Unemployment: A menace to the loc al economy

ing and can be seen in various sectors One of the most significant impacts is on household incomes, as unemployed individuals and their families may struggle to make ends meet This can lead to poverty, food insecurity and an inability to access basic services such as healthcare and education

Unemployment also has a negative impact on the business sector, particularly small and medium-sized enterprises (SMEs) When individuals are unemployed, they have less disposable income to spend on goods and services leading to decreased demand and revenue for businesses This can result in reduced investment job cuts and closures, which further exacerbates the problem of unemployment

The local economy also suffers from a lack of productivity and innovation when there is high unemployment With a large portion of the population not participating in the labor force, the economy is unable to fully utilize its potential for growth and development This can lead to a lack of economic diversification, a lack of investment in new technologies and infrastructure, and a lack of opportunities for businesses to expand

Furthermore unemployment also has a direct impact on the government’s budget as it leads to an increase in social welfare spending and a decrease in tax revenue The government has to spend more money on providing assistance to the unemployed and their families, while at the same time, it receives less revenue from taxes as the unemployed are less likely to be paying taxes

The government has implemented various policies and programs to address unemployment in Pakistan These include job creation

The Prime Minister emphasized that AMAN-23 will pave the way to make the region more peaceful and secure with combined efforts by all stakeholders

T h e C h i e f o f t h e N a v a l S t a ff t h a n k e d the honourable Prime Minister for gracing t h e I n t e r n a t i o n a l F l e e t R e v i e w w i t h h i s p r e s e n c e T h e N a v a l C h i e f a s s u r e d t h a t P a k i s t a n N a v y w i l l c o n t i n u e t o p l a y a d ynamic role in enhancing regional maritime s e c u r i t y i n d i v i d u a l l y a n d i n c o l l a b o r a t i o n w i t h p a r t n e r n a v i e s N a v a l C h i e f a l s o h i g h l i g h t e d t h a t s u c c e s s f u l c o n d u c t o f P I M E C 2 3 h e l d i n t a n d e m w i t h M u l t i n at i o n a l E x e r c i s e A m a n 2 3 i s a m a n i f e s t at i o n o f P N r e s o l v e t o p r o m o t e m a r i t i m e p o t e n t i a l o f P a k i s t a n

Zong 4G signs MoU with ‘Knowledge Platform’ for a state - of-ar t Learning Management System

i s l a m a b a d: In order to address the rising demand for organizational administration, campaign analytics, and the generation of digital content, Zong 4Ghas partnered with Knowledge Platform, a top EdTech company, to help speed up the penetration of a hi-tech Learning Management System (LMS) One of the top providers of "next-generation" learning solutionsforthe AsiaPacific, with headquarters in Singapore, Knowledge Platform was established in 2000 As a channel partner, Knowledge Platform will help Zong 4G develop an online learning and management solution for its corporate clients that will help them improve their business operations The ceremony took place in Islamabad where both Zong 4G management and representatives from Knowledge Platform were present p r

BankIslami celebrates PSL with bike rally as it becomes Platinum S ponsor for K arachi Kings

K a r a c h i: BankIslami, Pakistan’s leading Islamic financial institution, celebrated the start of PSL 2023 with another successful bike rally: The Kings March as Karachi King’s platinum sponsor for the second consecutive year The event was attended by the employees and senior management of BankIslami, cricket legend Moin Khan and representatives of the sports bike community The event offered cricket fans and motorcycling enthusiasts, a perfect opportunity to come together in support of their favourite local team The rally started at Dolmen Mall Clifton and after making its way through Shahrah-e-Faisal, culminated back at the mall p r

Nestlé Pakistan recognised at OICCI Women Empowerment Awards 2022

Karachi: Nestlé Pakistan was recognised at the Overseas Investors Chamber of Commerce and Industry Women Empowerment Awards 2022 held in Karachi, becoming the first runner-up

The acknowledgement reaffirms Nestlé Pakistan s constant commitment towards creating an inclusive culture, in a country where gender gap is staggering and female representation in workforce is low

Upon receiving the award, Komal Altaf, Chief Financial Officer, Nestlé Pakistan said, Long-term prosperity is only possible when women are provided a level playing field to achieve their potential and we have been working very hard to implement these principles within our organization as well as outside p r schemes, such as the Prime Minister ’s Youth Training Program, and the establishment of special economic zones to attract foreign investment

