Extreme Commerce Launches 150+ Skills on the Video Boot Camp - New Skills Required in the New Era.

New Skills Required in the New Era –
World Economic Forum’s Future of Jobs Report.

Learning new skills through online knowledge platform is an opportunity for freelancers and technology enthusiasts to capture global business prospects. Extreme Commerce launches Pakistan’s digital platform with 150+ skills.

The World Economic Forum in its Future of Jobs Report identifies new skillsets required in the post pandemic economic recovery for Pakistan. Digital Skills are the key to harness market appropriate opportunities.

Developing and enhancing human skills and capabilities through education, learning and meaningful work are key drivers of economic success, of individual well-being and societal cohesion. The global shift to a future of work is defined by an ever-expanding cohort of new technologies, by new sectors and markets, by global economic systems that are more interconnected than in any other point in history, and by information that travels fast and spreads wide. Yet the past decade of technological advancement has also brought about the looming possibility of mass job displacement, untenable skills shortages and a competing claim to the unique nature of human intelligence now challenged by artificial intelligence. The coming decade will require purposeful leadership to arrive at a future of work that fulfils human potential and creates broadly shared prosperity.

Extreme Commerce, Pakistan’s foremost institution working to grow in the arena of E-commerce and digital skills, while creating a learning platform for the “Jobs of Tomorrow”, Extreme Commerce has created interactive learning tools for the new generation of Entrepreneurs and Freelancers. As Pakistan’s foremost EdTech with a focus on e-commerce and digital skills, it aims to bring innovation and quality along with tech, altogether under the same roof and ultimately make Pakistan the hub for Tech practitioners.

Pakistan has been ranked as the 4th fastest growing markets in the world for freelancers, Pakistan is among the top five countries in the world when it comes to freelancing and generates a significant calculated amount of $0.5 billion entirely from freelancing.

Pakistan’s e-commerce industry grew tremendously during the COVID-19 pandemic, which is amongst the fastest growth globally. The progressively evolving entrepreneurs in the ecommerce industry are breaking the barriers of feudal mindset. The Future of Jobs Report by the World Economic Forum also signifies that new knowledge capital around jobs on Internet of Things (IoT), Artificial Intelligence and Deep Data Mining and Analysis are key to foster economic progress.

Extreme Commerce pursues to be the fulcrum of opportunity and potential via providing extension in income streams by making sales on international and national E-commerce platforms like Amazon, eBay, Shopify, Fiverr, Upwork, etc. with an aim to infuse $1 billion for each annum into the local economy.

To meet the global skills gap with Pakistani experts, Extreme Commerce has expanded its digital learning platform with (Video Boot Camp) VBC 150+. The organization has introduced more e-commerce and freelancing learning opportunities, with its Video Boot Camp revamped and enhanced to 50 additional courses to master the new challenges and opportunities.

Video Boot Camp 100 had an extensive range of e-commerce skills that enabled students to obtain sellable skills. But now the additional 150+ courses are designed to provide team building skills, soft skills, marketing, managerial and communication skills. With 50 additional courses comprised of ecommerce and digital skills & 60+ Zameen interviews, Extreme commerce is trying to make 2021 a remarkable year for big changes in the ecommerce industry of Pakistan.

Language has always been a barrier to entry for skill development. However, the extensive line of courses has been upgraded with SIX additional languages which will now help break past language obstructions. It has opened doors for fresh freelancers by providing them a detailed course on Fiverr and Upwork.

The VBC 150+ has stood out by introducing medical freelancing which is the newest addition to VBC. This offers a range of courses for health and fitness enthusiasts, nutritionists and practicing medical students. Understanding data analysis on medical related platforms is one of the most demanding skill globally. Human wellbeing has been identified as one of the major challenges for humanity in the COVID-19 pandemic, where the medical data has opened new prospects for information technology evangelists. Creating new pathways for emerging technologies to benefit the society at large.

The new paradigm of algorithms has automated businesses and can impact the job markets greatly, however this has created opportunities for freelancers to generate new models for business development and service delivery. The VBC has introduced a revamped program of digital marketing and multimedia as well which offers a new spectrum of skills. In Digital marketing there’s Lead generation, Chatbot & Many chat kind of courses which helps and guides all Entrepreneurs, Freelancers, Digital Marketers in general.

As the Future of Jobs Report identifies the Future of Technology is more mobile and personal, Extreme Commerce has launched the Video Boot Camp on mobile App and Play stores. The New VBC mobile app is ready to roll out with 150 courses and 60 Zameen on Android and iOS. The new 150+ courses are income generating streams that are to rewrite the fate of Pakistan’s economy. This will not only boost the economy but also reduce the unemployment rate.

Extreme Commerce is Pakistan’s first EdTech start up with a sole focus on skills development and capacity building within the ecommerce and digital arena. Founded in 2017, it is the largest community of its kind in Pakistan, with well over 750,000 members to date and with over 100+ courses and income streams to choose from. We estimate that by 2025, our community will be 1 million strong, generating well over $1 billion in inward remittance for Pakistan.

Mishal Pakistan and Extreme Commerce are working jointly to improve the awareness on the skills required for the “Jobs of Tomorrow”. Mishal Pakistan is the country Partner Institute of the New Economy and Societies Platforms, World Economic Forum.

Pakistan slips 3 ranks on the Global Competitiveness Report 2019 of the World Economic Forum, secures 110 position among 141 countries

• Islamabad, PK – 09 October 2019 - The World Economic Forum released the Global Competitiveness Report 2019 today. The Report has adopted a new methodology for measuring Competitiveness 4.0. by including indices which represents more knowledge and digital-based ecosystems. The Global Competitiveness Index (GCI) 4.0 provides a detailed map of the factors and attributes that drive productivity, growth and human development in the era of the Fourth Industrial Revolution. The 2019 edition covers 141 economies, which account for 99% of the world’s GDP.

