 |
| Inter-Generational Income Mobility Map of the World 2018. Source: World Bank |
Intergenerational Income Mobility Study:
The World Bank study uses a newly created 2018 database—the Global Database of Intergenerational Mobility (GDIM)—that covers more than 95 percent of the global population. Intergenerational income mobility measures how children's incomes compare with their parents' incomes at similar stages of life over a period of 50 years.
 |
| Inter-Generational Income Inequality Scatter Plot of the World 2018. Source: World Bank |
The study found that higher intergenerational income mobility is associated with lower income inequality.
More and more Pakistanis are sharing in their nation's development, according to World Economic Forum (WEF). Pakistan ranks 47 among 74 emerging economies ranked for inclusive development by WEF released recently at Davos, Switzerland. Inclusive development in the South Asian country has increased 7.56% over the last 5 years. World Economic Forum assesses inclusive development based on "living standards, environmental sustainability and protection of future generations from further indebtedness."
Educational Mobility:
Pakistan ranks among the 10 worst performing countries in absolute educational mobility, defined as the share of adults that are more educated than their parents, and relative mobility, defined as the correlation between individuals’ education and that of their parents.
 |
| Intergenerational Educational Mobility. Source: World Bank |
In terms of intergenerational education mobility, only 9.4% of Pakistanis born in the bottom half make it to the top compared with a median of 15% among developing economies. Compared with other South Asian countries (in IGM in education), however, Pakistan (9.4%) is doing marginally better than India (8.9%) and Bangladesh (8.6%), but worse than Nepal (11.4%), Afghanistan (12.3%), Sri Lanka (15.9%), and the Maldives (24.8%), according to the World Bank.
 |
| Comparison of Intergenerational Mobility in Pakistan. Source: World Bank |
WEF Inclusive Development Report 2018:
The WEF inclusive development index ranks Pakistan at 47, below Bangladesh at 34 but above India at 62. The 7.56% rate of increase in inclusive development in Pakistan is higher than 4.55% in Bangladesh and 2.29% in India. China ranks 26 and its inclusion is rising at a rate 2.94%.
 |
| WEF IDI Rankings. Source: WEF |
Another WEF report compiled by Oxfam said the richest 1% of Indians took 73% of the wealth generated last year.
Income Share Change in Asia's Poorest Quintile:
The share of national income of Pakistan's poorest 20% of households has increased from 8.1% to 9.6% since 1990 , according to the United Nations Economic and Social Commission for Asia and Pacific (NESCAP) Statistical Yearbook for 2015. It's the highest share of income for the bottom income quintile in the region.
The countries where people in the poorest income quintile have increased their share of total income include Kyrgyzstan (from 2.5 per cent to 7.7), the Russian Federation (4.4 per cent to 6.5), Kazakhstan (7.5 per cent to 9.5) and Pakistan (8.1 per cent to 9.6). India's bottom income quintile has seen its share of income drop from 9% to 7.8%.
 |
| Bottom Quintile Income Share Change. Source: UNESCAP Statistical Yearbook |
Although more people in China have lifted themselves out of poverty than any other country in the world, the poorest quintile in that country now accounts for a lower percentage of total income (4.7 per cent) than in the early 1990s (8.0 per cent). The same unfortunate trend is observed for a number of other countries, including in Indonesia (from 9.4 per cent to 7.6) and in the Lao People’s Democratic Republic (from 9.3 per cent to 7.6).
Development of China Pakistan Economic Corridor (CPEC) is transforming Pakistan. Among the parts of the contry being transformed the most by CPEC are some of the least developed regions in Balochistan and Sindh, specifically Gwadar and Thar Desert. Here is more on these regions:
Gwadar Port City:
Gwadar is booming. It's being called the next Shenzhen by some and the next Hong Kong by others as an emerging new port city in the region to rival Dubai. Land prices in Gwadar are skyrocketing, according to media reports. Gwadar Airport air traffic growth of 73% was the fastest of all airports in Pakistan where overall air traffic grew by 23% last year, according to Anna Aero publication. A new international airport is now being built in Gwadar to handle soaring passenger and cargo traffic.
