Karachi, Brig. (retd) Aslam Khan, Chairman of Pakistan Economy Watch (PEW), expressed concern over Pakistan’s failure to capitalize on its significant youth population, pointing out that this demographic could greatly benefit the country’s economy if properly harnessed.

According to Pakistan Economy Watch, Brig. Khan highlighted the demographic situation in Pakistan, where 38% of the population is under 15 years old, and 58% falls within the working age group of 15 to 64. Despite having a substantial portion of its population in the prime working years, Pakistan has not been able to leverage this advantage, resulting in high unemployment rates and associated social problems.

Khan noted that other nations have successfully utilized their demographic dividend by expanding their labor pools, enhancing savings rates, and developing a well-educated and skilled workforce. Pakistan, with its largely young population, is fundamentally positioned to benefit from such a demographic advantage.

The PEW Chairman pointed out the risks associated with a large segment of the population remaining untrained and jobless. This situation can lead to increased instances of depression, criminal activities, and illegal attempts to cross borders, posing significant threats to the nation’s stability and progress.

Khan emphasized that Pakistan has missed opportunities over the decades to utilize this “window of opportunity” effectively. However, he believes it is not too late to change course. By investing in the youth, focusing on education and job creation, Pakistan can mitigate the risks associated with its current demographic challenges and turn its youth bulge into an economic advantage.

This call to action underlines the urgent need for policy and investment directed towards empowering Pakistan’s young population, fostering economic growth, and addressing social issues.