The World Economic Forum defines competitiveness as the set of institutions, policies and factors that determine the level of productivity of a country. Countries can improve their investment potentials by improving their competitiveness rankings. The Global Competitiveness Report, which in 2018 used a brand new methodology to fully capture the dynamics of the global economy in the Fourth Industrial Revolution, many of the factors that will have the greatest impact in driving competitiveness in the future have never been the focus of major policy decisions in the past. These include idea generation, entrepreneurial culture, openness, and agility. The new tool maps the competitiveness landscape of 141 economies through 103 indicators organized into 12 pillars.
Amir Jahangir at the Launch of the Global Competitiveness Index 2019 Report and Pakistan's Performance on Competitiveness 4.0
Amir Jahangir, Chief Executive Officer of Mishal Pakistan and the Country Partner Institute of the Future of Economic Progress System Initiative, World Economic Forum, said, “Pakistan needs to bridge the digital divide between citizens demand for governance and governments’ ability to deliver services through digital and e-governance platforms. The public policy agenda should have ICT adoption as one of the key drivers for transforming the economy to succeed in the fourth industrial revolution era.”

On the Competitiveness 4.0, Pakistan has been ranked at 110th among 141 economies, slipping three positions below from last year’s 107. Pakistan has been ranked 107 in Institutions as compared to 109 last year, It is ranked 105 in infrastructure against 93 in 2018, The ICT adoption has slipped to 131 from 127 from a year earlier. With a loss of 13 ranks the Macroeconomic stability at 116 has greatly impacted country’s competitiveness rankings, While the Health pillars at 115 in 2019 has slipped from 109 from last year. The Skills pillar has retained its position as last year at 125. Pakistan has also lost 4 ranks on the Product Market Pillar with global ranking on 126. Pakistan improved its labor market efficiency with one point by securing 120 rank among 141 economies. While the Financial Systems Pillar lost 10 ranks and rests at 99 this year, compared to 89 last years, the country improved its competitiveness advantage by securing an impressive 29 position compared to 31 in 2018. Pakistan showed its best performance on the business dynamism by improving 15 points and securing 52 among 141 economies. This gain was due to Pakistan’s improvements on time to start a business where, it improves several ranks. The country scored 79 on the innovation capability pillar compared to 75 in 2018.
In South Asia, India, in 68th position, loses ground in the rankings despite a relatively stable score, mostly due to faster improvements of several countries previously ranked lower. It is followed by Sri Lanka (the most improved country in the region at 84th), Bangladesh (105th), Nepal (108th) and Pakistan (110th).
The Global Competitiveness Index 4.0 provides a compass for thriving in the new economy of the Fourth Industrial Revolution. In the present context of economic uncertainty, trade tensions, and social and environmental challenges, it is even more critical that policymakers use the comprehensive tools of competitiveness to put the world economy on a path of growing productivity, inclusion and sustainability. The report shows this win-win-win combination is possible, but we will need bolder, visionary leadership and multi-stakeholder collaboration to achieve it,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.
“What is of greatest concern today is the reduced ability of governments and central banks to use monetary policy to stimulate economic growth. This makes it all the more important that competitiveness-enhancing polices are adopted that are able to boost productivity, encourage social mobility and reduce income inequality,” said Saadia Zahidi, Head of the Centre for the New Economy and Society at the World Economic Forum.
The Global Competitiveness Report 2019 highlights the fragile economic foundations of several least developed and emerging economies, making them highly vulnerable to shocks. With extreme poverty reduction decelerating and nearly half of humanity still struggling to meet basic needs, the report is a reminder of the need for sustained, productivity-enhancing economic growth remaining critical for improved living standards.
It has also become evident that policymakers face a choice when it comes to setting the right direction for growth through the “quality” of policies and public investments to proactively address challenges such as inequality, climate change and technological divides. The perceived trade-offs between economic, social and environmental factors may emerge from a short-term and narrow view of growth but can be mitigated by adopting a holistic and longer-term approach to sustainable development.
Singapore is the world’s most competitive economy in 2019, overtaking the United States, which falls to second place. Hong Kong SAR (3rd), Netherlands (4th) and Switzerland (5th) round up the top five. The average across the 141 economies covered is 61 points, almost 40 points to the frontier. This global competitiveness gap is of even more concern as the global economy faces the prospect of a downturn. The changing geopolitical context and rising trade tensions are fuelling uncertainty and could precipitate a slowdown. However, some of this year’s better performers in the GCI appear to be benefiting from the trade feud through trade diversion, including Singapore (1st) and Viet Nam (67th), the most improved country in this year’s Index.
The Report is a reminder to national policymakers to apply a holistic approach and better balance short-term considerations against factors whose impact is felt beyond quarterly results and election cycles. For example, the results of the index show that labour and education policies have not been keeping up with the pace of innovation in most countries, including in some of the largest and most innovative economies. Governments must better anticipate the unintended consequences of technological integration and implement complementary social policies that support populations through the Fourth Industrial Revolution.
Building on four decades of experience in benchmarking competitiveness, the World Economic Forum’s Global Competitiveness Index 4.0 is a composite indicator that assesses the set of factors that determine an economy’s level of productivity – widely considered as the most important determinant of long-term growth. The GCI 4.0 framework is built around 12 main drivers of productivity, or pillars: Institutions, Infrastructure; ICT adoption; Macroeconomic stability; Health; Skills; Product market; Labour market; Financial system; Market size; Business dynamism; and Innovation capability. It comprises 103 individual indicators distributed across the 12 pillars.
The Global Competitiveness Report is a flagship publication of the World Economic Forum’s Platform for Shaping the Future of the New Economy and Society. The Platform provides the opportunity to advancing prosperous, inclusive and equitable economies and societies. It focuses on co-creating a new vision in three interconnected areas: growth and competitiveness; education, skills and work; and equality and inclusion. Working together, stakeholders deepen their understanding of complex issues, shape new models and standards and drive scalable, collaborative action for systemic change.
Over 100 of the world’s leading companies and 100 international, civil society and academic organizations currently work through the Platform to promote new approaches to competitiveness in the Fourth Industrial Revolution economy; deploy education and skills for tomorrow’s workforce; build a new pro-worker and pro-business agenda for jobs; and integrate equality and inclusion into the new economy, aiming to reach 1 billion people with improved economic opportunities.
Mishal Pakistan is Pakistan’s leading strategic communication and design company. It is also the country Partner Institute of the Future of Economic Progress System Initiative, World Economic Forum. Mishal is responsible to generate primary data on more than 100 indicators measuring Pakistan’s competitiveness. Mishal’s foremost domain of activity is behavior change communication, strategic communication with a spotlight on media and perception management.

