Economic slow down raises unemployment
Karachi—The graduates are being produced by the academia with out matching to the demand of local entrepreneurs. Dr. Miles Davis from the United States who is currently Dean at George Durell Endowed Chair in Management at Shenandoah University was a special guest at a seminar “Education, Entrepreneurship and Employment Strengthening the Linkage” organized by the Dreamworld Resort Thursday.
Dr Miles Davis said that unemployment is possibly the biggest challenge in the 21st century. According to the International Labour Organization (ILO) the world economy is estimated to have expanded by 3.1 percent in 2015. The economic weakening has caused a further increase in global unemployment.
The speakers and scholars at the Pakistan Leadership Forum (PLF) have urged upon the academia and entrepreneurs to strengthen the linkages between each other so that ever increasing unemployment in the country should be minimised. It was agreed upon the issue that we are producing an army of unemployed and the whopping gap between the employed and unemployed could be bridged with greater linkage between the entrepreneurs, manufacturers and industrialists with the academia. Another question raised at the seminar was about the curriculum we are teaching our student is not compatible to our local environment and thus producing a stuff that is quite non-productive.
In 2015, the number of unemployed reached 197.1 million people approaching one million more than in the previous year. This increase in the number of job seekers in 2015 occurred mainly in emerging and developing countries like Pakistan. The age bracket between the ages 15-24 is either uneducated or under-qualified.
There is a clear case of “skills gap” seen in this age group. The big challenge today for Pakistan is “How do we really revamp the education system to produce enough entrepreneurs to create the millions of jobs needed in an increasingly automated and computerized world.
Dean of IOBM, Dr Irfan Hyder emphasised the need for holding such seminars for creating awareness and tackle these challenges faced by Pakistan’s corporate and professional sector. He said that choice of career for a student after his or her graduation also needs to be tackled effectively.
Speaking on the occasion founder of PLF Syed Azfar Hussain presented the resolution of the seminar and also informed the audience about the future events of PLF. Earlier the logo, website and facebook page of PLF have also been unveiled on this occasion. Also the vision, mission and objectives & member statistics were shared by Anss Shaikh. The founding members of PLF include Umer Maqsood, Azfar Hussain and Anas Shaikh.