ISLAMABAD: It is impossible for joblessness to decline at the current growth rate the country maintain, said the minister of planning and development.
Ahsan Iqabal, Pakistan Muslim League Nawaz’s leader linked economic growth rate to unemployment and poverty, local newspaper reported.
Iqbal, on Monday said that it is almost impossible to stop unemployment if the growth in population keeps mounting. He further added that Pakistan needs at least 150,000 jobs every year but it can only happen if the economic growth rate is seven percent.
People concerned about sustainable development suggest that meeting the needs of the future depends on how well we balance social, economic, and environmental objectives.
He further added that the China Pakistan Economic Corridor is gaining momentum and gradually changing the perception of investors who were scared to put their investment in risk.
For year 2016-17 the planning commission has set a target of six percent of growth rate and seven percent for 2017-18.
When asked about the Millennium Development Goals, Iqbal said that Pakistan faced embarrassment globally for not achieving it but the federal government looks contended to overcome this embarrassment by achieving sustainable development goals.
The employment rate has saw a decline of 6.24 percent for the year 2012-13 and 6 percent in 2013-14.