In addition to building a major seaport that will eventually handle 300-400 million tons of cargo in a year, China has built a school, sent doctors and pledged about $500 million in grants for an airport, hospital, college and badly-needed water supply infrastructure for Gwadar, according to Reuters.
The Chinese grants include $230 million for a new international airport in Gwadar, one of the largest such disbursements China has made abroad, according to researchers and Pakistani officials.
New development work in Gwadar is expected to create as many as 20,000 jobs for the local population.
Thar Desert:
Thar, one of the least developed regions of Pakistan, is seeing unprecedented development activity in energy and infrastructure projects. New roads, airports and buildings are being built along with coal mines and power plants as part of China-Pakistan Economic Corridor (CPEC). There are construction workers and machinery visible everywhere in the desert. Among the key beneficiaries of this boom are Thari Hindu women who are being employed by Sindh Engro Coal Mining Company (SECMC) as part of the plan to employ locals. Highlighted in recent news reports are two Hindu women in particular: Kiran Sadhwani, an engineer and Gulaban, a truck driver.
 |
| Kiran Sadhwani, a Thari Hindu Woman Engineer. Source: Express Tribune |
Thar Population:
 |
| Hindu Woman Truck Driver in Thar, Pakistan. Source: Reuters |
Some of them are now being employed in development projects. A recent report talked of an underground coal gasification pilot project near the town of Islamkot where "workers sourced from local communities rested their heads after long-hour shifts".
A 2012 study of 22 nations conducted by Prof Miles Corak for the Organization for Economic Cooperation and Development (OECD) has found income heritability to be greater in the United States, the United Kingdom, Italy, China and 5 other countries than in Pakistan.
The study's findings, presented by the author in testimony to the US Senate Finance Committee on July 6, 2012, rely on the computation of "inter-generational earnings elasticity" which the author explains as follows:
"(It) is the percentage difference in earnings in the child’s generation associated with the percentage difference in the parental generation. For example, an intergenerational elasticity in earnings of 0.6 tells us that if one father makes 100% more than another then the son of the high income father will, as an adult, earn 60% more than the son of the relatively lower income father. An elasticity of 0.2 says this 100% difference between the fathers would only lead to a 20% difference between the sons. A lower elasticity means a society with more mobility."
Intergenerational Mobility in Pakistan:
Corak calculates that the intergenerational earnings elasticity in Pakistan is 0.46, the same as in Switzerland. It means that a difference of 100% between the incomes of a rich father and a poor father is reduced to 46% difference between their sons' incomes. Among the 22 countries studied, Peru, China and Brazil have the lowest economic mobility with inter-generational elasticity of 0.67, 0.60 and 0.58 respectively. The highest economic mobility is offered by Denmark (0.15), Norway (0.17) and Finland (0.18).
The author also looked at Gini coefficient of each country and found reasonably good correlation between Gini and intergenerational income elasticity.
In addition to Corak, there are other reports which confirm that Pakistan has continued to offer significant upward economic and social mobility to its citizens over the last two decades. Since 1990, Pakistan's middle class had expanded by 36.5% and India's by only 12.8%, according to an ADB report titled "Asia's Emerging Middle Class: Past, Present And Future".
More evidence of upward mobility is offered by Euromonitor market research indicating that Pakistanis are seeing rising disposable incomes. It says that there were 1.8 million Pakistani households (7.55% of all households) and 7.9 million Indian households (3.61% of all households) in 2009 with disposable incomes of $10,001 or more. This translates into 282% increase (vs 232% in India) from 1995-2009 in households with disposable incomes of $10,001 or more. Consumer spending in Pakistan has increased at a 26 percent average pace the past three years, compared with 7.7 percent for Asia, according to Bloomberg.
