National
December 15, 2020
ISLAMABAD: Former finance minister Dr Hafeez A Pasha has said Pakistan has no option but to go back to the International Monetary Fund (IMF) programme.
He was speaking at a plenary of 4-day 23rd Sustainable Development Conference (SDC) panel titled “Economic Growth, Social Protection, and the IMF Programme amid COVID-19”. He said Pakistan did not have a big number of COVID-19 cases compared with other developed and developing nations, but still it had seen significant reduction in the GDP growth.
Our independent estimate is that growth fell by -2.5% during fiscal year 2019-20 and will only remain 1% during the ongoing fiscal year. This is the largest decline since early 2000s. Almost 70% of the displaced workers are from the informal sector, which will bring implications for welfare, he added.
National
December 15, 2020
ISLAMABAD: Former finance minister Dr Hafeez A Pasha has said Pakistan has no option but to go back to the International Monetary Fund (IMF) programme.
He was speaking at a plenary of 4-day 23rd Sustainable Development Conference (SDC) panel titled “Economic Growth, Social Protection, and the IMF Programme amid COVID-19”. He said Pakistan did not have a big number of COVID-19 cases compared with other developed and developing nations, but still it had seen significant reduction in the GDP growth.
Our independent estimate is that growth fell by -2.5% during fiscal year 2019-20 and will only remain 1% during the ongoing fiscal year. This is the largest decline since early 2000s. Almost 70% of the displaced workers are from the informal sector, which will bring implications for welfare, he added.
Experts see rising digitisation in age of Covid
Conference on ‘Sustainable Development in the Times of Covid-19’ discusses various aspects of pandemic impact
A digitised SME attracts the best available talent and digitisation also helps in retention of that talent. photo: file
ISLAMABAD:
Speakers and experts in diverse fields discuss different aspects of Covid-19 impact on Pakistan and its people, at the inaugural plenary of 4-day 23rd Sustainable Development Conference (SDC), highlighting that the silver lining in this grim scenario is the acceleration of digital transformation in all sectors of life.
The conference, titled ‘Sustainable Development in the Times of Covid-19’, was organised by the Sustainable Development Policy Institute (SDPI) in Islamabad on Monday. The event also included a penal discussion on social protection and a concurrent session on media’s role.