Looking at global GDP at constant prices of 2017 adjusted for cost of living/purchasing power, China was the biggest economy in the world in 2019 with an adjusted GDP of more than USD 22.5 trillion according to World Bank. While …
Read More »Time for human capital renovation during COVID-19
Economic growth and development depends on human capital as well as physical capital and also on the factors affecting productivity. Investments in these areas complement and reinforce each other. To be productive, a workforce needs physical capital, such as infrastructure, …
Read More »COVID- 19 pandemic ushers new wave of digitalization (Facts & Figures)
Pakistani Workers Registered For Overseas Employment Countries 2015 2016 2017 2018 2019 Saudi Arabia. 522,750 462,598 143,363 100,910 332,713 U.A.E. 326,986 295,647 275,436 208,635 211,216 Oman. 47,788 45,085 42,362 27,202 28,391 Qatar. 12,741 9,706 11,592 20,993 19,327 Bahrain. 9,029 8,226 …
Read More »Improved education and health tie up human capital growth
The significance of human capital in the development and expansion of economy could not be emphasized further. Its status could be gauged in any economy by education and health indicators as their main parameters. Productivity could be boosted if healthy …
Read More »Is GDP still a good measure of standard of living?
Government expenditure is a critical factor in the calculation of Gross Domestic Product (GDP) of any country. Hence, it is important to note how the upcoming budget for Pakistan will have an impact on the well-being of the overall society. …
Read More »Mobile phone imports dip in first 8 months of fiscal year
Pakistan has become the large mobile phone users as through this industry the human capital is very high and also the job market is rich as against to the main ranked developing states according to researchers. The country has also …
Read More »Manpower export and future prospects of remittances from GCC countries
Human capital is acquiring a more significant role in economic development. In a fiercely competitive international market, industrially advanced countries import cheap, skilled and highly educated professionals to reduce costs and enhance productivity. Labor-importing countries save money on the high cost of skills training and …
Read More »Worth of Pakistan’s human capital and the requirement
Pakistan ranks 164th in the world in terms of its investment in education and health care as the measurement of its commitment to economic growth, according to the first-ever scientific study ranking countries for their levels of human capital. Pakistan …
Read More »Developing human capital: solution to the economic woes of Pakistan
Prime Minister Imran Khan while speaking at the launching ceremony of the ‘Pakistan Banao Certificate’ talked about the poor state of the economy and urged the eight million overseas Pakistanis to help strengthen the economy of Pakistan through their contribution. …
Read More »Investment in human capital long-term growth path for Pakistan
Human capital development inevitable for manpower export and remittances With the contribution of human capital in total wealth growing globally, the creation of a skilled labor force that is more productive and better able to adopt and adapt to new …
Read More »Time to make road map to take lead in human development
Pakistan is yet to make significant attainments in the human development index (HDI), which focuses on measurable dimensions of human development such as living a long and healthy life, being educated and having a decent standard of living. Thus, HDI …
Read More »Investment in education and health necessary for human capital development
With the contribution of human capital in total wealth growing globally, the creation of a skilled labor force that is more productive and better able to adopt and adapt to new technologies is at the core of a long-term growth …
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