Pakistan faces a significant challenge in the coming decade, as highlighted by World Bank President Ajay Banga, who emphasized the need for the country to create up to 30 million jobs to harness its youth bulge into an economic advantage. This requirement translates to generating approximately 2.5 to 3 million jobs annually. Failure to achieve this could lead to 'illegal migration or domestic instability,' Banga warned during his visit to Karachi, as reported by Business Recorder, Dawn, and Tribune Latest. The country is currently in the implementation phase of a 10-year Country Partnership Framework (CPF) with the World Bank, alongside efforts to stabilize its economy with the International Monetary Fund's assistance. The emphasis is on shifting from 'the idea of projects to the idea of outcomes,' with job creation being the 'North Star' for Pakistan's economic strategy.
POLITICS
World Bank President Ajay Banga Warns of Job Crisis in Karachi

Pakistan must create 30M jobs in a decade to leverage its youth, warns World Bank. Fiscal mismanagement and climate finance gaps compound economic challenges, risking instability and migration.
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Business Recorder
Updated 9h agoPakistan economy to remain in stabilisation phase over next two years: SBP governorFEB 6, 1:57 PMRead →Pakistan must create 30 million jobs over next decade, World Bank president saysFEB 5, 9:33 AMRead →Pakistan govt directs ministries to submit pro-climate budget proposals for FY2026-27FEB 4, 9:26 AMRead →EDITORIAL: Debt ceiling breach signals fiscal riskFEB 4, 2:58 AMRead →Tensions mount over militancy issue: PM pushes for deeper cooperation with KPFEB 3, 2:54 AMRead →Data, not declarationsFEB 3, 1:28 AMRead →Governance shortfalls dent SOE profitabilityFEB 3, 1:27 AMRead →Jan exports up 34.96pc MoM, 3.73pc YoYFEB 3, 1:05 AMRead →IMF deal limits govt’s support to businesses: JamFEB 3, 1:05 AMRead →Retail & storage network: Wafi Energy plans USD100m investmentFEB 3, 1:05 AMRead →
TL
Tribune Latest
Updated 1 day ago'Pakistan must create 30m jobs over next decade'FEB 5, 8:54 PMRead →Unemployment woesFEB 5, 2:48 PMRead →Pakistan must create 30 million jobs in a decade, World Bank president saysFEB 5, 4:31 AMRead →Decentralising climate actionFEB 4, 2:17 PMRead →When constitutional entitlements become grievancesFEB 4, 2:17 PMRead →
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Dawn
Updated 1 day agoPA
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Updated 1 day agoTH
Tribune Home
Updated 3 days agoYT