Pakistan at 115, Improves Seven Ranks on the World Economic Forum’s Global Competitiveness Report 2017-2018

Pakistan at 115, Improves Seven Ranks on the World Economic Forum’s Global Competitiveness Report 2017-2018

Pakistan improves seven ranks on the Global Competitiveness Index of the World Economic Forum. For the ninth consecutive year, Switzerland ranks as the most competitive economy in the world, United States and Singapore ranks at second and third respectively.

Pakistan's Performance on Global Competitiveness Index 2017-2018 of World Economic Forum - 27-09-2017

Islamabad/Geneva, Switzerland, 27 September 2017 – Pakistan has shown impressive performance and extraordinary recovery on key competitiveness indicators. The country has been successful in strengthening and improving its institutions and macroeconomic framework, showing stability and improvements to its global competitiveness footing.

The report is an annual assessment of the factors driving countries’ productivity and prosperity. the World Economic Forum defines competitiveness as the set of institutions, policies and factors that determine the level of productivity of a country, GCI scores are calculated by drawing together country-level data covering 12 categories – the pillars of competitiveness – that collectively make up a comprehensive picture of a country’s competitiveness.

Drawing on data going back 10 years, the report highlights in particular three areas of greatest concern. These include the financial system, where levels of “soundness” have yet to recover from the shock of 2007 and in some parts of the world are declining further. This is especially of concern given the important role the financial system will need to play in facilitating investment in innovation related to the Fourth Industrial Revolution.

Pakistan’s ranking at 115 is measured by the twelve pillars of Competitiveness. On the institutions pillar, Pakistan improved 21 ranks and stands at 90 from 111 last year. Infrastructure improved from 116 to 110, on the Macroeconomic Stability Pillar Pakistan improved 10 ranks and stands at 106.

On other pillars, among 137 countries, Pakistan ranks at Health and Primary Education 129, losing one rank from last year, Higher Education and Training improved from 123 to 120, Goods Market Efficiency 107, Labour Market Efficiency 128, Financial Market Development jumped from 107 to 96, Technological Readiness 111. Maintaining the regional competitiveness edge Pakistan ranks at 28 on the pillar of Market Size. Also showing sustained improvements on Business Sophistication the rank changed from 95 last year to 81 in 2017, while on the Innovation pillar an impressive improvement of 15 points now places Pakistan at 60 rank on the global competitiveness index. 

Amir Jahangir, Chief Executive Officer of Mishal Pakistan, the Country Partner Institute of the Global Competitiveness andBenchmarking Network of the World Economic Forum said, “Pakistan is classified as a factor driven economy, which primarily depends on improving its institutions, infrastructure, macroeconomic stability, health and primary education indicators. Pakistan has managed to resist the global crisis and has shown resilience for economic recovery. Globally countries that are competitive have shown resilience to crisis. However, the reforms agenda still remains an unfinished business”. He further said, “this year the Report also shows performance of the political government and its ability and understanding to address the competitiveness challenges.”  He also said, “the country needs to concentrate on its primary health and education to benefit from the demographic dividend it offers”. With the convergence of data and policy, Pakistan has huge potential to make an impact of globally policy making for sustainable development initiatives.

This year among 114 global competitiveness indicators, Pakistan showed improvements on 82 key indices, whereas on 20 indices the country lost its previous position. While on 12 indices Pakistan, retained its position as last year.

Competitiveness has improved across most countries in South Asia, in particular in the two Himalayan countries of Bhutan (82nd, up 15) and Nepal (88th, up 10). On a similarly positive trend, Pakistan (115th, up seven) and Bangladesh (99th, up seven) have both improved their scores across all pillars of competitiveness. Both India (40^th, down one) and Sri Lanka (85^th, down 14 ranks) had corruption and inefficient government bureaucracy as key factors for hindering progress. Upgrading ICT infrastructure and increasing ICT use remain among the biggest challenges for the region: over the past decade, South Asia has been the area where technological readiness stagnated the most.

The analysis from Mishal, the country partner institute for Pakistan also shows performance of some of the key regulatory bodies and other government institutions, which have shown progress as well. Among 138 countries the institutions are ranked as following: Intellectual Property Organization (97), Judicial Independence (80), Police Services (116), Auditor General of Pakistan Revenues (110), National Highways Authority (76), Pakistan Railways (52), Civil Aviation Authority (91), NEPRA (115), Higher Education Commission of Pakistan (116), National Vocational and Technical Training Commission (99), Competition Commission of Pakistan (70), Pakistan Customs (93), State Bank of Pakistan among other 138 Central Banks at (89), Securities and Exchange Commission of Pakistan at (91) and Trade Development Authority of Pakistan (135).

The Global Competitiveness Report 2017-2018 also identifies Corruption as the most problematic factor for doing business in Pakistan, followed by tax rates, government instability/coups and crime and thefts. 

