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Pakistan has one of the largest labour and manpower resources in the world, due to its large population, which is the fifth largest in the world.According to data produced by the CIA World Factbook, the total number of Pakistan's labour force is 57.2 million, making it the ninth largest country by available human workforce. [1]
In the market year of 2018/19, Pakistan exported a record 4.5 million tonnes of rice compared to around 4 MMT during the corresponding period in the previous year. [72] Pakistan is a net food exporter, except in occasional years when its harvest is adversely affected by droughts.
The labour market in macroeconomic theory shows that the supply of labour exceeds demand, which has been proven by salary growth that lags productivity growth. When labour supply exceeds demand, salary faces downward pressure due to an employer's ability to pick from a labour pool that exceeds the jobs pool.
The liberalisation methods raised country's GDP growth at 9.38% (1964), 8.71% (1980s) and 8.97% (2004–07). After exclusive establishment of Pakistan, the country's economic policy for the rapid growth of the national economy was deeply understood and extensive efforts were carried out by the government of Prime minister Liaquat Ali Khan in 1947. [2]
Neoliberalism is a sprawling, contentious, difficult economic and political concept that can be hard to pin down because it shapes our lives in so many ways. Sometimes it can seem to describe ...
Textiles are the back of Pakistan's manufacturing base, contributing $15.4b to exports, making up 56% of total exports, and employing 40% of the labor force. Pakistan is the 8th largest exporter of textiles in Asia, and the 4th largest producer of cotton in the world.
The GCC area is the most popular destination for temporary labour migrants worldwide. [6] The UAE's economy is the largest consumer market in the Middle East and is one of the largest Arab economies, second to Saudi Arabia. Its natural resources made it one of the world’s richest high (high-average income) countries.
Public markets across Pakistan stayed closed on Saturday due to a strike by retail associations over rising electricity prices and brisk inflation, as the country embarks on a tricky path to ...