Insha Rehman
Inflation and unemployment are hot topics of all financial system especially in the economy of Pakistan. Whereas, “Employment” means work of different workers along with particular ending objective to get not many earnings that will be used for accomplishing their daily wants. Opposite of that, unemployment is a period when people are effectively looking for jobs and are reasonably content to work at any wage level that currently lies in the target market.
All policy-makers aim for achieving low inflation and unemployment. In Pakistan’s context unemployment was one of the main problems due to the lack of adaptation in all under developing countries of the world. The high rate of unemployment in Pakistan is critical problem which is recognized by the industrialized states. On contrary, the exorbitant unemployment rate affects the financial system that leads to unstable monetary scenario. It tends to be a problematic in sense that in the case of unemployment, resources are under- utilized by skilled workers. The potential level of income and resources are not as much as overall population in these countries therefore was not completely used. The Pakistan’s government should focus on to the build employment opportunities throughout different useful exercises, use of every existing factor of yield. It is often fall out with the aim of single-digit inflation and unemployment percentage about around five percent could ensure that macro-economic strength is strengthened in an economy where everything is equal. Macroeconomic permanence is very essential to development, setting up, and growth of any country. The inflation and unemployment are significant areas for economists and trade legislature. Main goals of complete employment as well as steady financial system throughout low inflation achieved through macroeconomic strategy.
Finally, if I talk about the current inflation rate in Pakistan it is round about 11.5%. And same if, I talk about unemployment rate in Pakistan it is about 8.3% that is the main reason why Pakistan is not making process like other countries. I will recommend that the appropriate economic policies may be designed to stabilize the economic growth and control the inflation and unemployment in the current economy. I will also recommend that every government should follow the same goal for the betterment or to achieve their economic objectives yeah, the polices or the strategies could be the different for achieving and sustaining on that goals instead of making new plans while starting a new reign of government. And also the need is that we have to change our thoughts and stop blaming government. Infect, it is not wrong to say that firstly you have to change yourself for changing the economy or environment.
The writer is student at SZABIST Islamabad
