IN Pakistan, the economic landscape is increasingly characterized by stark disparities, with countless families struggling to make ends meet amid soaring inflation and rising living costs. Many households navigate the challenges of financial insecurity as they attempt to provide for their loved ones on modest incomes while facing the unpredictability of irregular employment.
This daily reality reflects a broader societal issue, underscoring the urgent need for systemic change. As many families fight for survival, the contrast with the affluent elite—who continue to prosper—illuminates the pressing inequalities within the nation and the necessity for equitable opportunities that can uplift all segments of society.
Life for these families is incredibly challenging. They often rent small houses with just one room and an attached bathroom for around Rs 8,000 per month. Despite relying on a fan for cooling, their electricity bill frequently reaches Rs 7,000. When they inquire with their landlord about the exorbitant bill, he threatens eviction if they cannot pay. To make matters worse, they are burdened with loans, further complicating their already dire situation.
While families are fighting to survive, Pakistan’s middle class is also under pressure. Many middle class families are finding it harder to maintain their standard of living. They have to manage higher utility bills, afford expensive education for their children, and maintain appearances, all while their incomes stay the same or even decrease. This creates stress as they try to balance daily expenses with their financial responsibilities.
At the same time, the rich seem to be doing even better, despite the tough economic conditions. This is visible in the increasing number of luxury cars and big vehicles on the road. The growing gap between the wealthy and the rest of the population highlights the unequal distribution of wealth in Pakistan. While the middle and lower classes are struggling, the rich thrive through multiple income sources like business, properties and investment. Making money is essential for personal stability and the country’s economic growth. However, the key is to create equal opportunities for everyone, not just the wealthy. If people were trained and provided with skills to earn a fair income, more individuals could contribute to the economy while improving their own lives.
One area where Pakistan is struggling is in education. Universities are often expensive but tend to prepare students for jobs, rather than teaching them how to start their own businesses. As a result, many graduates face difficulties finding employment despite having degrees. If more focus was placed on practical business skills and entrepreneurship, students would have the tools to create their own opportunities and help improve the economy. Rwanda provides an excellent example of this. The country has empowered its youth through entrepreneurship, investing in programs like YouthKonnect, which offers business training and support. This focus on startups and small businesses has greatly helped Rwanda’s economy to grow and recover.
Pakistan could follow a similar path. The government could partner with universities to introduce business and entrepreneurship programs. They could also offer funding, loans or grants to students to help them start small businesses while still studying in their institutions. Creating platforms for young entrepreneurs to connect with investors could further boost innovation and growth. By investing in education that fosters innovation and self-reliance, Pakistan can create a future where people don’t just rely on jobs but build opportunities for themselves. Empowering individuals with the right tools will not only transform lives but also strengthen the economy, making it more resilient for everyone.
—The writer is contributing columnist.
