Millions of youth will be unemployed in the next 6 months

Lahore, 20th August: Millions of Pakistani youth will be unemployed in the next three to six months due to the COVID-19 pandemic.

According to Baaghi TV, around 3.7 million Pakistani youth are likely to be unemployed in the next three to six months because of the COVID-19 crisis.

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The Asian Development Bank (ADB) has predicted in a recent report on youth employment, that almost 3.7 million Pakistani youth can remain unemployed for a period of six months or less owing to the global pandemic.

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The ADB report, ‘Tackling the COVID-19 Youth Employment Crisis in Asia and the Pacific’, says that the youth of Pakistan and 13 other countries in Asia will experience a rise in unemployment.

Some of the other countries included are Indonesia, Japan, Malaysia, and Vietnam. Hong Kong and China will encounter the largest surge in unemployment. Altogether 10 to 15 million youth of these 13 countries can end up jobless.

The report says Pakistan’s 1.5 million youth are likely to be unemployed in the next three months and 2.258 million youth in the next six months.

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As per the report from Samaa TV, the reasons for the unemployment in Pakistan are the large workforce and the government’s early decision for a lockdown which continued for four-and-a-half months.

It caused the youth unemployment rate to increase by 12.6% from 8.9% at the end of 2019 to 21.5%.
In a six-month (virus) containment scenario, job losses for youth may equal 6.1 million in India, followed by Pakistan with 2.3 million, the report said.

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The situation might get worse for the Pakistani youth in the next coming days, so the government is urged to look into the matter and find a possible solution soon.

The government should look into increasing the public sector jobs for the youth and start finding foreign investors to invest in Pakistan, thus increasing the employment chances.

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