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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]
However, the labour market differs from other markets (like the markets for goods or the financial market) in several ways. In particular, the labour market may act as a non-clearing market. While according to neoclassical theory most markets quickly attain a point of equilibrium without excess supply or demand, this may not be true of the ...
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.
A social market economy is a free-market or mixed-market capitalist system, sometimes classified as a coordinated market economy, where government intervention in price formation is kept to a minimum, but the state provides significant services in areas such as social security, health care, unemployment benefits and the recognition of labor ...
The dual labour market (also referred to as the segmented labour market) theory aims at introducing a broader range of factors into economic research, such as institutional aspects, race and gender. [1] [citation needed] It divides the economy into two parts, called the "primary" and "secondary" sectors. The distinction may also be drawn ...
The State of Bonded Labor in Pakistan This page was last edited on 12 May 2022, at 23:39 (UTC). Text is available under the Creative Commons Attribution ...
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 Pakistan Workers' Federation (PWF) is a national trade union centre in Pakistan. It is the largest labour organisation in the country and its affiliated unions are among the oldest. The centre itself was created in 2005 through a merger of three former national centres. It is independent and non-political. Internationally, it is affiliated ...