Pakistan’s Unemployment Reaches 21-year High, Trump Tariffs Threaten Further Job Losses
ISLAMABAD – Pakistan’s unemployment rate has surged to a 21-year high, and experts warn that recently implemented U.S. tariffs under President Donald Trump could exacerbate the situation, potentially leading to half a million job losses in key export sectors. A new labor survey revealed the rising unemployment, placing further strain on the South asian nation’s economy.
The confluence of a pre-existing high jobless rate and the threat of reduced exports to the U.S. – Pakistan’s significant trading partner – creates a precarious economic outlook. The tariffs jeopardize industries reliant on the American market, potentially triggering widespread layoffs and hindering economic growth. This comes at a critical time for Pakistan, which is already grappling with economic challenges.
According to the survey, the unemployment rate has climbed to its highest level in two decades. Key export sectors are now especially vulnerable to further workforce reductions as a direct result of the U.S. tariff measures. The situation poses a significant challenge to Pakistan’s economic stability and the livelihoods of its citizens.
