didn’t get the 100 percent results which was
expected by them. So, pressure on few industries results in lack of opportunities and work force in
other and they become the neglected sectors of society because no one is willing to pursue the
career in them. Importance of all industries should be highlighted and equal opportunities and
facilities should be provided in all sectors so that no particular industry or profession face the
burden which later on results in job shortage and unemployment.

Another reason why unemployment occurs is when there is a great economic depression or “global
recession”. When economy falls down, many become affected, especially the employees. During this
kind of situation, employer and other business owners are forced to reduce their workers in order
to cope up with the right wages of the workers.

Industrial sector is the second largest sector of our economy and contributes 19% to national
income. This sector should employ a large number of laborers. But due to backwardness, it is
employing a small number of people. Due to electricity breakdown, already established industry is
deteriorating, resulting in the prevailing unemployment ratio.

In order to resolve the issues discussed above, Economic Revival package should be announced by
the government for the revival of the industrial sector, to stimulate production and investment.
Government should try to boost exports through broadening the tax base and lowering tariffs.
Government should also announce multiple packages for the development of agriculture sector to
boost production. A number of fiscal and monetary measures should be adopted to attract
industrialists and particularly foreign investment. Moreover, technical training facilities should be
provided. In this way unemployed people will get a chance to enhance their skills and become able
to earn more reasonable income.

Sanober Taufique

BBA-2D

Reg ID.: 22674