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Elite privilege consuming $17.4bn of Pakistan's economy: UNDP


Damning report highlights the economic and deep-rooted inequalities in the country
The report examines the stark disparities of income and economic opportunities in the country. PHOTO: FILE
ISLAMABAD:
Economic privileges accorded to the powerful elite in Pakistan add up to an estimated $17.4 billion or six per cent of the economy, according to a report by the United Nations.
These include the corporate sector, feudal landlords, the political class and the military, according to the UN Development Programme’s (UNDP) National Human Development Report (NHDR) released last week,
Al Jazeerareported.
The report, based on the prism of “Power, People and Policy”, highlights the issues related to inequality and examines the stark disparities of income and economic opportunities in the country.

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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.

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ISLAMABAD: The unprecedented nature of Covid-19 pandemic and Pakistan’s historic weaknesses in the health sector require a strategic reorganisation of healthcare delivery consistent with community needs and elevation of preventive and promotive healthcare strategies, says a new report released jointly by UN Development Programme and the human rights ministry on Wednesday.
Suggesting measures that are needed to mitigate the effects of the current pandemic, and ensuring that Pakistan is better prepared and more resilient in the face of any future disasters and disease outbreaks, the report, ‘Covid-19 and Disaster Vulnerability in Pakistan’ says Covid-19 should serve as a sharp wake-up call to have an improved healthcare system with the highest hygiene and sanitisation standards in places of high human interaction, specifically in hospitals.

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