The labour force growth indicates that approximately 2 million new jobs would be demanded during the fiscal year 2012-13.
As prevailing employment elasticity is 0.5, approximately 7 percent GDP growth would be required to absorb the growing labour force and to maintain the unemployment level of 2011-12, official document revealed.
The federal government has initiated a number of programmes to increase the employment through an effective human resource development, according to the document.
These programs include National Internship Program, President's Rozgar Program; Credit for Self Employment by National Bank of Pakistan (NBP), Enhancement of Residential Facilities by Construction of One Million Housing Units, Doubling of Lady Health Workers to cover Kachi Abadis, Raising of Minimum Wage from Rs. 6,000 to Rs 7,000 and Pension of workers, Establishment of National Vocational Technical Training Commission (NAVTTC), Benazir Income Support Program (BISP) and Restoration of Trade Unions.
The government together with Employers' and Workers' representatives with technical support of ILO is implementing a "Decent Work Country Program (DWCP)" in all provinces.
The main objectives of the programs include promoting decent employment in which international labour standards and workers' fundamental rights go hand in hand with job creation.
The program is also aimed to place employment at the center of economic and social policies at the global, regional and national level, improve the lives of millions of people who are either unemployed or whose remuneration from work is inadequate, and provide them opportunity and their families to escape poverty through the creation of productive employment.
Improve earnings, productivity and living standards of working women and men, especially of the working poor; and ensure that the benefits of economic growth reaches those sectors where poverty is most concentrated, urban informal economy and the rural areas, especially landless labour and small tenant farmers.
It is pertinent to mention here that an amount of Rs 2,880 million has been allocated to fund 10 proposed projects of Ministry of Professional and Technical Training for PSDP 2012-13 including Rs 300 million allocated to National Vocational &Technical Training Commission (NAVTTC) to fund 134 development projects including 90 ongoing programs at estimated cost of Rs 3,993 million costs.