Additionally, the government has also introduced policies to support small and medium-sized enterprises, such as microfinance schemes and tax incentives

However these policies have had limited success in reducing unemployment The main reason behind this is the lack of implementation and monitoring of these policies as well as the lack of coordination among different government departments and agencies Furthermore, the lack of a proper education system in the country has also led to a lack of skilled workers, making it difficult for businesses to find the right employees

In conclusion, unemployment is a critical issue in Pakistan, with significant consequences for the local economy It has a negative impact on household incomes, the business sector and the government s budget The government has implemented various policies and programs to address unemployment but these have had limited success due to lack of implementation and coordination

To effectively address unemployment, the government needs to take a comprehensive approach that includes improving the education system, increasing investment in infrastructure, and creating an enabling environment for businesses to grow and create jobs

The author is a A2 student at Aitchison College Lahore

Federal Minister for Human Rights meets APPG delegation

A d: Federal Minister for Human Rights Mian

Riaz Hussain Pirzada held a meeting with the parliamentary delegation of All Party Parliamentary Group (APPG) on Freedom of Religion or Belief from the United Kingdom at Ministry of Human Rights in Islamabad Minister welcomed the delegates and said that Pakistan has traditionally strong and strategically significant and longlasting relations with the UK In response to a question posed by one of the delegates on the steps taken by the state for the protection of minorities minister said that there was a strong constitutional and structural framework present in the country for the freedom and protection of the rights of minorities Articles 20, 21, 22, 25, 26, 27, 28, 33 and 36 of Pakistan s Constitution provide guarantees to t h e m i n o r i t i e s r e g a r d i n g f r e e d o m o f r e l i g i o n , e q u a l p a r t i c i p a t i o n a s w e l l a s r i g h t t o p r e s e r ve a n d p r o m ote their cultural identity, value and practices He expressed that it was a fact that whenever we were to receive some visit of international monitory or human rights organization, an untoward incident happens where foreign spy agencies of hostile neighbors were mainly involved for doing fake propaganda to defame Pakistan Minister further stated that recent incident of lynching a man accused of blasphemy i n N a n k a n a S a h i b i s ve r y t ra g i c a n d h i g h l y c o n d e m n a ble act No one should be allowed to take law into own hands Blasphemy laws are framed for the deterrence and punishment are rigorous in such offenses but the misuse of these laws can only be averted by taking strict actions under the law against the culprits p r

PTA unveils centralized platform for c yber sec urity management

ISLAMABAd: Pakistan Telecommunication Authority (PTA) has launched its National Telecom Security Operations Center (NTSOC), a centralized platform for the management of cyber security incidents in the telecom sector The NTSOC is established under the Pakistan National Cyber security Policy 2021 and Prevention of Electronic Crimes Act (PECA 2016), with the goal of securing Pakistan s critical telecom data and infrastructure against cyber-attacks The NTSOC is the first ever sectoral Security Operations Center in Pakistan, after issuance of Cyber Security Policy It is comprised of three key components: Security Incident and Event Management (SIEM), Threat Intelligence, and Security Orchestration and Automated Response (SOAR) which have been indigenously customized to improve the country’s cyber-security ranking The NTSOC will have integration with telecom operators’ SOCs and the national Computer Emergency Response Team (CERT), ensuring quick and effective incident response Six telecom operators have been integrated with the NTSOC, with the rest to follow gradually The project includes continuous enhancements in the provided solution to keep pace with evolving cyber-security threats S ta f f r e p o rt

PSQC A opens liaison office in Gwadar

G w A d A R: T h e n e w l i a i s o n o f f i c e o f Pa k i s t a n Standards and Quality Control Authority (PSQCA) is inaugurated today 14th February, 2023 in Gwadar

Baluchistan The Director General, PSQCA Mr Zainul Abedin inaugurated the new office, he told the media that cross border trade is important for economic development and PSQCA shall open more cross border offices in future in the province This will bring in new opportunities, concessions, posts and infrastructure in Baluchistan The decision of opening liaison office in Gwadar has been taken during the 24th Board of Directors meeting of PSQCA The Director General PSQCA, Mr Zainul Abedin told the media that Mr Agha Hassan Baloch, Federal Minister for Science and Technology Govt of Pakistan believes that development of cross border trade should be the priority as it will bring economic cooperation in the region These ports can play an important role in developing trade and meeting the logistical and communication needs at the same time p r