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Not all is lost: Reaping dividends of demographic change

Not all is lost: Reaping dividends of demographic change | Energy Crises | Scoop.it

Despite fragile economic conditions, Pakistan, with 63% of its population below the age of 24, still has a golden opportunity to capitalise on the demographic dividend.

According to data compiled by the Pakistan Census Organisation, the growth in labour force has been faster than the population growth. Consequently, working-age population (15-64 years) as a percentage of total population has increased from 54% in 1998 to 60% in 2013.

At the same time, dependency ratio dropped from 0.86 to 0.75. These trends are expected to continue over the next two decades and the dependency ratio will reach the lowest by 2030.

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Govt. must share facts on IP gas pipeline project

Govt. must share facts on IP gas pipeline project | Energy Crises | Scoop.it

The Iranian oil minister’s alarming declaration last week that Tehran will likely abandon the multi-billion Iran-Pakistan (IP) gas pipeline project raises key questions about what prompted this statement, its timing and ramifications.
Two interesting developments related to the IP gas pipeline project took place in the last week. Firstly, Islamabad-based think tank, Sustainable Development Policy Institute (SDPI), reported the pricing formula in the gas sale agreement was flawed and would ‘strangle’ the national economy. It forewarned that the contract with Iran carried disastrous consequences for Pakistan economy as the gas sold will likely be several times costlier than the natural gas produced domestically. Secondly, Petroleum Minister Khaqan Abbasi asked the Iranians to fund approximately $2 billion infrastructure on the Pakistan side and remarked that in going ahead with the project Pakistan did risk facing international sanctions.

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