One of the main goals of the
nation's future vision is to lower the unemployment rate and create more job
opportunities. The aim is also to generate jobs in the private sector. What
people are afraid of now is that many citizens might lose their jobs in the
private sector. Many companies revealed their intentions to lay off employees,
especially contracting companies that have projects linked with the government
and many have already started layoffs.
Because of the new budget and
economic conditions things are getting more questionable for many of the
citizens, and specially for expats. Many expats already quit their jobs and
left for their home countries after final exit. On the other hand stock market
has also slowed down, people are spending less, with un-explainable dents on
their savings.
With Sales and Offers on
almost all of the stores & malls, people only seem to be doing window
shopping. Also followed by Eid-ul-Azha, these malls, stores & souqs didn’t
hit expected sales as it used to be in earlier years. There is an urgent need
to spread the word of comfort in the private sector. We need quick steps to
rehabilitate the private sector to facilitate employment opportunities for the
citizens.