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The Periods of Stagflation, [1] also known as Stagflation in Pakistan or inflation and unemployment in Pakistan, are periods of economic stagflation in Pakistan's economic history, which has affected Pakistan's economic trajectory since its inception. [1] [2] Pakistan's economy is battling a state of virtual "stagflation", means that Pakistan ...
2022 Pakistan floods in summer cause over $30 billion dollars in economic losses in Pakistan. [26] At the end of March 2022, the State Bank of Pakistan's reserves stood at $11.425bn, but they gradually tanked to an almost four-year low of $6.715bn on 2 December. Pakistan's foreign exchange reserves equal to just five weeks of merchandise ...
Amid these economic dynamics, Pakistan underwent a structural transition. The GDP share of agriculture declined from 53% in 1947 to 21.2% in 2010, while the GDP share of industry rose from 9.6% in 1949–50 to 25.4% in 2010. Additionally, the GDP share of the services sector increased from 37.2% in 1950 to 53.4% in 2010.
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) [2] not being in paid employment or self-employment but currently available for work during the reference period. [3] Unemployment is measured by the unemployment rate, which is the number of people who are ...
Economic history of Pakistan. Since independence in 1947, the economy of Pakistan has emerged as a semi- industrialized one, the on textiles, agriculture, and food production, though recent years have seen a push towards technological diversification. Pakistan's GDP growth has been gradually on the rise since 2012 and the country has made ...
Poverty, unemployment and a population boom contribute to Pakistan's current social problems. As of 2008, over 17% of the total population was found abjectly living below the poverty line [3] while the unemployment rate, as of 2010, numbered up to an unprecedented 15%. [4]
Youth unemployment. Young people protesting about youth unemployment in Hamburg. Youth unemployment is a special case of unemployment; youth, here, meaning those between the ages of 15 and 24. [1] Young people have difficulties finding work, consistently different from those of the general workforce. They also are affected in distinct ways.
Child labour in Pakistan is the employment of children for work in Pakistan, which causes them mental, physical, moral, and social harm. [27] The Human Rights Commission of Pakistan estimated that in the 1990s, 11 million children were working in the country, half of whom were under age ten. In 1996, the median age for a child entering the work ...