To improve the soft-data on Pakistan, the World Economic Forum worked closely with Mishal Pakistan, the country partner institute of the Global Competitiveness and Benchmarking Network of WEF. This year a total of 526 respondents from the business community were reached out through the annual Executive Opinion Survey, whereas 236 were selected from last year and 290 from this year. The World Economic Forum reached out to more than 12,000 business leaders globally. This year Pakistan had the third largest sample size in the world after China and Mexico.

“Global competitiveness will be more and more defined by the innovative capacity of a country. Talents will become increasingly more important than capital and therefore the world is moving from the age of capitalism into the age of talentism. Countries preparing for the Fourth Industrial Revolution and simultaneously strengthening their political, economic and social systems will be the winners in the competitive race of the future,” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum.

Another key finding is that competitiveness is enhanced, not weakened, by combining degrees of flexibility within the labour force with adequate protection of workers’ rights. With vast numbers of jobs set to be disrupted as a result of automation and robotization, creating conditions that can withstand economic shock and support workers through transition periods will be vital.

The Report states that, “Despite positive development, leaders are facing major predicaments when it comes to economic policy. Uneven distribution of the benefits of economic progress, generational divides, rising income inequality in advanced economies, and increasing environmental degradation have heightened the sense that the economic policies of past years have not served citizens or society well. Coupled with growth rates that remain below historical levels, these quandaries put many prevalent models of economic growth and related policies into question. Major technological disruption and the new fault lines emerging in the global economic and political order add further uncertainty about the types of policies that will make economies future-proof. Taken together, all of these factors are challenging decision makers to find new approaches and policies to advance economic progress.”

The report also highlights on why quantitative easing and other monetary policy measures have been insufficient in reigniting long-term growth for the world’s advanced economies. The report finds that interventions by economies with comparatively low GCI scores failed to generate the same effect as those performed in economies with high scores, suggesting that strong underlying competitiveness is a key requirement for successful monetary stimulus.

The report offers insight into how priorities may be shifting for nations in earlier stages of development. While basic drivers of competitiveness such as infrastructure, health, education and well-functioning markets will always be important, data in the GCI suggests that a nation’s performance in terms of technological readiness, business sophistication and innovation is now as important in driving competitiveness and growth.

The Global Competitiveness Report’s competitiveness ranking is based on the Global Competitiveness Index (GCI), which was introduced by the World Economic Forum in 2005. The 12 pillars of Competitiveness are: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.

Key Findings:

• TEN YEARS AFTER THE CRISIS, THE FINANCIAL SECTOR IS STILL VULNERABLE 

• MORE COUNTRIES ARE ABLE TO INNOVATE, BUT THEY MUST DO MORE TO SPREAD THE BENEFITS

• THERE NEED BE NO TRADE-OFF BETWEEN LABOR MARKET FLEXIBILITY AND WORKERS’ RIGHTS

• Access full report, infographics, videos and more visit: weforum.org

Pakistan Ranks 143 Among 144 Countries on the Global Gender Gap Index of the World Economic Forum.

Pakistan Ranks 143 Among 144 Countries on the Global Gender Gap Index of the World Economic Forum.

Islamabad/Geneva - 26 October 2016 - The world is facing an acute misuse of talent by not acting faster to tackle gender inequality, which could put economic growth at risk and deprive economies of the opportunity to develop, according to the World Economic Forum’s Global Gender Gap Report 2016, which is published today.

The report is an annual benchmarking exercise that measures progress towards parity between men and women in four areas: Educational Attainment, Health and Survival, Economic Opportunity and Political Empowerment. In this latest edition, the report finds that progress towards parity in the key economic pillar has slowed dramatically with the gap – which stands at 59% – now larger than at any point since 2008.

Iceland (1) takes the top spot for the eighth consecutive year, closing more than 87% of its overall gender gap. Followed by Finland at 2nd and Norway at the 3rd place. Nordic nations continue to rank among highest performing countries, but several developing and emerging markets have also made it into the top 20; the US falls to 45th

Pakistan at (143) remains the region’s lowest-ranked country and second-to-last ranked overall. It records progress on closing the secondary education enrolment gender gap, and on women’s estimated earned income, but this is partly offset by reversals on wage equality and female-to-male literacy ratios.

Amir Jahangir, Chief Executive Officer of Mishal Pakistan, the country partner institute of the Global Competitiveness and Benchmarking Network, World Economic Forum said, “Pakistan remains one of the few countries in the world, which does not have female federal minister, whereas, there are only two state ministers at the centre”. He further said, “the provinces of Punjab, Sindh and Khyber Pakhtunkhwa, each also have only one female minister in their cabinet. Balochistan remains with no female minister in its cabinet”. Jahangir further said, “Pakistan needs to concentrate more in creating enabling environment to bring its women leaders into decision making roles, both in the public as well as private sectors”.

Pakistan’s scores on the Four Pillars of the Global Gender Gap Index has not improved much from last year. Both on the Economic Participation and Opportunity Pakistan Scores at (143) and Education Attainment (135) Pakistan has not changed from last year. On Health and Survival Pilar Pakistan has improved from 125 last year to 124 in 2016. However, on the Political Empowerment, Pakistan has been ranked at 90 as compared to 87 in 2015.

