Islamabad: According to Pakistan’s Federal Bureau of Statistics, the total number of jobless people stood at 2.9 million with an unemployment rate of 5.5 percent while every fourth person is living below the poverty line in the country.
Around 22.6 percent of the total population has a daily income of less than $1.25, said a report issued by the United Nations Development Fund in 2009.
Around 13 percent of Pakistan’s youth were unemployed and the economic condition of 28 percent families turned bad in 2009, according to some reports.
The situation in neighbouring India is more miserable as 41 percent of its population has a daily income of less than $1.25, while in Bangladesh it is 50 percent, Sri Lanka 14 percent, Nepal 55 percent and Bhutan 26 percent.
According to available statistics, Pakistan is ranked 5th in South Asia and 105th in the world in terms of poverty.
According to a survey carried out two years ago, the economic condition of 28.3 percent families turned bad in 2010 while only 4.7 families got stable economically.
Around 1.5 billion labourers associated with informal sector are facing uncertain situation regarding job security. The unemployment rate had reached up to 6.6 percent in 2009 in the world while in Pakistan the same stood at 13.4 percent, said an International Labour Organization report.
A World Bank study has said that 1.4 billion people around the world are living on less than $1.25 per day income.
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