Chart 2 Improvement in Labor Market Conditions 60  50  Introduction of QQE million % (April 2013) Number of regular employees Before QQE After QQE Number of full-time employees Regular employees Number of part-time employees +0.6% (annualized) +2.0% Unemployment rate (right scale) Youth unemployment rate (age 15-24 years, right scale) Full-time employees -0.1% (annualized)  40  +1.6%  18 16 14 12 10  30 8 20  6 4  10  Part-time employees +2.3% (annualized)  +3.1%  CY  0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  0  2  Sources: Ministry of Health, Labour and Welfare; Ministry of Internal Affairs and Communications.
This success could not have been possible without the leading role of the central bank in setting the direction of the industry and providing unusual support for its promotion and development. Promoting Islamic finance as a viable and competitive component of the financial system through an enabling legal, regulatory and supervisory environment has remained an important component of SBP’s strategic goals.