Pakistan's Performance on the Global Gender Gap Index of the World Economic Forum	Rankings 2015	Rankings 2016	Change
Economic participation and opportunity	143	143	0
Labour force participation	140	139	-1
Wage equality for similar work (survey)	88	114	26
Estimated earned income (US$, PPP)	140	138	-2
Legislators, senior officials, and managers	124	122	-2
Professional and technical workers	122	119	-3
Educational attainment	135	135	0
Literacy rate	136	138	2
Enrolment in primary education	134	127	-7
Enrolment in secondary education	124	134	10
Enrolment in tertiary education	99	1	-98 methodology change
Health and survival	125	124	-1
Sex ratio at birth	1	1	0
Healthy life expectancy	131	130	-1
Political empowerment	87	90	3
Women in parliament	72	70	-2
Women in ministerial positions	141	139	-2
Years with female head of state (last 50)	26	28	2

The World Economic Forum identifies the key data on Pakistan as; Country GDP at (US$ billions) 269.97GDP per capita (constant '11 intl. $, PPP) 4,745. The total population (thousands) 188,924.87. The Population growth rate at (%) 1.97. The Population sex ratio (female/male) at 0.95 and Human capital optimization (%) 53.10.

“These forecasts are not foregone conclusions. Instead, they reflect the current state of progress and serve as a call to action to policy-makers and other stakeholders to double down on efforts to accelerate gender equality,” said Saadia Zahidi, Head of Education, Gender and Work, and Member of the Executive Committee at the World Economic Forum.

In South Asia, with 67% of its overall gap closed, is home to two of the top 10 climbers of the world since 2006: Nepal (110) and India (87). Nevertheless, progress in closing the economic gap has been negligible and it could take over 1,000 years to close the economic gender gap fully unless efforts are accelerated.

With an average remaining gender gap of 33%, the South Asia region is the second-lowest scoring on this year’s Global Gender Gap Index, ahead of the Middle East and North Africa and behind the Sub-Saharan Africa region. Bangladesh and India are the top-ranked countries in the region, having closed just under 70% and 68% of their overall gender gap, respectively, while the lowest-ranked countries are Bhutan and Pakistan, having closed 64% and 56% of their overall gender gap, respectively. No country in the region has fully closed its Educational Attainment gender gap, and only one country, Sri Lanka, has fully closed its Health and Survival gender gap. However, the region is also home to one of the top five climbers over the past decade on the overall Index and on Educational Attainment: Nepal.



On the global front the global prospects for workplace Gender Equality has Slip to the Year 2186 now. There are several factors behind this decline; One is salary, with women around the world on average earning just over half of what men earn despite, on average, working longer hours taking paid and unpaid work into account. Another persistent challenge is stagnant labour force participation, with the global average for women standing at 54%, compared to 81% for men. The number of women in senior positions also remains stubbornly low, with only four countries in the world having equal numbers of male and female legislators, senior officials and managers, despite the fact that 95 countries now have as many – if not more – women educated at university level. In 2015, projections based on the Global Gender Gap Report data suggested that the economic gap could be closed within 118 years, or 2133. However the progress has reversed since then, having peaked in 2013.

The slow rate of progress towards gender parity, especially in the economic realm, poses a particular risk given the fact that many jobs that employ a majority of women are likely to be hit proportionately hardest by the coming age of technological disruption known as the Fourth Industrial Revolution. This “hollowing out” of female livelihoods could deprive economies further of women’s talents and increases the urgency for more women to enter high-growth fields such as those demanding STEM skills. “Women and men must be equal partners in managing the challenges our world faces – and in reaping the opportunities. Both voices are critical in ensuring the Fourth Industrial Revolution delivers its promise for society,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

Key Messages
The World Economic Forum’s Global Gender Gap Report 2016 finds economic parity between the sexes could take 170 years after a dramatic slowdown in progress
Slowdown partly down to chronic imbalances in salaries and labour force participation, despite the fact that, in 95 countries, women attend university in equal or higher numbers than men
Nordic nations continue to rank among highest performing countries, but several developing and emerging markets have also made it into the top 20; the US falls to 45th

The Methodology
The Global Gender Gap Index ranks 144 countries on the gap between women and men on health, education, economic and political indicators. It aims to understand whether countries are distributing their resources and opportunities equitably between women and men, irrespective of their overall income levels. The report measures the size of the gender inequality gap in four areas:

• Economic participation and opportunity – salaries, participation and leadership
• Education – access to basic and higher levels of education
• Political empowerment – representation in decision-making structures
• Health and survival – life expectancy and sex ratio

Index scores can be interpreted as the percentage of the gap that has been closed between women and men, and allow countries to compare their current performance relative to their past performance. In addition, the rankings allow for comparisons between countries. Thirteen out of the 14 variables used to create the index are from publicly available hard data indicators from international organizations such as the International Labour Organization, the United Nations Development Programme and the World Health Organization, and one comes a perception survey conducted by the World Economic Forum.
In this year’s report, a key methodological change relates to the cap on the estimated earned income (raised from $40,000 to $75,000) to align with the UNDP’s new methodology and reflecting the change in income levels since the report’s inception in 2006.

System Initiative on Shaping the Future of Education, Gender and Work
In addition to benchmarking gender gaps through the Global Gender Gap Report series and other topical studies, the World Economic Forum’s System Initiative on Shaping the Future of Education, Gender and Work aims to ensure that talent is developed, nurtured and deployed for maximum benefit to the economy and society by mobilizing business, governments and civil society leaders to rethink education, close skills gaps, accelerate gender parity and boost employment.

Established in 2003, Mishal has been engaged with some of the most dynamic organizations, including media enterprises and global development agencies helping them develop their communication strategies and solutions for better understanding and creating synergies with their concerned stakeholders. Mishal is the country partner institute of the Center for Global Competitiveness and Benchmarking Network of the World Economic Forum. Mishal’s research and capacity building initiatives have assisted and helped successive governments to improve Pakistan’s global ranking on competitiveness, gender gap, trade and information technology indices.

Global Competitiveness Report 2016-2017 Ranks Pakistan at 122 among 138 countries.

Global Competitiveness Report 2016-2017 Ranks Pakistan at 122 among 138 countries.

