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High Paying Jobs In Pakistan
High Paying Jobs In Pakistan 2022 -23
High-Paying Jobs In Pakistan
India’s booming business, high growth, competition, and High Paying Jobs In Pakistan wages make India a threat to Pakistan to many investors. Pakistan needs to add more high-paying jobs in Pakistan and at the same time ensure that economic growth does not become unsustainable. Higher growth makes Pakistan better prepared for competition and better prepared to reap economic benefits. Pakistan must look at economic development and growth.
On the other hand, Pakistan can take some lessons from the Indian success story. Even though India was poor, India took quick decisions and started developing industries, and ensuring that economic growth was efficient and coherent. The benefits of faster economic growth are seen by India and Pakistan alike and as a result India’s high growth has helped Pakistan economically.
Economic Growth Is A Boon For Pakistan
Unlike India, Pakistan has had many economic and political challenges and does not have the luxury of time. In economic terms, Pakistan needs economic growth, an easy entry point for the new investors and more employment opportunities for young people. Economic growth creates new jobs and gives younger people much more incentive to move to Pakistan. When new jobs and more economic growth are there it gives Pakistan’s economy a high chance to flourish.
But we must acknowledge that when economic growth is promoted and policies are in place to help it flourish, this creates more competition and gives Pakistan an opportunity to pay lower wages to Pakistanis, which is bad. Pakistan must protect its young population.
Diverse Economic Growth: Pakistan Can Do It
India, Pakistan’s competing economic superpower, has taken many actions to encourage economic growth for its people. India has a vast number of industrial and industrial clusters throughout the country.
Pakistan has already started building industrial clusters. The new Islamabad airport is already offering tax incentives to foreign investors. Some of Pakistan’s most prominent industrial companies are taking advantage of tax incentives. These companies are building massive new factories which give Pakistan much economic growth.
For Pakistan to create and maintain its industrial clusters and encourage economic growth in Pakistan, the government needs to offer incentives. Some of these incentives are lower prices for land and building and, in some cases, lower production and wages. For example, Pakistan can offer competitive prices and lower wages to high-paid workers, and in other cases offer lower wages and lower land costs.
One of Pakistan’s largest industries in Pakistan is iron and steel. Pakistan can look at diversifying and establishing iron and steel industries in different regions of Pakistan. This will create many more jobs and bring more business and economic growth. Pakistan’s lower wages, lower land costs and the incentives to businesses to bring high-paying jobs to Pakistan means that we can pay lower wages for young Pakistanis and not lose the young
Concluding the discussion, Hallie Wilson noted: “The problem with Pakistani jobs isn’t high pay. The problem is low pay. Paying people a high rate of pay for their labor is the fastest way to improve their lives and it works – in South Korea and in Germany.”
Q&A
John Inwood: Please give us an overview of the job market in Pakistan and how it compares to the rest of the world.
Sanyal Zafar: The labor market in Pakistan is very diverse. It is divided into two segments: formal and informal. The formal segment consists of the skilled labor force that works for major Pakistani multinationals that have direct corporate responsibility. The other segment consists of small-to-medium-sized businesses and informal-to-small-to-medium-sized businesses. Most informal employers, such as the handicraft entrepreneurs, are paid less than a dollar per day.
“If you are earning less than $3 per day, then it does not matter to you that the official poverty rate is that high,” Wilson said. “You are not much affected.”
Top Paying Jobs In Pakistan Are Paying Only Low Wages
At the top, paying workers higher wages is a top priority, not a low priority. Wilson said: “A lot of people are pointing to high wages paid for unskilled work, for low paid work, for agricultural work. Paying people fairly for high paid work is a priority.”
Wilson explained that the high paying jobs are paying very little for workers. Paying people less than $2 per day is not a priority. However, Wilson says, such low paying jobs are paying wages that are closer to paying workers more than they are paid.
Those high paying jobs, Wilson explained, are paying only less than paying less. The middle-class families are still losing out to poorer Pakistanis.
“Those high paying jobs are paying only less than paying less,” Wilson said.
The informal jobs sector is growing at a rapid rate. Currently, about 4.5 million people work in this sector. They are mostly involved in low-paying jobs. A large number of jobs that the informal sector provides are paid by households. These jobs are not paid by the company. However, many of the enterprises that are incorporated are paying high rates of pay.
The most recent research shows that there is a huge shortage of high-paying jobs for skilled labor in Pakistan. There are 500,000 high-paying jobs in Pakistan that pay more than $10 per hour. But the large majority of the people who are in the informal sector are paid less than $1 per hour.
UNDP: Paying High Wages Is Not the Answer
During the Q&A session, Wilson noted: “What I think is interesting is the use of the phrase ‘high paying jobs’ to describe jobs that pay a lot of money. What happens in Pakistan is that there are many high-paying jobs that are paying very little wages, but they are very important jobs. Those high-paying jobs are paid by wealthy, high-net-worth individuals, by people who are buying goods and services. These are not jobs that are paid by ordinary people. They are paying by people with resources. They are high-paying jobs. But they are not paying very much for workers.”
As Wilson points out, the majority of jobs in Pakistan are paid by low-income households. Many jobs are paid by Pakistani families earning as little as $3 per day. Such jobs are vital. They contribute to the livelihood of millions of people.
High Paying Jobs In Pakistan Are Paying Only Less Than Paying Less
“That is a very interesting distinction because if a worker in the informal sector is earning only $2 per day, then it is not much of a benefit to the worker to have a higher paying in Pakistan jobs,” Wilson continued. “If it pays only $1 per hour, then a high paying job is not going to do a lot for a person in the informal sector. In Pakistan, wages in many informal jobs are paid for services. There are services where the worker is not paid a high rate of pay. They are paid by households and in the service industry.
“We would all prefer to see wages go up. But if wages go up by a few cents per hour, then the middle-class families are going to lose out. If wages go up by a few cents per hour in the informal sector, then Pakistanis who have very low wages will be worse off. So this is the issue. The way to improve wages in Pakistan is to have a more robust employment-related system, that is one of the options.”
- Explore Raw Sources
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For more information on international development, visit the Paying Attention to Poverty Programme page on the Web.
Author’s Note: Pakistan is a nation with strong political instability, terrorism, political unrest, weak economic growth, high poverty rates, and high unemployment. Despite these issues, Pakistan has done relatively well economically.
The official poverty rate in Pakistan was 37.9% in 2012. According to UNDP, the country is expected to maintain this poverty rate through 2015. However, because the official poverty rate counts the income of the poorest 40% only, that means that many Pakistanis who earn less than $1 per day are not included in the official poverty rate. However, the latest poverty estimates for Pakistan released by the United Nations last fall show that Pakistan’s poverty rate is substantially higher than the official estimate. The 2012 poverty rate is estimated at 46.5% and it is expected to decrease to 43.7% in 2015.
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