Ministry of Finance react over media reports of rise in unemployment rate

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Ministry of Finance react over media reports of rise in unemployment rate

ISLAMABAD: Ministry of Finance react over media reports of rise in unemployment rate.

The Ministry of Finance has rejected claims about a rise in unemployment rate that experts say can be as high as eight per cent this year due to the prevailing economic conditions, reported link *The News* on Saturday.

Reports in local media had earlier this week claimed that the economic policies of the government had resulted in loss of almost one million jobs, a 24% hike in the prices of food items, and further addition of 10 million people to those falling under the poverty line.

“These claims made without any corroborating evidence about the expected loss of jobs and higher unemployment rate are not based on facts since the latest labour force survey is not published yet," the Finance Division said in a statement to the press.

"A true picture would emerge only after the latest facts and figures are available after their publication by the Pakistan Bureau of Statistics (PBS),” the statement said.

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