Pakistan improves four points on the Global Competitiveness Index of the World Economic Forum. For the eighth consecutive year, Switzerland ranks as the most competitive economy in the world, narrowly ahead of Singapore and the United States.

Pakistan has shown some extraordinary recovery on the economic front, where the country has been successful in improving its macroeconomic framework to improve its global competitiveness.

Pakistan is classified as a factor driven economy, which basically depends on improving its institutions, infrastructure, macroeconomic stability, health and primary education indicators. Pakistan improved from 119 to 111 on the institutions pillars, while infrastructure improved only one point and stands at 116 this year. On the Macroeconomic Stability Pillar Pakistan jumped from 128 in 2015 to 116. A solid 12 points gain, which shows the country has made economic progress on gross national savings percentage of GDP, where Pakistan improved from 115 in 2015 to 107 this year. While the government debt percentage to GDP also ranks at 95 among 138 economies in the world. The biggest gain however is in the area of inflation; annual percentage change where Pakistan moved from 127 in 2015 to 93 in 2016.

On other pillars, among 138 countries, Pakistan ranks at Health and Primary Education 128, Higher Education and Training 123, Goods Market Efficiency 117, Labour Market Efficiency 129, Financial Market Sophistication 107, Technological Readiness 119, Market Size 29, Business Sophistication 95 and Innovation 75.

Amir Jahangir, Chief Executive Officer of Mishal Pakistan, the Country Partner Institute of the Global Competitiveness and Benchmarking Network of the World Economic Forum said, “Pakistan has shown improvements on some of the key indicators to improve its global competitiveness, however the country still needs to integrate itself into the digital and cyber world. Pakistan with approx. 186 million population offers great prospects if data and knowledge-based policy making is introduced in the country”. He further said, “decision making based on big-data can enable the governments to engage their citizens in policy making and democratization of development process. In the fourth industrial revolution Pakistan can make a larger digital footprint in the cyber world, thus making its mark on the global policy making, however the country needs to equip its next generation with education and knowledge through digital services and mobile broadband”.

This year among 114 global competitiveness indicators, Pakistan showed improvements on 54 key indices, whereas on 50 indices the country lost its previous position. While 10 indices remained same as last year.
   

Pakistan at 122, ranks last amongst its South Asian neighbors, where India leads at 39 followed by Sri Lanka 71, Bhutan 97, Nepal 98 and Bangladesh at 106. South Asia continues its upward trend as competitiveness improves in most countries in the region. India has been the best performer, climbing to 39th from 55th last year. Over the past decade, the subcontinent has focused on improving overall health and primary education levels and upgrading available infrastructure, areas of particular importance given the resource-driven nature of its economy. However, the latter remains the second weakest spot in the region, just after technological readiness.

To improve the soft-data on Pakistan, the World Economic Forum closely worked with Mishal Pakistan, the country partner institute of the Global Competitiveness and Benchmarking Network of WEF. This year a total of 350 respondents from the business community were reached out through the annual Executive Opinion Survey, whereas 114 were selected from last year and 236 from this year. The World Economic Forum reached out to 14,000 business executives globally.

The report also shows performance of some of the key regulatory bodies and other government institutions, which have shown progress as well. Among 138 countries the institutions are ranked as following: Intellectual Property Organization (109), Judicial Independence (88), Police Services (118), Auditor General of Pakistan Revenues (121), National Highways Authority (77), Pakistan Railways (53), Civil Aviation Authority (91), NEPRA (121), Higher Education Commission of Pakistan (115), National Vocational and Technical Training Commission (97), Competition Commission of Pakistan (96), Pakistan Customs (113), State Bank of Pakistan among other 138 Central Banks at (101), Securities and Exchange Commission of Pakistan at (106) and Trade Development Authority of Pakistan (135). The SEC of Pakistan has been losing its global ranking at an alarming rate from 51 in 2014 to 106 this year. 

 

The report also indicates that a ten-year decline in the openness of economies at all stages of development poses a risk to countries’ ability to grow and innovate, according to The Global Competitiveness Report 2016-2017. The report is an annual assessment of the factors driving productivity and prosperity in 138 countries. The degree to which economies are open to international trade in goods and services is directly linked to both economic growth and a nation’s innovative potential. The trend, which is based on perception data from Global Competitiveness Index (GCI)’s Executive Opinion Survey, is gradual and attributed mainly to a rise in non-tariff barriers although three other factors are also taken into account; burdensome customs procedures; rules affecting FDI and foreign ownership. It is most keenly felt in the high and upper middle income economies.

“Declining openness in the global economy is harming competitiveness and making it harder for leaders to drive sustainable, inclusive growth,” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum.

The report also sheds light on why quantitative easing and other monetary policy measures have been insufficient in reigniting long-term growth for the world’s advanced economies. The report finds that interventions by economies with comparatively low GCI scores failed to generate the same effect as those performed in economies with high scores, suggesting that strong underlying competitiveness is a key requirement for successful monetary stimulus.

The report offers insight into how priorities may be shifting for nations in earlier stages of development. While basic drivers of competitiveness such as infrastructure, health, education and well-functioning markets will always be important, data in the GCI suggests that a nation’s performance in terms of technological readiness, business sophistication and innovation is now as important in driving competitiveness and growth. The Global Competitiveness Report’s competitiveness ranking is based on the Global Competitiveness Index (GCI), which was introduced by the World Economic Forum in 2005. Defining competitiveness as the set of institutions, policies and factors that determine the level of productivity of a country, GCI scores are calculated by drawing together country-level data covering 12 categories – the pillars of competitiveness – that collectively make up a comprehensive picture of a country’s competitiveness. The 12 pillars are: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation. 

