Population Boom or Bust: Pakistan’s Economic Challenge
Key Points
- Urbanization & Resource Strain: Population growth (2.55% overall, 3.65% urban) is increasing pressure on infrastructure, housing, and public services.
- Youth Unemployment: With a 6.3% unemployment rate, job creation is crucial to avoid socio-economic instability.
- Government Initiatives: Programs like the Youth Skill Development Programme and Business Loan Scheme aim to equip youth with skills and entrepreneurship opportunities.
- Industrial & Economic Expansion: Special economic zones, IT parks, and public-private partnerships are needed to create jobs and boost exports.
- Policy Reforms Needed: Improving the ease of doing business, investing in digital infrastructure, and integrating technology into industries can drive sustainable growth.
Summary
Pakistan’s growing population, especially in urban areas, is putting immense pressure on infrastructure, jobs, and public services. While government initiatives aim to address youth unemployment through skill development and entrepreneurship, more targeted reforms are needed. Expanding industrial sectors, attracting foreign investment, and improving business regulations can help absorb the rising workforce. The Digital Population Census provides vital data for informed decision-making, and leveraging it effectively can lead Pakistan towards long-term economic stability.
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