Summary:
The latest World Bank Study based on 2018 data shows that Pakistan continues to offer higher intergenerational economic mobility than most of the rest of the world. It reconfirms an earlier 2012 study of 22 nations by Miles Corak. More and more Pakistanis are sharing in their nation's development, according to World Economic Forum (WEF). Pakistan ranks 47 among 74 emerging economies ranked for inclusive development by WEF released recently at Davos, Switzerland. Inclusive development in the South Asian country has increased 7.56% over the last 5 years. World Economic Forum assesses inclusive development based on "living standards, environmental sustainability and protection of future generations from further indebtedness."
Related Links:
Haq's Musings
South Asia Investor Review
Pakistan Offers Higher Economic Mobility Than US, China
Pakistani-Americans Among Top 5 Most Upwardly Mobile Groups in US
Pakistan's Inclusive Growth
Pakistani-American Stars in "Big Sick" Movie
Pakistani-American Population Growth 2nd Fastest Among Asian-Americans
Silicon Valley Pakistani-Americans
A Dozen British Pakistanis in UK Pariament
An Analysis of Intergenerational Mobility in Pakistan Zahid Pervaiz & Shahla Akram
ReplyDeletehttps://www.researchgate.net/publication/331345994_An_Analysis_of_Intergenerational_Mobility_in_Pakistan
Educational mobility in Pakistan surpasses income and occupational mobility at all point of times. In 2007, 34.68% offspring had an income which was greater than their fathers’ income. This slightly increases to 36.87% in the year 2015. Downward mobility of income at all point of times is higher than upward mobility. As far as educational mobility is concerned, 56.19% offspring had higher education (in years of schooling) than their fathers and 55.17% did so in 2015. Thus, although the majority of population has moved upward as compared with previous generation in terms of educational attainments yet the scenario is quite opposite in terms of income and professional mobility where either the majority has moved downward or it has remained in the same income or occupational group. Table 3 tries to explain this phenomenon of upward/downward mobility in a better and simple way by dividing the whole population into two income groups. Median/mean income has been used to divide whole population into low income (poor) and high income (rich) group.
Table 3 shows that in 2007, there was 72.98% likelihood that offspring of poor fathers will remain poor (earn income below median) whereas 27.02% of them have a probability to get out of poverty and enter into upper income group. The likelihood of remaining in the same low income group (below median) for those individuals whose fathers were poor decreased from 72.98% in 2007 to 64.02% in 2015. Thus an intertemporal analysis suggest that upward mobility of low income group has increased from 2007 to 2015 in the sense that they have now entered into better income group. But still immobility is too high particularly in low income group due to which poverty may persist. Same kind of picture emerges if we use mean income instead of median income as a threshold for dividing population into two groups of low income and upper income. Table 4 given below provides more in depth picture of movement of individuals from one income quintile to other income quintile viz-a-viz their father.
An interesting phenomenon is evident from figures provided in table 4: immobility is highest either among the poorest i.e. people belonging to first income quintile or among the richest i.e. people belonging to top income quintile. According to the matrix of year 2007, there was 36.8% likelihood that offspring whose parent fall in first income quintile will also remain in the same income quintile. Whereas this likelihood for top income quintile was 52.53%. It implies that persistence of status quo was highest in the rich class. Intertemporal analysis reveals that immobility has come down during the period of our study. Which implies that now there is slightly higher probability for offspring belonging to first income to move upward. Similarly there is more likelihood of downward mobility for 5th income quintile.
For a long time we have known that improved transport accessibility leads to more opportunities and better lives.
ReplyDeleteANDREW DABALENSHOMIK MEHNDIRATTA|JANUARY 24, 2022
https://blogs.worldbank.org/transport/knowledge-action-new-way-maximize-impact-rural-roads
Accessibility describes how easy (or difficult) it is for people to reach services and opportunities. When you look at the data, significant accessibility gaps persist around the world. Globally 51% of individuals living in low-income countries reside within an hour of a city compared to 91% of individuals in high-income countries. This limited access to urban centers hinders rural populations from accessing services and opportunities, including healthcare, education, jobs, and markets. Gender plays an important role as well: as these findings from Pakistan illustrate, women typically must cover greater distances to reach basic services. Even for people living in cities, accessibility may vary depending on the availability of public transport, the impact of traffic congestion.
