Stories about The World Bank

Why Pakistan’s hiring culture is scaring away its millennials

Pakistan’s recent economic growth has attracted widespread attention from international investors and organisations. According to the World Bank, Pakistan’s Gross Domestic Product (GDP) is expected to climb to 5.2% in 2017 and will continue to rise for the next two years. As economic growth prevails, so do establishment of new jobs, both managerial and labour-oriented. A research paper titled ‘Determination of Youth Emigration’, written by Ammad Zafar in 2016 of Karachi University’s public administration department, claims that 48.7% of Pakistani youth do not want to stay in the country. The main trends were youth views on unemployment, insecurity, economic problems, and lack of social support and career opportunities. Out ...

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US-Afghanistan withdrawal: Can Pakistan survive without NATO money?

With September 2014 fast approaching, all eyes are fixed on Afghanistan and the announced withdrawal of the United States-led coalition forces. Although the Afghan Loya Jirga has asked President Karazai to sign the peace deal with the US, a majority of the contingents are scheduled to leave by the end of 2014. This mass military exodus from Afghanistan will shift the burden of security responsibility onto the Afghan army and police. It is hard to predict whether the Afghan forces will able to cope with the post-withdrawal security situation or not. Yet the withdrawal will surely have a negative economic impact – ...

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