AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Congratulations! Pakistan finally inched up on HDI rankings. From the 142nd rank in 2006, the country managed to crawl to bag the 141st position in 2007, according to the latest report by United Nations Development Programme. Very soon you would see officials from the previous regime, including those now out of job parliamentarians, bragging about how glorious their era was.
Perhaps it was, perhaps not. This wavering is mainly due to the alarming disparity between the rich and the poor. The same HDI report highlights that 60.3 percent of Pakistan's population stood below the income poverty line of $2 day with 22.6 percent living under $1.25 a day.
So, while the HDI rankings will be flaunted by those from the former regime, the income disparity indicator will be a juicy number for current rulers on the basis of which they can rebuke their predecessors. But, chances are that they will be silenced, when the UNDP will release current year's numbers, in the years to come.
What exactly Pakistan's HDI ranking will be, it's too early to say. But from the looks of it, it will be lower as dearth of funds for developmental projects at home amid renewed focus on health, education and infrastructural development abroad will widen inter-national disparity.
As for income disparity at home, it will likely worsen as well, given the skewed taxation and utilities' rates structure amid rising energy costs, lack of funds for socio-economic development and slacking economic growth. Not surprisingly, the masses would blame either the government, or the developed countries - a significant number of which now form the Friends of Democratic Pakistan. According to a recent survey by Gallup Pakistan, about 70 percent of the population perceives inefficiency of rulers or injustice of developed countries as two major reasons behind poverty. And lo! There is a sign for men who are wise.
All information and data used are from reliable source(s) and subjected to extensive research after diligent and reasonable efforts to determine the soundness of the source(s). This analysis is not for the benefit of or discredit to any person, scrip or tradable instrument. The content(s) of this analysis shall not be construed as an advice or recommendation to trade. No relationship of client will be created between Business Recorder and user of this information. Professional advice must be taken by the reader before making investment/trading decisions. BR disclaims any liability for investment(s) made or liability accrued on basis of this analysis. The content(s) including all opinion(s), statement(s) and information are subject to change without prior notice and/or intimation.

Copyright Business Recorder, 2009

Comments

Comments are closed.