Since 2018, one out of every six Pakistanis has been without a job, and each year 3.6 million young people join the labour market, according to the World Bank.
Economic stability by itself will not generate the employment Pakistan requires.
The lender argues that the nation must speed up structural reforms and boost private-sector investment to broaden job opportunities.
Pakistan must cope with millions of new job seekers annually while existing workers face falling incomes and higher living costs.
The World Bank has highlighted the necessity of making the private sector a stronger engine of job creation, noting that businesses need an environment that permits investment, expansion and hiring.
Faster structural reforms are needed for Pakistan to attain an annual economic growth rate of 6 percent.
The institution called for reforms that foster private-sector-led growth and expand employment across the economy.
