DOCSLIB.ORG

Change of Base of National Accounts of Pakistan Is Not So Rich

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Change of Base of National Accounts of Pakistan Is Not So Rich ASIF BAJWA Chief Statistician Pakistan Bureau of Statistics Statistics Division Government of Pakistan 21 - Statistics House, Mauve Area, G - 9/1, Islamabad, Pakistan Tel: +9251 9106515 Fax: +9251 9106561 E-mail: [email protected] , [email protected] , Website: pbs.gov.pk ARIF MAHMOOD CHEEMA Member National Accounts Pakistan Bureau of Statistics Statistics Division Government of Pakistan 21 - Statistics House, Mauve Area, G - 9/1, Islamabad, Pakistan Tel: +9251 9106517 Fax: +9251 9106516 E-mail: [email protected] , [email protected] Website: pbs.gov.pk ISBN 978 - 969 – 9888 – 00 - 7 Foreword Statistics play an important role in policy formulation and informed decision making. Economic indicators are highlighted in media more than ever. With the passage of time data sources improve, new fields emerge, and as a result the frame work needs, revisions. To cope with international standards and improved versions of the frameworks, frequent revisions are required. In the developed statistical systems five years period is considered appropriate. In developing systems the need to change the base is more emergent as the sources of data and methods of estimation are improving along with the capacities of the statistical organizations. Due to the availability of documented information more sophisticated statistical techniques are being adopted. Instead of changing the sources and methods fragmentally, the preferred method is to introduce their changes in a holistic manner so as to enable comparison with the old system. History of change of base of national accounts of Pakistan is not so rich. It remained a rather neglected activity. In 1952 the national accounts estimates were prepared from 1949 onwards at current prices. In 1962-63 the base of 1959-60 was adopted. In 1987 the base of 1980-81 was adopted. Then in 2003, the base of 1999-2000 was adopted. The rebasing was done with classifications of the 1968 SNA. The need for the change of base was realized during the 2003 and work started to have 2005-06 as the base year. The process of the latest updation of national Accounts began with the approval of a development scheme costing Rs. 283 million in 2005-2006. Work began in earnest with the commissioning of a number of surveys, census and studies during the period 2006-2010. Emphasis was laid more on census and surveys rather than on studies. During this period the SNA 2008 also become available and was adopted for use in the rebasing exercise. This helped in the rectification of errors like double counting, and valuation of omissions. Conceptual changes like exploration costs, intellectual property products, basic prices valuation, etc. have been used. Measurement of financial and insurance services through “Financial Intermediation Services Indirectly Measured (FISIM)” is a structural change now incorporated in the national accounts of Pakistan. Coverage has been enhanced. Censuses, surveys and studies are the main sources. Secondary data has been used where primary data was not available. Consultation on different subjects with the national as well as international experts resulted in the improvement of methodology and its documentation. The result is the change of base of national accounts from 1999-2000 to 2005-06 conforms to the latest methods and is based on latest data available. Conceptual references and details of methodology is a subject of special focus. This work was carried out by the highly dedicated team of National Accounts professionals at the PBS. This team was very ably supported in capacity enhancement and technical advice by the GIZ and its consultants during the entire exercise. I must also acknowledge the contribution of the Special Committee of Experts designated by the Finance Minister to review the sources and methods applied in the exercise. Advisor to the Prime Minister for Finance encouraged us to expeditiously complete and present the rebasing exercise. The Governing Council in its fourth meeting held on April 29, 2013 approved the change of base from 1999-2000 to 2005-06. The Governing Council also set up a Committee of its members to determine the time frame for the next rebasing exercise most likely to adopt 2014-15 as the base year. While I acknowledge the hard work put in by the National Accounts team of PBS, led by Mr. Arif Mahmood Cheema, Member, any short comings and mistakes are my responsibility. I would also like to request views and comments on this exercise to help PBS in next rebasing. ASIF BAJWA Chief Statistician Pakistan Bureau of Statistics (April 29, 2013) iii Acknowledgement – Team of National Accounts Mr. Arif Mahmood Cheema Member (NA) Mr. Habib ur