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Key Indicator : Poverty rate, Social protection basic coverage and spending, Youth (15-24) not in education, employment, and training, Equal workforce opportunities, Workers rights, Gender inequality index
This pillar looks at the socioeconomic well-being and resilience of an economy. For improving productivity and creating a quality labour force, it measures gender equality, workers’ rights, inclusiveness, and the number of youths in education, training, or employment. Besides this, the provision of social protection services such as unemployment and disability benefits, and maternity and child support are also examined, as these are important factors for making a resilient labour force in times of economic shocks and depressions. Moreover, access to basic resources is also measured by looking into the poverty rates. All these factors play a vital role in the socioeconomic stability of a society which affects T&T investments.
In the 2022 Global Gender Gap Index, Pakistan ranked 145 out of 146. The data shows Pakistan as the second worst country out of 146 countries in gender differences
Regarding socioeconomic resilience and condition, the country ranks at 93 with a score of 3.5 in the T&T Development Index 2021. In 2018-19, about 21.9% of the country’s population lived below the poverty line[270]. In 2020, about 9.2% of the population and 1.7% of the disabled people were covered by at least one social protection benefit, while 5.4% of households were receiving child cash benefits.[271] In the 2022 Global Gender Gap Index, Pakistan ranked 145 out of 146.[272] The data shows Pakistan as the second worst country out of 146 countries in gender differences.[273] According to another survey, about 23 million children are out of school. If we compare the ratio of enrolment of boys and girls, for every 100 boys only 86 girls are enrolled in schools. Likewise, 40% of women need permission from their families to do paid jobs. The reasons for the gender gaps are gender norms, lack of facilities for females in school and workspace, safe transportation, household responsibilities, etc.[274] The government needs to work on the education and awareness of people to change the gender norms and promote gender equality. There is a dire need to adopt gender-sensitive policies to increase the participation of women in the workforce.[275]