Lack of access is systematically linked to inferior development outcomes, even more so if motorized transport is not available. The inability to travel to healthcare facilities, for instance, has been associated with increased mortality and morbidity from treatable conditions. Conversely, improved access is often synonymous with improved development outcomes. For example, women with access to roads in Pakistan are twice more likely (14% vs 28%) to go to pre-natal consultations. In rural Morocco, girls’ enrollment in primary schools increased from 17% to 54% when their access to roads improved.
Looking particularly at rural roads investments, the construction of a new road can lead to a chain of positive impacts. When a rural community gets connected to the road network, people who could not reach healthcare, schools, or other essential services before are suddenly able to do so. Workers can access more and better jobs. Farmers can sell their products in more distant markets. But these outcomes can only materialize if rural road projects are carefully planned and prioritized. Also, while investments in road networks are often a critical first step toward enhancing accessibility, they should be integrated into a broader investment package targeting social and technological development overall.
However, transforming this knowledge into action had been hard to operationalize. Lack of data regarding the transport network, opportunities, limited computing power to calculate travel times in large areas and lack of consistent framework had made it hard for us to take this academic research into an operational reality. We needed to understand exactly which transport projects will have the highest impact on accessibility? How would this accessibility transform into household welfare? And how do we create tools to inform planning and investment decisions?
To address these questions, the World Bank’s Transport and Poverty and Equity teams jointly developed a new framework that relies on high-resolution mapping and other sophisticated analytical tools to provide a more granular view of how rural road infrastructure can benefit communities.
We are now able to deploy all that knowledge into operational action, by developing an analytical framework that highlights spatial disparities in access to services and opportunities, calculates the expected gains in accessibility from investments into road infrastructure and thereby informs the placement of transport investments throughout the region.
Study reveals social mobility booming in Pakistan
ReplyDeletehttps://profit.pakistantoday.com.pk/2018/10/29/study-reveals-social-mobility-booming-in-pakistan/
The Standard Chartered Bank (SCB-Pak) has conducted a study on ‘Emerging Affluent Consumers’ in eleven countries including Pakistan, in which it found that nearly two-thirds or 64 per cent of emerging affluent consumers in Pakistan are experiencing upward social mobility while 11 per cent are enjoying ‘supercharged’ social mobility.
The Emerging Affluent Study 2018 – climbing the prosperity ladder – examines the views of 11,000 emerging affluent consumers- individuals who are earning enough to save and invest – from 11 markets across Asia, Africa and the Middle East.
Commenting on the study, SCB Retail Banking Head Syed Mujtaba Abbas said, “Ambitious consumers are on an upward social trajectory; they are surpassing their parents’ success in education, careers and home ownership. As their ambitions and aspirations grow, they are demanding convenient financial services and digital technology to broaden their access to money management and advance their financial wellbeing. It is an exciting journey where they are not only improving their own lives, but they are also fuelling growth in some of the world’s most exciting markets.”
According to the study, the average figure for social mobility among the emerging affluent consumers across the markets is 59 per cent, and of these 7 per cent are experiencing supercharged social mobility.
Pakistan’s socially mobile consumers, as identified by the study, have had impressive earnings growth, with almost half (44 per cent) enjoying a salary increase of 10 per cent or more in the past year, and more than a third (34 per cent) seeing their earning jump by 50 per cent or more in the past five years.
In Pakistan, the socially mobile people are also better educated and achieving higher levels of employment and homeownership than their parents. As many as 89 per cent went to universities, compared to 66 per cent of their fathers and less than half (49 per cent) of their mothers, while 83 per cent are in a management position or running their own businesses compared to 65 per cent of their fathers and 28 per cent of their mothers. Similarly, as many as 88 per cent of the socially mobile people own their own home, compared to 81 per cent of their parents at the same age.