 Key Findings:

• The Global Competitiveness Report 2016-2017 finds declining openness is threatening growth and prosperity.
• Monetary stimulus measures such as quantitative easing are not enough to sustain growth and must be accompanied by competitiveness reforms.
• For emerging economies, updated business practices and investment in innovation are now as important as infrastructure, skills and efficient markets.
• Switzerland, Singapore and the United States remain the world’s most competitive economies; India is the highest rising economy, climbing 16 places
• Access the full report, infographics, videos and more visit: weforum.org

The World Economic Forum in partnership with Mishal Pakistan is conducting the nationwide Executive Opinion Survey in Pakistan.

The World Economic Forum in partnership with Mishal Pakistan is conducting the nationwide Executive Opinion Survey in Pakistan. This process has started from early February and will be completed by the mid of May 2016.

The Executive Opinion Survey, “The Voice of the Business Community”, is a major component of The Global Competitiveness Report and provides the key ingredient that turns the Report into a representative annual measure of a nation’s economic environment and its ability to achieve sustained growth.

The survey gathers valuable information on a broad range of variables for which hard data sources are scarce or non-existent. This is the longest-running and most extensive survey of business conditions worldwide, capturing issues that are highly relevant to national competitiveness. These include the state of an economy’s institutions, business environment, macroeconomic environment, technological advancement, human resources, health, education and infrastructure.

Amir Jahangir, Chief Executive Officer, Mishal Pakistan notes that it is vitally important for each Survey respondent to complete the Survey assessing the country in which the executive is located and based on an international comparison. Jahangir said, Pakistan showcased improvements of three ranks by attaining the global rank of 126 in 2015 as compared to 129 in 2014 among 140 countries. It showed improvements on more than 70 indicators, as compared to 40, where it lost its global rankings.

The Executive Opinion Survey results measure the situation in the country in international comparison. Top business executives contributing to the economy of Pakistan will be surveyed to capture their opinion on the business environment in which they operate.

The Global Competitiveness Report has been the World Economic Forum’s flagship publication since 1979 and is widely recognized as the world’s leading cross-country comparison of factors affecting economic competitiveness and growth.

A sample of company executives in Pakistan will be asked to complete this important and confidential survey. The Global Competitiveness Report 2016-2017will be published in September 2016.

Mishal Pakistan is the partner institute of the Global Competitiveness and Benchmarking Networks, World Economic Forum. Mishal assists the forum in creating the soft-data on Pakistan, identifying Pakistan’s competitiveness challenges. As a partner institute Mishal has been working closely with the World Economic Forum on measuring Pakistan’s performance on multiple international indices and reports i.e. Global Competitiveness Index, Global Gender Gap Index, Global Enabling Trade Index, Global Information Technology Report – Network Readiness Index, Financial Development Index and the Travel and Tourism Competitiveness Index.

MISHAL IN COLLABORATION WITH JOURNALISM SCHOOLS TO LAUNCH KNOWLEDGE EMPOWERMENT INITIATIVES IN PAKISTAN

MISHAL IN COLLABORATION WITH JOURNALISM SCHOOLS TO LAUNCH KNOWLEDGE EMPOWERMENT INITIATIVES IN PAKISTAN.

MISHAL CELEBRATES 12 YEARS OF CREATING SHARED VALUE FOR MEDIA DEVELOPMENT AND JOURNALISM EXCELLENCE.

Islamabad, PK – 30 October, 2015 – Mishal has created a unique model in Pakistan for private businesses to play their role as social enterprises, working to improve the human security and dignity through knowledge empowerment and information management. Mishal has a vision for making knowledge as a primary resource for decision making for all its stakeholders including the policy makers, businesses and the information consumers.

Mishal’s foremost domain of activity is strategic communication with a spotlight on media development, behavior change communication, perception building and future scenario predictions using methodologies and resources that service the lifestyle and social needs of individuals, their families, the communities they live in and ultimately their larger domains.

On the twelfth anniversary of Mishal’s formation Amir Jahangir, founder and Chief Executive Officer of Mishal Pakistan said, “Our research and media development initiatives have built the capacity of thousands of journalists and media professionals across Pakistan in the last twelve years”. He further said, “Under our creating shared values initiatives, Mishal is working closely with the leading research and academic institutions to develop interventions to improve the human capital and industry standards through knowledge-based initiatives”. This involves building a network of more than fifteen journalism schools across Pakistan for human resource development in the media industry. Mishal has plans to launch journalism scholarships, research initiatives for better industry-academia linkages and gold medal recognition in research and academic excellence for the students, researchers and professionals.

Mishal Pakistan is the partner institute of the Center for International Media Ethics and in collaboration with its international partners have successfully created appreciation mechanisms for ethical and quality journalism in the country. Mishal assists the forum in creating soft-data on Pakistan, identifying Pakistan’s competitiveness challenges including primary health & education and higher education.

Mishal’s initiative of Media Credibility Index and the annual AGAHI Awards to celebrate journalism excellence have been benchmarked by international media development organizations in other countries as well. Mishal will also be expanding its initiative of the TRUST Gold Medal recognition for the best public interest communication campaigns in the country.

Mishal is the country partner institute of the Center for Global Competitiveness and Benchmarking Network of the World Economic Forum. Mishal’s research and capacity building initiatives have assisted and helped successive governments to improve Pakistan’s global ranking on competitiveness, gender gap, trade and information technology indices.

Mishal Pakistan with academicians and researchers produced a literature review in 2014 assessing an overarching complexity and trivial underlying causes that has subjugated the communities to an idealistic narrative on education. The study witnesses “Education Governance and Accountability” as the most underreported area in the media. While the literature reviewed does speak volume of increasing public spending on education little does it discuss the possible Educational Governance Models. The study identified media and policy makers’ understanding-gap in terms of the importance of education in media.

