Goals
8
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
SDG Goal 8, "Decent Work and Economic Growth," aims to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all. This goal highlights the importance of creating quality jobs, ensuring safe and secure working environments, and fostering innovation and entrepreneurship. By focusing on increasing economic productivity, reducing informal employment, and ensuring fair wages and social protection, Goal 8 seeks to improve living standards and economic opportunities globally. Ultimately, it aims to drive sustainable development, reduce poverty, and enhance the economic resilience of communities and nations.
Statistics of Pakistan
Unemployment Rate
As of recent estimates, Pakistan's unemployment rate stands at around 4.65%. Youth unemployment is notably higher, reflecting challenges in providing sufficient job opportunities for the young population.
Labor Force Participation Rate
The labor force participation rate in Pakistan is approximately 53.9%, with a significant gender disparity. Male participation is around 81.1%, while female participation is much lower at about 23.5%.
GDP Growth Rate
Pakistan's GDP growth rate has fluctuated in recent years. For the fiscal year 2022-2023, the GDP growth rate was projected to be around 3.5%, showing a moderate recovery from the economic impacts of the COVID-19 pandemic.
Informal Employment
A substantial portion of Pakistan's workforce is engaged in the informal sector, accounting for about 72% of total employment. Informal employment often lacks job security, social protection, and fair wages.
Poverty Rate
As of recent data, approximately 24.3% of Pakistan's population lives below the national poverty line. Economic growth and job creation are critical to reducing this figure and improving living standards.
Minimum Wage
The minimum wage in Pakistan varies by province but is generally around PKR 25,000 (approximately USD 140) per month. Ensuring enforcement and adjustment of minimum wage laws is essential for decent work standards.
Youth Not in Employment, Education, or Training (NEET)
A significant challenge for Pakistan is the high percentage of youth (ages 15-24) not engaged in employment, education, or training, which stands at around 30%.
Final Year Projects
Intellitrader
Dr. Erum Abbasi
Interactive Presentation Maker
Laiba Mughal
Enigma AI-Interviewer
Enigma AI-Interviewer
Product Scout
Laiba Mughal
Tech Rental Hub
Farhat Hussain
Fabric Inspection using ML
Dr. M. Ghazanfar Ullah
Self-Service Fuel Station
Engr. Shaheer Ahmed
Ceramic Tile Quality Inspection System
Dr. Abdul Qadir/ Syeda Aimen Naseem
Web Based Brochure Making Website (UITUS) Using SAAS
Sitwat Ashraf