Levels of optimism among the emerging affluent in Pakistan are even higher than reality, with 79 per cent believing they are in a better financial position than their parents compared to the 64 per cent in the study that are actually socially mobile.
More than two-thirds (70 per cent) of the emerging affluent in Pakistan say their familiarity with digital tools have been vital to their personal success, while 73 per cent say online banking makes them feel that they have more control over their money and investments, and 67 per cent say digital money management has helped them get closer to achieving their financial goals.
Pakistan’s emerging affluent is comfortable going online for financial advice, with the majority (60 per cent) saying they would invest in financial products online if an on-demand adviser was available. Risk is not a problem for the emerging affluent if strong rewards are possible 58 per cent would accept a high level of risk for a high level of return when investing their money in online financial products.
INTERGENERATIONAL ECONOMIC MOBILITY: THE CASE OF NORTH-
ReplyDeleteWESTERN PAKISTAN
Ansa Javed Khan1, Sajjad Ahmad Jan2, Jawad Rahim Afridi3*, Arshia Hashmi4, Muhammad Azeem Ahmed5 1Assistant Director, P&D, Bacha Khan University, Charsadda, Pakistan; 2Assistant Professor, Department of Economics, University of Peshawar, Peshawar, Pakistan; 3*Lecturer, Department of Economics, Sarhad University of Science & IT, Peshawar, Pakistan; 4Assistant Professor, The University of Faisalabad, Department of Management Studies, Faisalabad, Pakistan; 5Associate Professor, Barani Institute of Sciences, Pakistan.
Email: 1*director_pnd@bkuc.edu.pk, 2sajjadahmadjan@uop.edu.pk, 3*jrafridi67@gmail.com, 4arshia.hashim@tuf.edu.pk, 5azeem@baraniinstitute.edu.pk
Article History: Received on 19th June 2021, Revised on 26th June 2021, Published on 29th June 2021
https://www.sciencegate.app/document/10.18510/hssr.2021.93141
Access to Education and Intergenerational Economic Mobility
The following table 1 shows the change in educational status which has taken place between the parents and children’s generations for the overall sample as well as for the sub-groups (Majority and Minority Tribes). The absolute numbers (outside parentheses) and the percentage (within parentheses) in different cells of the table show the people who are illiterate or at different levels of education. The table on one hand shows the intergenerational mobility of people up and down the education ladder and on the other hand reveals the wide and persistent educational gap between the majority and minority tribes. The table shows that 26 % of the respondents in the kids’ generation do not have any education versus 46 % in the parents’ generation. The results affirm the government’s claims and the common perception that, on average, more people have become literate through time and therefore the people in the children’s generation are more likely to be educated than their parent's generation. Further, the college and university graduates in the children’s generation outnumber the school graduates while school graduates outnumber the higher two educational categories in the parents’ generation as most of the students in past used to drop out at both primary or high school levels and couldn’t manage to get into a college or university for higher studies.
The aggregate results for the whole sample are actually driven by the majority tribes as it shows identical trends from the parents’ generation to the children’s generation in all educational. The majority tribe has succeeded in decreasing the number of illiterates from 33% in the parents’ generation to 11% in the children’s generation. College and university graduates (total of 60%) outnumber the school graduates and the illiterate (total of 40%) in the children’s generation as compared to the parents’ generation in the majority tribe where the former is 26% and the latter is 73%. This indicates a visible upward movement of the educational ladder by the members of the majority tribe. The situation of education and literacy in the minority tribe is deplorable if the comparison is either made on basis of children’s and parents’ generations or if the educational attainment levels of the minority and majority tribes are compared. The illiterates outnumber all the other educational categories as in sharp contrast to the educational attainment levels of the majority tribe. The data further reveals that no or only a negligible improvement in the educational status of the people belonging to the minority tribe has taken place between the children’s and parents’ generations. This affirms our presumption that in the North-Western parts of Pakistan, the tribal affiliation of a person determines his or her access to education. The ease of access to education then further transforms into economic mobility or immobility of the people.
