A recent study found that 67% of Pakistani young are eager to leave the nation because of the insecure political climate, growing inflation, and unstable economic situations. Dr. Faheem Jehangir Khan presented the findings of the study during the two-day EconFest, which was organized by the Pakistan Institute of Development Economics (PIDE).
According to the report, the job market is terrible, with 31% of young people without jobs despite having degrees from respected universities. An opportunity to relocate overseas and improved employment chances are sought after by many young individuals.
The results highlight the difficulties the government faces in retaining talent and preserving a healthy economy. Since the nation struggles to provide employment possibilities for its growing youth population, the scenario could be detrimental to the nation’s future.
The study emphasizes the need for the government to address the root causes of unemployment and economic instability to retain and attract talent. It also calls for measures to encourage investment, boost business growth, and promote job creation in the country. Failure to do so could see the brain drain of Pakistan’s youth population continue, with significant long-term consequences.
In order to retain and attract talent, the report underlines the necessity for the government to address the underlying causes of unemployment and economic instability. Additionally, it recommends actions to stimulate employment growth, economic expansion, and investment in the nation. If this is not done, the youth brain drain from Pakistan could continue, with serious long-term repercussions.