Institutions, politicians should sober up, unite & deliver: President

ISLAMABAD: President Dr Arif Alvi on Monday said inadequate investment in human capital was an important issue that needed to be addressed by the institutional and political leadership.

He declared that “institutional and political leadership owes it to the nation to sober up, unite, and deliver.” The country’s real problems had, in the president’s opinion, fallen to the wayside due to the current circumstances. He claimed that despite the current hysteria, “these are the real issues of my country, but they have taken a remote back seat.” He emphasized the need for politicians and institutions to work together and accomplish goals. Additionally, President Alvi shared an article from a national daily that was based on information from the Pakistan Human Capital Review and the World Bank.

According to a recent World Bank report, Pakistan’s goal of becoming an upper-middle-income nation by 2047 won’t be fully realized due to low human capital investments. The Human Capital Index (HCI) value for Pakistan is 0.41, which is low both in absolute terms and in comparison to other countries in South Asia; Bangladesh’s HCI is 0.46, and Nepal’s HCI is 0.49. According to the Pakistan Human Capital Review, if Pakistan keeps up its current rate of human capital development, its GDP per capita will only increase overall by 18% through 2047, the year of its 100th founding.