|1 The key economic and business environment|
|2 The status of HRM in Pakistan|
|3 The national factors unique to the understanding of HRM in Pakistan.|
The chapter will conclude by drawing out implications for further research and discussing the possible future of HRM in Pakistan.
Pakistan is the seventh most populous country of the world, with a total population of 138 million (World Bank, 2000). At 2.18 percent, it has one of the world’s highest population growth rates, such that in the next two decades its population is expected to surpass 260 million. The total employed labor force is estimated at 38.18 million, which is only 27.66 percent of the total population. In effect, 41 percent of the total population is under the age of 14 years (CIA, 2000). Due to slow economic growth for the past two years, 2.36 million people are unemployed (Government of Pakistan, 1999).
The economy is agrarian in nature as 46 percent of the labor force is employed in the agricultural sector. The contribution of the agricultural sector to gross