69% Pakistanis feel that their children will have a better life than them in a global Gallup International survey in 64 countries
ReplyDeleteFigure in India is 43%
https://twitter.com/bilalgilani/status/1619768586276569088?s=20&t=AfVrdN1yfTuVjhOxMf22eQ
https://www.gallup-international.bg/en/46667/fsdfdsfs/
The most positive country among those surveyed is Nigeria (90% minus 6%) and the most negative is Slovenia a (14% minus 53%). Among the prominent countries where GIA could poll, expectations for their children’s future are highest in Nigeria is followed by Russia (52% minus 10%), Mexico (48% minus 30%), the USA (43% minus 31%) and India (43% minus 33%).
When combining the two questions, another perspective is added. For instance, Moldova shows a total of 86 (45% saying that their live is worse life than the one of their parents plus 41% expecting a worse life of today’s children), followed in this negative ranking by North Macedonia (82: 35% negative assessments plus 47% negative predictions), Afghanistan (81), Syria and Italy (78), etc.
Most of the countries are still positive on both questions, but if one looks for instance for countries with both above 50% positive answers, Nigeria stands out with 171 (81% positive for today plus 90% positive for tomorrow), followed by Kosovo (162), the United Arab Emirates (150), Ghana (141), Pakistan (134), etc.
Findings are proved, confirming that developing parts of the world share more hope. National and political peculiarities leave their footprint but in general is seems that the closer the war and troubles are, the worse are the answers on both issues – as expected.
---------
Every second citizen (51%) of the world believes that their life is better than that of their parents. The other half of the people asked is equally divided between those who assess a worse life (23%) and those who find it the same (23%). 3% could not answer. Satisfaction with the living standard is a key factor for people to believe that they have a better life than their parents. But in some rich regions like Europe this is not so valid.
Expectations for the life of today’s children are predominantly good as well but lower than the comparison of own life to the life of the previous generation – 44% are expecting a better life for today’s children in comparison to our lives, 28% expecting a worse life, 20% expecting about the same and 8% not responding. Aged people are less sure about the better future of the next generation. More money unsurprisingly seems to result in more confidence in the future on a personal level, but on a national level countries that experience or used to experience difficulties are the ones to believe stronger in better future for the next generation. Unsurprisingly again.
20 new projects in Gwadar on the way of completion during 2023: Report | Pakistan Today
ReplyDeletehttps://www.pakistantoday.com.pk/2023/02/09/20-new-projects-in-gwadar-on-the-way-of-completion-during-2023-report/
These projects entail desalination potable water plant, Gwadar Free Zone North (Phase 11), Gwadar Safe City Project, New Gwadar International Airport, three electricity projects, Gwadar Smart Port City Master Plan, Gwadar Tourism Project, New management model of Pak-China Technical and Vocational Institute (PCT & VI), State of Art Shipyard Project, Oil Refinery project, Green Gwadar Project, Pak-China Friendship Hospital, fisher community projects, Gwadar Port dredging project, Export-oriented projects, Fishing industry, Warehouse industry, and Gwadar Huafa Exhibition and Trading Center.
According to the report, over the last 10 years since CPEC set its foot in 2013, Gwadar outlook is changing gradually and constructively, getting over daunting challenges including poverty, civic issues, water, electricity, employment, infrastructure, agriculture and on top of them blue economy.
In the past Gwadar was in shamble and disarray. Later in the course of 10 years, Gwadar has been making headway toward progress in a sustainable manner.
Many development projects have been completed so far including Gwadar Port, Gwadar Free Zone South (Phase I), Eastbay Expressway, Pak-China Technical and Vocational Institute (PCT & VI), China-Pakistan Gwadar Faqeer Middle School, Fiber Optic, E-Custom system (WeBOC), Plant Tissue Culture Lab & Green House, livestock, women-led garment factory, Gwadar University and GDA-Indus Hospital.
