Business
March 4, 2021
KARACHI: Pakistan could raise GDP by as much as 30 percent if it can close the gender gap, ADB Country Director for Pakistan Xiaohong Yang said while expressing support to women’s economic empowerment, quality opportunities for social advancement, and resilience to external shocks.
“ADB will aim to increase women’s access to financial services and raise their skills and education levels – increasing their access to higher-skilled and waged employment such as the ICT sector, and bolster social protection programs, where women are the primary beneficiaries,” Yang said in a question-and-answer roundup.
“ADB will prioritise interventions to cut women’s time poverty and drudgery by improving their access to modern technology, particularly in the agriculture sector, connecting them to affordable and reliable energy, and contributing convenient water supply and sanitation solutions.”
Closing gender gap to boost Pakistan s GDP by 30pc: ADB
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Closing gender gap to boost Pakistan s GDP by 30pc: ADB
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Q&A: Boosting Growth, Resilience, and Competitiveness in Pakistan with ADB Country Director for Pakistan Xiaohong Yang
adb.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adb.org Daily Mail and Mail on Sunday newspapers.
New Asian Development Bank 5-Year Partnership Strategy to Lift Pakistan’s Growth, Resilience, and Competitiveness
Manila, January 27, 2021 (PPI-OT): The Asian Development Bank (ADB) has endorsed a new 5-year country partnership strategy (CPS) to help restore economic stability and growth in Pakistan, enhance people’s well-being, create jobs, and expand economic opportunities as the country works to overcome the coronavirus disease (COVID-19) pandemic.
The pandemic has interrupted the macroeconomic recovery in Pakistan, resulting in a sharp contraction in growth, a rise in public expenditures, and a loosening of monetary policy to mitigate the health and economic impacts.
“As with many countries in the region, COVID-19 has affected Pakistan, revealing the extent to which the population is exposed to economic and social vulnerabilities,” said ADB Director General for Central and West Asia Eugene Zhukov. “The new CPS 2021-2025 will build greater resilience of the population