25 July, 2014 / Ramazan 26, 1435

Unemployment soars to six per cent

Published Apr 11, 2013 05:04am

OUR country is going through the toughest of times. The economy has hit rock bottom. The Labour Force Survey 2011 shows that unemployment soared to six per cent from 5.60 per cent a year earlier.

History has proven that with each downturn in the economy, it is only persistence and entrepreneurial drive that brings us back.

Entrepreneurship has made tremendous contribution in accelerating the socio-economic development of developing countries.

But in Pakistan, we see there is a lack of entrepreneurial spirit, while change, critical thinking, creativity and innovation are not encouraged by educational system. Similarly, the educational system does not encourage entrepreneurship.

The notion of starting a business is not deeply entrenched in the local culture.

Meanwhile, appropriate efforts are not being made in inculcating the entrepreneurial passion among pupils. Thus we observe widespread unemployment. There are way too many job seekers than job creators.

There is dire need of spreading entrepreneurial culture. This is perhaps the only way out of this state of depression and shrinking job market.

Significant student counselling must be provided in this regard to enhance potential entrepreneurs. The forthcoming government must support small medium enterprises (SMEs) and enhance the roles of relevant agencies, Smeda, chamber of commerce and the likes.

AMIR IKRAM            Lahore

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Comments (10) (Closed)


Sam
Apr 11, 2013 04:05am
Stock exchange is booming and touching highest records.There are plenty of options around.
deo
Apr 11, 2013 04:07pm
Unemplyment rate of 6%, if true, is great. More or all the the western economies are facing an umplyment of more than 6%. In realty the piciture in Pakistan (and many other developing nations) is much worse. The real unemplyment level in Pakistan, indian etc. is more than 50%. If there is emplyment there will be income and economics prosperty in the society.This is not the case in Pakistan (or India). Thus, 6% unempyment in Pakistan is myth.
Arslan Tariq Rana
Apr 11, 2013 04:19pm
A nice article stressing on the need of the day. You have highlighted an important issue and I appreciate it personally. Be your own boss should be the slogan. We should focus on giving jobs not postulating for them. Although it sounds a bit hypothetical at the moment but it should be instilled. I think the courses should be designed not only at the university level but also at secondary level, so that students could have the mindset d?s le d?part (from the start).
Amir Ikram
Apr 11, 2013 04:25pm
undoubtedly opportunities are all around us. rather than lamenting over the problems, we need to become opportunistic; rather than producing job-seekers, we need to generate job-creators... it's all about changing mindset.
asim
Apr 11, 2013 07:47pm
I am sure employment has soared to six percent.
Sue Sturgess
Apr 12, 2013 06:05am
Pakistani's are taught that everything that happens is the will of Allah, and that Allah will provide for them, so there does not seem to be much point in being entrepreneurial, when there is no belief in self determination.
Riaz Akbar
Apr 12, 2013 06:36am
I put this question to 'think tank' to offer solution in checking high rate of unemployment. I can offer one solution to overcome energy crisis which is main hurdle in creating jobs as industry cannot run without energy.
Amir Ikram
Apr 12, 2013 09:36am
I am quoting the figure from Dawn's March 31, 2013 article 'The shrinking job market' http://dawn.com/2013/03/31/the-shrinking-job-market/ Having said that, i do agree with your comments.
Amir Ikram
Apr 12, 2013 06:20pm
With due respect, I beg to disagree with your analysis. Your belief might have been incited by your restricted interaction with Pakistanis; generalization of this is not fair. Being an educationist, we are inculcating and prospering entrepreneurial behavior among prospective Pakistani pupils, and we are succeeding in our endeavors to quite an extent. Let me ensure you that vast majority of Pakistanis have ?high internal locus of control?. Moreover, entrepreneurship is an integral part of Islamic religion; Islam encourages to venture into business; Prophet Muhammad (PBUH) expounded that 9 out 10 sources of sustenance are through business. Yes, we have faith in everything that happens is the will of Allah; we also believe that Allah helps those who help themselves. Self-determination is also part of our faith.
Amir Ikram
Apr 12, 2013 06:42pm
Undoubtedly energy crisis is significantly obstructing industrial growth, your entrepreneurial ?solution? might present opportunities to potential entrepreneurs out there. I would appreciate if you summarize your idea over here; let?s brainstorm it and come up with practical implementation of your yet-to-be-disclosed idea.