---
The city’s strategic location at the mouth of the Persian Gulf, coupled with its deep-sea port and modern infrastructure, makes it a hub for trade, transportation, and investment.
As a result, Gwadar is expected to attract a significant amount of foreign investment and economic activity in the coming years, emerging as a major contributor to Pakistan’s economic growth.
One of the most significant projects is the 1.2 Million Gallon Per Day (MGD) de-salination plant, expected to be fully operational by April 2023. This plant will provide a reliable source of clean drinking water to the residents of Gwadar.
In 2023, more than 4 lakhs of people of Gwadar are going to get rid of painful power woes as three electricity projects will power up Gwadar. The first project is about 100 MW Irani electricity from Gabd-Remdan (Pak-Iran border) to Jiwani Grid Station to Gwadar that will come on 1st March.
The second project is another 100 MW from Iran-Pangjur-Turban-Pasni to Gwadar that is going to be completed in current year. The third project is from Quetta, Nag-Besima section to Pangjur and then Turbat-Pasni to Gwadar.
Meanwhile 5 MW power supply will be available to Gwadar Free Zones North (Phase II). If all goes well, in the second step 12 MW power supply will be ensured for Gwadar Free Zone South (phase I) and Gwadar Port in coming months. Finally, the government also approved 300 MW coal-fired power project for Gwadar.
Another major project that is expected to pick more pace in 2023 is the development of the Gwadar Free Zone North (Phase II) spreading over 2,221 acres of land. Currently, export-based Chinese companies are very near building and running their factories in a few months.
The year of 2023 has also brought many fortunes for Gwadar’s fishermen regarding their livelihood to new housing schemes. The Balochistan Government has approved 200 acres of land for new fishermen housing colony for low-income fishmen of Gwadar.
Around Rs300 million has been allocated. Around 3,291 poor fishermen of Gwadar are going to get free of cost boat engines as the government has allocated funds of Rs823 million.
Barrick Gold Corporation - Reko Diq Mining Company Constitutes Community Development Committee for Locally Driven Development
ReplyDeletehttps://www.barrick.com/English/news/news-details/2023/reko-diq-constitutes-community-development-committee-for-locally-driven-development/default.aspx
NOKKUNDI, BALOCHISTAN – Reko Diq Mining Company (RDMC), a subsidiary of Barrick Gold Corporation, has constituted a 25-member Community Development Committee (CDC) at Nokkundi in the Chagai district. The CDC comprises local stakeholders and community leaders who will guide the company’s social investment plan in the area.
Speaking at the event, Ali Ehsan Rind, the country manager of RDMC said: “In all its operations worldwide, Barrick strives to be a good corporate citizen and a genuine partner of the host communities in locally led development. With the formation of this CDC, representing all the key local stakeholders, I am confident that our work will become a catalyst for the social development of the local communities.”
The meeting was also attended by the district commissioner of Chaghi, the deputy director of mines (Balochistan), tribal elders, local notables and a cross-section of representatives from the district.
The Nokkundi CDC was formulated after an extensive consultative process and engagement with 62 stakeholders. Its mandate includes consultation for consensus on the selection of social investment initiatives to be undertaken by the company.
Community Development Committees
CDCs are our community development partnership model, comprised of community members, elected locally and include a representative from the company to ensure projects chosen align with the five sustainable development focus areas and adhere to our policies including procurement and accountable governance.
The formation of this CDC is a concrete step taken by RDMC to ensure that the business delivers social investment projects of significant and lasting benefit to the local communities among whom it will operate. The management of RDMC values sustainable development and mutual advantage and seeks to build a harmonious partnership amongst the communities in and around the RD project area.
