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“Unemployment in Pakistan Due to Covid-19”

Unemployment in Pakistan Due to Covid-19″

Covid-19 pandemic is the defining global health crisis of
our time and the greatest challenge we have faced since
world war two. Pakistan has been one of the countries
who are badly affected by Covid-19, with the economic
disruption caused by the pandemic

Before the Covid-19 outbreak, Pakistans economy was
struggling for its growth but was not in the danger of
collapse. The Covid-19 pandemic has severely affected
the nations economy

One of the very worst effects is a decrease in employment,
mostly among people belonging to the vulnerable
employment group. The pandemic has rapidly extended
from the health crisis to economic and labor market crises

Pakistan is estimated to have faced an economic loss of
up to Rs2.5 trillion because of the Covid-19 pandemic in

the past fiscal year. Those Pakistanis who have suffered
the most from the economic impact of the virus on lives
and livelihoods are the country’s daily wage workers and
urban slum dwellers

The countrys unemployment rate that stood at 8.9
percent in 2019 was likely to reach between 17.3 and 21.5
percent. The GDP growth rate for fiscal year 2019-20 was
– ”0.4 per cent ” the first time it fell negative in seven
decades. Per capita income fell from US$1625 to
US$1325. COVID-19 closures and lockdowns to limit the
spread of the virus also contributed to the growth of
unemployment and poverty

The temporary unemployment due to the lockdown is
estimated at 10.5 million workers, including daily wage
and contract/casual workers in establishments. The
Labour Force Survey of 2018 indicates that 1.18 million
workers are engaged in the food and accommodation
sector. Those working in the education sector are 2.5
million, while the transport and storage sector alone
employs 3.5 million. The construction sector, employing
4.7 million workers, construction is the most labor
intensive sector, and most workers engaged in the sector
are daily wagers or employed on a piece-rate basis.
Manufacturing sector, also engaging 9.7 million workers,
is impacted by the lockdown and
cancellation/postponement of export orders
Total expected job disruption is 21.24 million of which
77% (16.49) million is working in the at-risk sectors
including construction; accommodation and food service
activities; manufacturing; transport, storage and
communication; real estate, business and administrative
activities; and wholesale and retail trade, repair of motor
vehicles and motorcycles

Author : Syed Muhammad Arij Haider Rizvi

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