ISLAMABAD, BEIJING: Pakistan is facing a silent and profound human capital crisis, the World Bank has released a report on the human capital crisis in Pakistan, suggesting that Pakistan should invest substantially in human capital. Need to increase, Pakistan needs to increase investment on human capital.
According to the report, investment should be increased to overcome the problems of education and health.
According to the report, Pakistan has reached the middle income level. The World Bank said that Pakistan has shown performance in reducing poverty in the last two decades. The World Bank said that a child born in Pakistan can use 0.41% of full education and health, Pakistan is the lowest in South Asia in terms of human capital. According to the global report, according to the results of human capital, Pakistan compared to Africa. Better yet, the human capital crisis is due to lack of female labor force.
According to the global report, 20 million children are out of school in Pakistan, Pakistan’s children are facing a massive shortage of nutritional needs. According to the report, Pakistan needs sustainable and long-term human investment for human development. In addition, the International Monetary Fund (IMF) released the “Economic Outlook Report for Asia and the Pacific”.
According to China Med Ya, the report pointed out that the strong recovery of the Chinese economy has provided great impetus to the Asia Pacific and global economies. China and India will drive Asia-Pacific economic growth to 4.6 percent in 2023, up from 3.8 percent in 2022.