Path to prosperity

Published
0

THE UNDP’s 2024 Regional Human Development Report for Asia-Pacific offers a detailed review of human development across the region, acknowledging the significant economic growth and reduction in poverty. Despite these advances, it underscores a stark imbalance in the distribution of benefits, with persistent income and wealth disparities, gender biases, and extensive informal sectors. It also highlights the region’s environmental predicaments, notably its substantial global carbon emissions and decline in biodiversity. Pakistan is spotlighted for its innovative approaches to development challenges, as evidenced by the implementation of UNDP’s Social Innovation Platforms in GB and Karachi. The report recalls last year’s floods, triggered by rapid glacial melt and monsoon rains, and lauds Pakistan’s disaster response, particularly the successful use of UNDP-supported flood mitigation infrastructure in the affected provinces. In terms of technological progress, the integration of fintech and agri-tech in Pakistan’s agricultural sector, with the potential to increase production, enhance the livelihoods of small farmers, and drive economic growth. It recognises Pakistan’s legislative efforts to protect migrant domestic workers, illustrating its dedication to equitable labour conditions and contemplates the potential of export-led growth to alleviate economic crises and manage large debt burdens, which could be pivotal for Pakistan’s economy. Further, the adoption of action plans for human rights and business marks a conscientious effort to align business practices with international human rights standards.

Yet, the report presents a troubling rise in perceived human insecurity in Pakistan between 2010-2016 and 2017-2020. This suggests a pressing need to tackle socioeconomic vulnerabilities. A comparative analysis of historical GDP per capita provides insight into our economic history and future prospects. The report starkly contrasts gender disparities in the workforce, particularly noting a 25pc female labour participation compared to countries like Vietnam with 69pc participation, indicating a significant area for improvement. The discussion of Pakistan’s acute debt stress underscores the need for effective fiscal management and strategic planning to navigate this challenge. It concludes by emphasising the imperative for Pakistan to develop a strategy centred on innovation, resilience, gender equality, and sustainable development. As Pakistan charts its course towards human development, the report suggests that the keys to success will be effective leadership, collaborative efforts, and sound governance to forge a prosperous future for all its citizens.

Published in Dawn, November 13th, 2023

Opinion

Editorial

Muddled hierarchy
15 Nov, 2026

Muddled hierarchy

THE Federal Constitutional Court marked its first anniversary on Friday with a commemorative stamp. Speaking on the...
Growing crisis
15 Nov, 2026

Growing crisis

AN emergency can be judged by the speed with which it draws an effective response. The National Population Council’s...
Organised rackets
15 Nov, 2026

Organised rackets

ON the International Day against Transnational Organised Crime, observed today, Pakistan finds itself in a tight...
Referendum talk
Updated 14 Nov, 2026

Referendum talk

Unless the PPP is deliberately using Sindh as a bargaining chip, it should issue a clarification with a clear, consistent position on new administrative units, not one tailored to protect its home turf.
Mineral wealth
Updated 14 Nov, 2026

Mineral wealth

Minerals should not be presented as a solution to Pakistan’s long-term economic difficulties. The aim should be to build an industrial base rather than export raw materials.
Late diagnosis
14 Nov, 2026

Late diagnosis

AS we mark World Diabetes Day today, Pakistan faces a troubling question: how many people are living with diabetes...