World Bank President Ajay Banga highlighted that Pakistan faces a generational challenge, needing to create 30 million jobs over the next ten years. Millions of young people entering the workforce annually make rapid employment generation crucial to prevent outward migration and domestic instability.
According to Banga, the World Bank’s 10-year Country Partnership Framework will provide around $4 billion per year in public and private financing, focusing on labor-intensive sectors like agriculture, tourism, infrastructure, and small-scale industries. Private sector participation remains critical, as 90% of jobs in Pakistan are generated outside government.
Banga also stressed that energy reforms, climate-resilient infrastructure, and better access to financing for entrepreneurs are essential to sustain economic growth. Rapid rooftop solar adoption and electricity distribution improvements are key to supporting businesses and employment across the country.
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