In­vest­ment in edu must for eco­nomic growth: WB

The Pak Banker - - FRONT PAGE -

Man­ag­ing Di­rec­tor and Chief Op­er­at­ing Of­fi­cer, World Bank Ms Sri Mulyani In­drawati has ap­pre­ci­ated steps taken by the gov­ern­ment to strengthen higher learn­ing in­sti­tu­tions and said, it will play key role in so­cio-eco­nomic de­vel­op­ment of the coun­try.

Speak­ing at a spe­cial ses­sion Ms. In­drawati thanked HEC for pro­vid­ing an op­por­tu­nity to talk to ed­u­ca­tors, stu­dents and hear from them, said a press re­lease. She said Pak­istan has shown good eco­nomic progress dur­ing the last few years due to right steps taken by the gov­ern­ment.

How­ever she em­pha­sized that the coun­try needs to do much more to com­pete at re­gional as well as global level. The ses­sion was at­tended by vice chan­cel­lors, fac­ulty mem­bers, re­search scholars and stu­dents. Over 60 univer­si­ties of the coun­try were con­nected through video-con­fer­enc­ing. The WB Man­ag­ing Di­rec­tor said that Pak­istan has a huge po­ten­tial of hu­man as well as nat­u­ral re­sources that need to be tapped prop­erly. She said Pak­istan's grow­ing mid­dle class was rep­re­sent­ing a pow­er­ful en­gine for change. Terming macro-eco­nomic sta­bil­ity of the coun­try as en­cour­ag­ing, she stressed that a lot needs to be done. She said that Pak­istan's peo­ple have proved them­selves re­silient in the face of ex­trem­ist at­tacks, nat­u­ral dis­as­ters, fre­quent floods and ex­treme weather. "But I want to fo­cus on what, in my view, are the two most im­por­tant chal­lenges, both ob­vi­ous and ur­gent. To reach its full po­ten­tial Pak­istan needs to make bet­ter use of its peo­ple and its po­si­tion in neigh­bor­hood and world."

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