Business
June 4, 2021
KARACHI: Pakistan’s labour market shows signs of improvement as overall employment growth turned positive and stood at 0.9 percent in July-November FY2021, compared with a contraction of 0.3 percent in the same period last year, according to the central bank’s 2nd quarterly report released on Thursday.
The recovery in employment continued in the first half of this fiscal year, in line with the positive gains in large-scale manufacturing and the services sector.
Employment data for the manufacturing sector of Punjab and Sindh displayed continued improvement, while the SBP’s Business Confidence Survey (BCS) results also reinforced the pattern displayed by manufacturing employment data with an increasing trend for employment index in the industrial sector.