TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

Pakistan faces an unemployment crisis, thanks to Imran Khan

Amit Agrahari by Amit Agrahari
January 7, 2019
in Geopolitics, Indian Subcontinent
JOBS, PAKISTAN, BUSINESS

(PC: Pakistan Point)

Share on FacebookShare on X

Thousands of people are losing jobs in Pakistan due to newly implemented economic reforms by the newly elected regime in the country. The businesses in the country are asking for ‘amnesty scheme’ to fit themselves in new rules and regulations. The trade and business in Pakistan are suffering due to new rules and the market is almost closed. If the confidence of the business community is not revived huge unemployment will be witnessed in upcoming months, warned analyst.

The Imran Khan government took strong measures to check money laundering, corruption, and fake accounts. But the problem is that for decades, the country’s economy has been dependent on corrupt practices and businesses find it hard to adjust to new regulations. The officials advised that the government should prepare amnesty scheme to allow investors and the business community to readjust without hurting “corrections”. The sectors where most of the people lost jobs like real estate is topmost priority for the government.

Also Read

Pakistan Bombs Afghanistan. Is this Trump’s Bagram Strategy to Contain China?

Pakistan proposes USA to take charge of a port on its coastline, is Islamabad betraying China’s Belt road project and helping the West encircle and attack Iran?

Saudi got NUKE Access? Saudi Arabia and Pakistan’s new Mutual Defense Treaty marks a historic shift, right after Israel attacks Qatar, challenging U.S. dominance as the Gulf’s security guarantor.

The real estate sector was hurt most in last four months of Imran Khan’s tenure. The real estate players faced harassment from the Federal Board of Revenue, the government body that investigates crimes related to taxation and money-laundering. The National Accountability Bureau, an institution responsible to build efforts against corruption and economic terrorism has also been much power under PTI government and this did not go well with the business community.

The association of Automotive Parts and Accessories Manufacturers published through newspaper advertisement that 1200 jobs were already lost in last three months and if some help from the government is not announced job losses in the industry will be 50,000 very soon.

The corrective measures taken by the government and weak macroeconomic conditions are the reason behind the slowdown in the economy. The GDP growth projection for the current fiscal year (June 2018- May 2019) is 3 percent which is the lowest in last four years. The burgeoning fiscal deficit, increase in interest rate, current account weakness, the rising cost of starting business, regulatory cholesterol, inefficient bureaucracy, duty on raw material is causing damage to the industry.

The help from few ‘friendly countries’ like China, UAE, and Saudi Arabia has not been able to boost the business environment in the country. Almost one-third drop in the value of Pakistani rupee did not trigger the expected recovery in exports. “While we needed to address the issue of exports, with no spare production capacity for exportable goods, it would have been good to diversify export base and add more items to conventional items like cotton, rice etc as well as giving exporters targeted incentive rather than massive devaluation.”

In the past few years, we have witnessed that Pakistan has become used to live on borrowed money. The foreign money has helped Pakistan live beyond means. The country faces typical debt problem where government spending exceeds revenues and imports outpace exports. Pakistan has foreign exchange only to support few months of imports and that too due to loans from Pakistan. As the country faces another balance of payments crisis, Imran Khan is traveling from one country to another seeking financial help.

The timely bailout packages and foreign helps never forced Pakistan government to take structural reforms to solve the chronic diseases of balance of payments. Whenever there was economic trouble, the country used its strategic location to seek financial help from foreign countries which were ready to help given the country agrees to become a pawn to them in their foreign affairs strategy.

Tags: Pakistan
Share310TweetSend
Amit Agrahari

Amit Agrahari

Engineering grad but Humanities and social sciences are my forte. Avid reader of religious Scriptures (Especially Hindu), Lord Shiva devotee

Also Read

Zelenskyy Calls Trump: Can The ‘Deal Maker’ Finally End The Ukraine War?

Zelenskyy Calls Trump: Can The ‘Deal Maker’ Finally End the Ukraine War?

October 11, 2025
Qatar gets military access to US base in Idaho, MAGA lashes out at Trump admin allege kickback deals with Qatar

Qatar gets military access to US base in Idaho, MAGA lashes out at Trump admin allege kickback deals with Qatar

October 11, 2025
USA vs China Trade war once again erupts: China's total ban on rare earth export, in retaliation, Trump imposed a 100% Tariff. Who will emerge king of Dealmaker?

USA vs China Trade War once again erupts: China’s total ban on rare earth export, in retaliation, Trump imposed a 100% Tariff. Who will emerge king of Dealmaker?

October 11, 2025
"No Big Deal for Us" Putin signals Russia is ready to match US for nuclear arms race as New START treaty nears expiry, warning of global escalation risks.

“No Big Deal for Us” Putin signals Russia is ready to match US for nuclear arms race as New START treaty nears expiry, warning of global escalation risks.

October 11, 2025
India pays for Russian oil in Chinese Yuan, have the Trump tariffs and threats helped the RIC trio integrate their economies independent of the west?

India pays for Russian oil in Chinese Yuan, have the Trump tariffs and threats helped the RIC trio integrate their economies independent of the west?

October 11, 2025
Trump’s Decision to Deploy U.S. Troops to Israel Sparks Controversy: “MAGA Finds Out They Voted for Endless Wars”

Trump’s Decision to Deploy U.S. Troops to Israel Sparks Controversy: “MAGA Finds Out They Voted for Endless Wars”

October 10, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.