Mishal is proud to serve the citizens of Khyber Pakhtunkhwa and its representative government through the European Union assisted community driven local development (CDLD) initiatives. More than 30 experts from Mishal are building the capacity of the Khyber Pakhtunkhwa government in the Malakand division for social development and economic uplifting of the people and region.

Established in 2003, Mishal has been engaged with some of the most dynamic organizations, including media enterprises and global development agencies helping them develop their communication strategies and solutions for better understanding and creating synergies with their concerned stakeholders.

Pakistan at 141 Among 142 Countries on the Global Gender Gap Report 2014 of the World Economic Forum

Pakistan at 141 Among 142 Countries on the Global Gender Gap Report 2014 of the World Economic Forum.

The Global Gender Gap Report 2014
click to download the Report.

In nine years of measuring the global gender gap, the world has seen only a small improvement in equality for women in the workplace. According to the Global Gender Gap Report 2014, launched by the World Economic Forum, the gender gap for economic participation and opportunity now stands at 60% worldwide, having closed by 4% from 56% in 2006 when the Forum first started measuring it. Based on this trajectory, with all else remaining equal, it will take 81 years for the world to close this gap completely.

The ninth edition of the report finds that, among the 142 countries measured, Pakistan has been ranked at 141 and occupies the last place in the regional ranking. The country score has been fluctuated over the past nine years, ending with a slight improvement compared to 2006.

On the Economic Participation and Opportunity subindex Pakistan has experienced one of the highest negative percentage change relative to its 2006 score. Yet it has achieved one of the highest percentage change relative to its own 2006 score on the Educational Attainment subindex – even the score still falls below 2014 world average on that subindex. Pakistan ranks 141st on the Economic Participation and Opportunity subindex this year. It is one of the ten lowest-performing countries on all indicators of this subindex with the exception of Wage equality for similar work. Pakistan is one of the three countries with the lowest percentage of firms with female participation in ownership. Finally, the country ranks 119th on the Health and Survival subindex and 85th on the Political Empowerment subindex.

Amir Jahangir, Chief Executive Officer of Mishal Pakistan, a partner institute of the Global Competitiveness and Benchmarking Networks, World Economic Forum, said, “as compared to 2013, Pakistan’s indicators have not changed much, instead other countries have shown improvements. Gender parity and socio-economic empowerment has not been a priority for governments in Pakistan.” “The fact that, there is not a single female full minister either in federal or any of the provincial governments, is an alarming situation”, he further added.

     

On the global front, the gender gap is narrowest in terms of health and survival. This gap stands at 96% globally, with 35 countries having closed the gap entirely. This includes three countries that have closed the gap in the past 12 months. The educational attainment gap is the next narrowest, standing at 94% globally. Here, 25 countries have closed the gap entirely. While the gender gap for economic participation and opportunity lags stubbornly behind, the gap for political empowerment, the fourth pillar measured, remains wider still, standing at just 21%, although this area has seen the most improvement since 2006. 

With no one country having closed its overall gender gap, Nordic nations remain the most gender-equal societies in the world. Last year’s leading four nations – Iceland (1), Finland (2), Norway (3) and Sweden (4) – are joined by Denmark, which climbs from eighth place to fifth. Elsewhere in the top 10 there is considerable movement, with Nicaragua climbing four places to sixth, Rwanda entering the index for the first time at seventh, Ireland falling to eighth, the Philippines declining four places to ninth and Belgium climbing one place to tenth.

Further up the index, the United States climbs three places to 20 in 2014, after narrowing its wage gap and improving the number of women in parliamentary and ministerial level positions. Among the BRICS grouping, the highest-placed nation is South Africa (18), supported by strong scores on political participation. Brazil is next at 71, followed by Russia (75), China (87) and India (114).

Nine years of data from the Global Gender Gap Report – first published in 2006 – reveal the pattern of change around the world relative to countries’ own past performance and in relation to each other.

“Much of the progress on gender equality over the last 10 years has come from more women entering politics and the workforce. While more women and more men have joined the workforce over the last decade, more women than men entered the labour force in 49 countries. These are far-reaching changes – for economies and national cultures, however it is clear that much work still remains to be done, and that the pace of change must in some areas be accelerated, ” said Saadia Zahidi, Head of the Gender Parity Programme at the World Economic Forum and lead author of the report.

Progress has not been even across the four pillars of economy, politics, health and education. On educational attainment and health and survival, although many countries have already reached parity, the trend is actually reversing in some parts of the world. In fact, nearly 30% of the countries covered have wider education gaps than they did nine years ago, and over 40% of countries have wider health and survival gaps than they did nine years ago.

“Achieving gender equality is obviously necessary for economic reasons. Only those economies who have full access to all their talent will remain competitive and will prosper. But even more important, gender equality is a matter of justice. As a humanity, we also have the obligation to ensure a balanced set of values,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

The Global Gender Gap Index ranks 142 countries on the gap between women and men on health, education, economic and political indicators. It aims to understand whether countries are distributing their resources and opportunities equitably between women and men, irrespective of their overall income levels. The report measures the size of the gender inequality gap in four areas:

•    Economic participation and opportunity – salaries, participation and leadership

•    Education – access to basic and higher levels of education

•    Political empowerment – representation in decision-making structures

•    Health and survival – life expectancy and sex ratio

Index scores can be interpreted as the percentage of the gap that has been closed between women and men, and allow countries to compare their current performance relative to their past performance. In addition, the rankings allow for comparisons between countries. Thirteen out of the 14 variables used to create the index are from publicly available hard data indicators from international organizations such as the International Labour Organization, the United Nations Development Programme and the World Health Organization.

The World Economic Forum is an international institution committed to improving the state of the world through public-private cooperation in the spirit of global citizenship. It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas.

Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is independent, impartial and not tied to any interests. It cooperates closely with all leading international organizations.