This article is presented by proofreading and editing site to illustrate the reasons of rise in unemployment rate and exhaustion of economy of Pakistan in Coronavirus pandemic
International Monetary Fund pointed out the projection of Pakistan’s unemployment rate that is predicted to be 6.2% in December, 2020. The Ministry of Planning has estimated that 12.3 million to 18.5 million people will be rendered unemployed due to pandemic. This figure can be aggravated by COVID-19 pandemic and the impact of strict lockdown in this health crisis can escalate the rate of unemployment in Pakistan upward. This persistent issue of unemployment in Pakistan is one of the major problems in this country and failure to resolve this issue is refraining the country from development. Pakistan’s employment setup has deteriorated badly due to Covid-19 pandemic and the lockdown restrictions have pushed the economy into the depths of recession. The reduction in trade and industrial activities drastically affected the employment opportunities in the country. The sudden shutdown of the major marketing places in the major cities resulted in temporary decline of employment opportunities in the country.
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Pakistan had imposed a countrywide lockdown closing down shops, markets, shopping centers, and government, and private offices except for emergency service, in a distressful situation to limit the effluxing COVID-19 cases. Thousands of people around the country have lost their jobs as a result of the coronavirus pandemic. Despite meeting any of the criteria of easing the complete lockdown in the country, Prime Minister of Pakistan, Imran Khan had lifted the lockdown in late May to provide respite to the collapsing economy. The improvement and strength were reestablished in the businesses caused by restrictions related to lockdown. Moreover, lifting up the lockdown rules have opened the door of opportunities of employment that were lost due to implementation of lockdown. National Command and Operation Centre (NCOC) issued a list of twenty cities, declared as Coronavirus hotspot to impose a smart lockdown in order to limit the rate of spread of infection by targeting the hubs of Coronavirus and meanwhile, also lower down the unemployment rate in Pakistan.
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The magnitude of decline in employment opportunities in Pakistan remains uncertain and the future of unemployed people is bleakly empty. Majority of the unemployed workers are not sure if their jobs will be granted again once the crisis is over. There is a need to take steps towards reviving business activities that has been shuttered for months in the major cities of Pakistan to slow down the spread of infection and alternate ways should be opened for unemployed people to seek jobs in this pandemic.