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Number of unemployed persons in Pakistan at present

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According to the latest available Labour Force Survey (2017-18), the total unemployed persons in Pakistan are 3.79 million out of the total labour force of 65.5 million, depicting an unemployment rate of 5.79%.

Year-wise data on total labour force, total unemployed persons and unemployment rate from the year 1990-91 to the year 2017-18 is given below:

Number of unemployed persons in Pakistan at present

Note: The above data was submitted in the National Assembly by the Minister for Planning, Development and Special Initiatives Asad Umar on February 14, 2020 in a written reply to a question asked by the Pakistan Muslim League-Nawaz (PML-N) lawmaker Chaudhry Muhammad Barjees Tahir.

Responding to another question asked by Ali Khan Jadoon of Pakistan Tehreek-e-Insaf (PTI), Asad Umar told the House that the Chinese Companies have not given any loans to the government of Pakistan; however, the Chinese government has provided the loan for the following projects:

  • Thakot-Havelian Road project (KKH-II)
  • M-5 Motorway Multan-Sukkur Section
  • Optical Fiber (Khunjrab-Rawalpindi)
  • Orange Line Metro Train Project
  • Eastbay Expressway Road Project

The following three kinds of loan modes have been used for the execution of the China Pakistan Economic Corridor (CPEC) projects:

  • Government Concessional Loans (GCL)
  • Preferential Buyer Credit (PBC)
  • Buyer Credit (BC)

Furthermore, the Eastbay Expressway project worth US$ 179 million is an interest-free loan.

The minister further told that the composite interest rate of all CPEC loans is approximately 2.4%, and the loans are for a tenor of 20 years with a grace period of 5 to 7 years.

Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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