The World Bank president, Ajay Banga, has stressed the urgent need for job creation in Pakistan. He said the country must create 30 million jobs over the next ten years. This means generating about 2.5 to 3 million new jobs every year.
Ajay Banga shared these views in an interview with an international news agency. He warned that failing to employ Pakistan’s young population could have serious consequences. According to the World Bank president, rising unemployment may lead to instability, social pressure, and increased migration.
He said Pakistan has a large and growing youth population. If jobs are not created, many young people may seek work abroad. This could weaken the country’s economic future and increase pressure on social systems.
The World Bank president also confirmed that the World Bank would continue its strong partnership with Pakistan. He said the institution plans to provide around $4 billion every year. This support aims to help Pakistan improve its economy and address key development challenges.
Ajay Banga explained that most jobs come from the private sector. He said around 90 percent of employment is created by private businesses. He also highlighted agriculture as a major source of jobs. He noted that agriculture alone could provide nearly one-third of total employment in the country.
He described Pakistan’s power sector as its biggest economic challenge. According to him, urgent reforms are needed to improve efficiency. He pointed out that electricity losses are hurting the economy. These losses also discourage local and foreign investment.
The World Bank president acknowledged the growing use of solar energy in Pakistan. He said solar power can help reduce costs. However, he added that the system needs upgrades to support renewable energy effectively.
He identified several sectors with strong job potential. These include health, infrastructure, tourism, and agriculture. He said targeted investment in these areas could create millions of jobs.
Ajay Banga also stressed the importance of environmental protection. He said development projects must include climate and environmental safeguards. He warned that ignoring environmental issues could cause long-term damage.
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His remarks highlight the scale of Pakistan’s employment challenge. They also underline the need for reforms, investment, and long-term planning to secure economic stability.
