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Page 7 - தேசிய மனிதன் வளர்ச்சி அறிக்கை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

پاکستانی اشرافیہ ساڑھے 26کھرب اپنی مراعات پر خرچ کرتی ہے، عالمی ادارہ

پاکستانی اشرافیہ ساڑھے 26کھرب اپنی مراعات پر خرچ کرتی ہے، عالمی ادارہ
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Elite privilege consumes $17 4bn of Pakistan s economy: UNDP | Business and Economy News

Islamabad, Pakistan – Economic privileges accorded to Pakistan’s elite groups, including the corporate sector, feudal landlords, the political class and the country’s powerful military, add up to an estimated $17.4bn, or roughly 6 percent of the country’s economy, a new United Nations report has found. Released last week, the UN Development Programme’s (UNDP) National Human Development Report (NHDR) for Pakistan focuses on issues of inequality in the South Asian country of 220 million people. The report uses the prism of “Power, People and Policy” to examine the stark income and economic opportunity disparities in the developing country. “Powerful groups use their privilege to capture more than their fair share, people perpetuate structural discrimination through prejudice against others based on social characteristics, and policies are often unsuccessful at addressing the resulting inequity, or may even contribute to it,” says the report.

A widening gap

A widening gap April 8, 2021 Pakistan’s placement on any international index of human development has not been envious for quite some time now. The latest National Human Development Report (NHDR) of the UNDP for 2020 has reconfirmed what the common people of this country have been facing and feeling for the past many years. The difference between the richest and the poorest has been increasing rapidly, showcasing enormous inequalities in income levels. The author of the report, Dr Hafiz Pasha, presents his case that in Pakistan two different sets of people live: the richest and the poorest. The richest have a multitude of opportunities that help them in pursuit of best education and health facilities. This enables them to enjoy high-quality lifestyles and their generations after generations keep accumulating wealth. The poorest on the other extreme eke out their living from a bare minimum of resources, if at all.

$1 trillion from developing countries land into tax havens annually: PM

Top Story April 7, 2021 ISLAMABAD: Citing the FACTI report, Prime Minister Imran Khan on Tuesday said that annually $1 trillion from developing countries land into the tax havens, or into properties and richer countries, being the one reason behind huge inequality in the world. The prime minister said he would personally talk to the IMF head against the backdrop of the coronavirus third wave as the government would be coming up with a second relief package. Speaking on the UNDP’s Pakistan National Human Development Report here, he continued that $7 trillion of these poor countries’ money were laundered and parked in unsafe tax havens, and this is the reason behind huge inequality in this world. So, he said, the poor countries were not only deprived of employment which this money could provide. When so many dollars leave the poor countries, the currency gets affected.

$1tr lands into tax havens annually: PM

Top Story April 7, 2021 ISLAMABAD: Citing the FACTI report, Prime Minister Imran Khan on Tuesday said that annually $1 trillion from developing countries land into the tax havens, or into properties and richer countries, being the one reason behind huge inequality in the world. The prime minister said he would personally talk to the IMF head against the backdrop of the coronavirus third wave as the government would be coming up with a second relief package. Speaking on the UNDP’s Pakistan National Human Development Report here, he continued that $7 trillion of these poor countries’ money were laundered and parked in unsafe tax havens, and this is the reason behind huge inequality in this world. So, he said, the poor countries were not only deprived of employment which this money could provide. When so many dollars leave the poor countries, the currency gets affected.

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