World Bank says Pakistan must create 30 million jobs in a decade to support workforce growth.
Pakistan Needs 30 Million Jobs in 10 Years says World Bank
Pakistan needs to generate millions of new jobs over the next decade to support its growing population and sustain economic stability, the World Bank president said while outlining long term development challenges facing the country.
Pakistan Jobs Requirement laid by World Bank
The World Bank president stated Pakistan must create around 30 million jobs within ten years to absorb new entrants into the workforce. The labour market is expected to expand rapidly due to demographic growth, increasing pressure on employment generation.
Officials indicated job creation will be essential to maintain income levels and prevent economic stress among younger populations.
Economic Growth and Workforce
The assessment emphasised that higher productivity, industrial expansion and investment in small businesses are necessary to support employment demand. Improving education, skills training and labour participation rates were also highlighted as key factors for sustainable growth.
Authorities noted that structural reforms in taxation, regulation and financial access could help encourage private sector hiring.
Development Policy Challenges
The World Bank stressed the need for policy stability and infrastructure development to attract investment and create long term employment opportunities. Expanding manufacturing and services sectors is considered critical for economic resilience.
The remarks underline broader challenges faced by developing economies experiencing rapid population growth and labour force expansion.