Reko Diq will be a multi-generational mine with a life of at least 40 years. During peak construction the project is expected to employ 7,500 people and once in production it will create 4,000 long-term jobs. Barrick’s policy of prioritizing local employment and suppliers will have a positive impact on the local economy. The company plans to finish the Reko Diq feasibility study update by the end of 2024, with 2028 targeted for first production from the giant copper-gold mine in the country’s Balochistan province. The new Reko Diq agreement ensures that benefits from the project start accruing to the people of Balochistan well before the mine goes
CPEC Results According to Wang Wenbin of China
ReplyDeletehttps://twitter.com/bilalgilani/status/1677391745112477696?s=20
Bilal I Gilani
@bilalgilani
CPEC projects are creating 192,000 jobs, generating 6,000MW of power, building 510 km (316 miles) of highways, and expanding the national transmission network by 886 km (550 miles),” Foreign Ministry spokesman Wang Wenbin told reporters in Beijing."
Associated Press of Pakistan: On July 5, Prime Minister Shahbaz Sharif while addressing a ceremony to mark a decade of signing of the China-Pakistan Economic Corridor (CPEC), said that CPEC has been playing a key role in transforming Pakistan’s economic landscape. He also said that the mega project helped Pakistan progress in the region and beyond. What is your response?
Wang Wenbin: The China-Pakistan Economic Corridor (CPEC) is a signature project of China-Pakistan cooperation in the new era, and an important project under the Belt and Road Initiative. This year marks the 10th anniversary of the launch of CPEC. After ten years of development, a “1+4” cooperation layout has been formed, with the CPEC at the center and Gwadar Port, transport infrastructure, energy and industrial cooperation being the four key areas. Projects under CPEC are flourishing all across Pakistan, attracting USD 25.4 billion of direct investment, creating 192,000 jobs, producing 6,000 megawatts of electric power, building 510 kilometers of highways and adding 886 kilometers to the core national transmission network. CPEC has made tangible contribution to the national development of Pakistan and connectivity in the region. China and Pakistan have also explored new areas for cooperation under the framework of CPEC, creating new highlights in cooperation on agriculture, science and technology, telecommunication and people’s wellbeing.
China stands ready to work with Pakistan to build on the past achievements and follow the guidance of the important common understandings between the leaders of the two countries on promoting high-quality development of CPEC to boost the development of China and Pakistan and the region and bring more benefits to the people of all countries.
https://www.fmprc.gov.cn/eng/xwfw_665399/s2510_665401/2511_665403/202307/t20230706_11109401.html
Chinese companies help in improving social sector
ReplyDeletehttps://www.thenews.com.pk/print/1086783-chinese-companies-help-in-improving-social-sector
Islamabad: Chinese companies have enhanced their role in social development of Pakistan, while addressing the country’s economic and development issues. The companies are an integral part of CPEC. They are the torch bearer of this flagship project of BRI. They are not only helping Pakistan overcome its infrastructure problems but also investing in social development, skills, and environmental protection in Pakistan. All Chinese companies are investing in social development, but only a few have been selected for discussion, a report carried by Gwadar Pro. The Chinese companies not only helped to create thousands of jobs but also invested in building the capacity of hundreds of engineers and staff members.
According to available data, Huaneng Shandong Rui Group, which built the Sahiwal coal power invested in 622 employees for building their capacity and sharpen their skills. Further segregation of data shows that 245 engineers were trained following the need for required skills at plants. Port Qasim also contributed to building the capacity of engineers and staff members. Data shows that 2,600 employees benefited from the capacity-building and skill development opportunities offered by the Port Qasim plant. It trained 600 engineers and 2,000 general staff members.
It is a huge number, especially in the engineering category. It will help Pakistan; as Pakistan has a shortage of qualified and trained engineers. These companies also assisted Pakistan during floods and COVID-19. Second, the Chinese Overseas Port Holding Company (COPHC) is another Chines company, which is investing in social development. The major contribution of COPHC is in the sectors of education, waste management, environmental protection, and the provision of food.