Islamabad, Feb. 5 -- Pakistan must create as many as 30 million jobs over the next decade if it hopes to turn its large and increasing youth-based population into an economic asset rather than a liability, warned Ajay Banga, president of the World Bank.
His remarks came as Pakistan moves into the implementation phase of the new 10-year Country Partnership Framework (CPF) agreed with the World Bank last year, with Banga stating that the Islamabad is currently facing a demographic crisis.
With millions of young people entering the workforce every year, Pakistan needs to generate between 2.5-3 million jobs annually, which means around 25- 30 million jobs by the mid-2030s in order to avoid further surge in unemployment, social unrest, and out...