LAHORE: Former State Bank of Pakistan governor Dr Ishrat Hussain on Wednesday spoke about economic and political disparities among countries as a result of pandemic.

Dr Hussain, who served as adviser to the prime minister on institutional reforms and austerity, spoke as the chief guest at the launch of book “Covid-19 Crisis & Asian Migration” edited by Dr Nasra M. Shah, at the Lahore School of Economics, Burki Campus.

Dr Azam Amjad Chaudhry, HoD and Dean of Faculty of Economics, opened the proceedings of the launch. Dr Hussain highlighted the population dynamics of Pakistan and advanced economies, and the employment opportunities that may arise from these. He elaborated that Japan and Europe were facing a decline in population growth which will materialise into shortage of labour.

Pakistan that has a growing population and labour force can make up for the shortage in these economies but the ability to exploit that opportunity rests on being able to identify the relevant sectors and building the required skill sets. He raised important questions for future policy and research.

As for Saudi Arabia, host to the largest Pakistani migrant workers, he drew attention to the implications of liberalisation happening in the country on the outflows of migrants from Pakistan and the living conditions of all migrant workers in general.

He also touched upon the issue of stigmatisation of migrant workers in the host countries and xenophobia. On the subject of remittances, he pointed out that while the macroeconomic linkages and importance has been well established, there is need to evaluate the consumption patterns of these remittances by households.

Dr Nasra Shah, Coordinator CIMRAD and Professor at Graduate Institute of Development Studies (GIDS), presented an overview of the book.

Published in Dawn, December 9th, 2021


A velvet glove

A velvet glove

The general didn’t have an easy task when he took over, but in retrospect, he managed it rather well.


Updated 24 May, 2022

Marching in May

MORE unrest. That is the forecast for the weeks ahead as the PTI formally proceeds with its planned march on...
24 May, 2022

Policy rate hike

THE State Bank has raised its policy rate by 150bps to 13.75pc, hoping that its latest monetary-tightening action...
24 May, 2022

Questionable campaign

OVER the past couple of days, a number of cases have been registered in different parts of the country against...
23 May, 2022

Defection rulings

By setting aside the existing law to prescribe their own solutions, the institutions haven't really solved the crisis at hand.
23 May, 2022

Spirit of the law

WOMEN’S right to inheritance is often galling for their male relatives in our patriarchal society. However, with...
23 May, 2022

Blaming others

BLAMING the nebulous ‘foreign hand’ for creating trouble within our borders is an age-old method used by the...