Pakistan’s economy created 5.5 million jobs during the past three years

Pakistan’s economy created 5.5 million jobs during the past three years –on an average 1.84 million jobs a year, which is far higher than yearly average of creation of new jobs during the 2008-18 decade. The data on the employment boom was revealed by Labour Force Survey (LFS) published by the Pakistan Bureau of Statistics (PBS).

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However, the Sindh province remained an exception where unemployment rate significantly went down to just 3.9% in three years as the unemployment rate increased in all other three provinces –the highest one recorded at 8.8% in Khyber Pakhtunkhwa (K-P) during the last fiscal year, according to Labour Force Survey 2020-21.

During 2018-23, on an average 1.84 million jobs a year were created –far better than the yearly average recorded during the Pakistan Muslim League Nawaz and the PPP governments, according to the survey’s findings.

Source: Express Tribune