The Pakistan Bureau of Statistics (PBS) on Thursday finally published the results for the 2020 – 2021 Labour Force Survey (LFS) which estimates the unemployment rate at 6.3%. However, only a week earlier, a Twitter post by the South Asia Index stated that Pakistan with a 4.3% unemployment rate “outranks other South Asian countries with lowest un-employment rates in the region.”
As the country was embroiled by political chaos, in the background the government attempted to continue to shine light on the successes of their term in power and PM Imran Khan did not miss the chance to highlight this post by retweeting it and adding that, ‘we handled the Covid pandemic – better than all the countries in South Asia.’
So then why the difference in rates reported by this unverifiable Twitter page and the LFS data? Sure the post could be gimmicky but that’s not the only thing to consider here.
The post lists down unemployment rates of seven countries (Pakistan, Bangladesh, India, Sri Lanka, Nepal, Bhutan, and Maldives) from the South Asian region among which Pakistan ranks the lowest at 4.3%. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
As the country was embroiled by political chaos, in the background the government attempted to continue to shine light on the successes of their term in power and PM Imran Khan did not miss the chance to highlight this post by retweeting it and adding that, ‘we handled the Covid pandemic – better than all the countries in South Asia.’
Please try to raise revenue by means other than subscription ,it simply not a good idea to put such restrictions on genuine economic information which is already in short supply for the public.Its simply not good for the Economic Health of the country! !☺
Talking about South Asia means South Asia not Asia
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