Rehman SA Mr. Shahid Mahmood Butt DDG (NA) Mr. Umer Daraz SA Mr. I. D. Feroze Director (NA) Mr. Shaukat Shagheer Raja SA Mr. Ghulam Mustafa CSO Mr. Muhammad Zubair SA Mr. Liaqat Ali CSO Mrs. Farah Deeba SA Miss Shazia Begum CSO Mrs. Sadia Anjum SA Mr. Muhammad Younas Khattak SO Mr. Sher Ali SA Mr. Muhammad Afzal Raza SO Mr. Badshah Hayat SA Mr. Abdul Majeed SO Mr. Shakeel Ahmed Khan SA Mrs Shahida Faisal SO Mr. Muhammad Pervez SA Mr. Muhammad Saleem Bhatti SO Mr. Mohammad Rafique SA Mr. Muhammad Rafiq SO Mr. Ahmed Masood ul Hasan SA Mr. Tahir-ul-Islam SO Mr. Arshad Mahmood SA Mr. Waqar Aslam SO Mrs. Abida Parveen SA Mr. Mazhar Hussain SO Mrs. Seema Nasim SA Mrs. Hina Nousheen SO Mrs. Naeema Yousaf SO Miss Tayyaba Javeed SO Mr. Abdullah Khan SO Mr. Atif Hassan SO Acknowledgement – Team of GIZ Mr. Bernd Struck Principal Advisor Mr. Michael Wild Principal Advisor Syed Raisul Hasan Rizvi Senior Expert – National Accounts/Statistics Mrs. Suad Rizwan Technical Expert (IT) iv Preface With the documented data the reliability of the estimates improves and the estimation methodologies become refined. But it is a slow process. The national accounts had been estimated on current prices until the base was set as 1959-60 which was adopted in 1962-63. The first change of base took place in 1987 when the year 1980-81 was adopted as base year. The next change of base was adopted in 2003 setting the base as 1999-2000. The need was realized at the same time for the change of base. Year 2005-06 was declared as the new base year. Surveys were planned to evaluate major sectors / industries, studies were preferred to fill in the gaps and capture new activities. The exercise took long time. Since SNA 2008 and as a resultant ISIC Revision 4 were available, the work was planned to utilize these standards in the change of base. Accordingly PSIC 2010 was released which is parallel to ISIC rev. 4, already collected data were classified utilizing PSIC 2010 and it has been bridged where needed. COICOP, CPC version 2, COFOG have been introduced in the system, new price base and Manufacturing base have been adopted. FISIM has been incorporated for measuring the contribution of finance and insurance. Double deflation and basic prices concepts have been actualized. And this all has got the sustainability due to the adoption of the base 2005-06. A lot of dedicated efforts are behind the achievement. Thinking process inherited in the System of National Accounts was a driving force for the conceptual issues. At this point of time the services of an experienced expert of national accounts who had a long working in a developed statistical system, Mr. Bernd Struck became available. His long stay with PBS and direct observation of the local system combined with a vision of the PBS is the basis of this leap ahead. It has enriched the document in many ways. He employed latest techniques for capacity building to update the national accountants of PBS. E- learning courses on national accounts were conducted. On-the-job trainings, in-country courses, by the national experts as well as international experts, out-of-country special courses, visits to developed systems were employed. All techniques were complementing each other. The corner stone of the policy was the sustainable achievements. The contribution of Mr. Struck for the national accounts of PBS is noteworthy. He continued reviewing the draft even after his departure from Pakistan since September 2012. Let me thank him for putting his special skills in the service of national accounts of Pakistan. The support of Dr. Michael Wild after Mr. Struck was an instrumental for the completion of the document. Senior local experienced national accountants like Syed Raisul Hasan Rizvi and Mr. Shahid Mehmood Butt (DDG) have contributed heavily. Discussions with the sector specialists of the national accounts of PBS have improved the quality of the narrative and it has clarified the conversion of the SNA in to PSNA. Mr. Rais served as an institutional memory. He served in NA for more than 30 years. After retirement his support and guidance remained available up to the completion of the change of base. Un-wavering support of Mr. Asif Bajwa during his tenure as secretary statistics division and presently as a Chief Statistician of PBS has been a source of strength. His encouragement and interest in the completion of change of base remained a source of enthusiasm and inspiration for the officers and officials of national accounts. The firm support of Mr. Sohail Ahmad, Secretary Statistics Division for the continuation of the exercise was the guarantee for success. He shouldered the responsibility at a very critical time. The whole exercise is a team work. It was not possible without the inspired team. They rose to the expectation and met all standards. My heartily congratulations to all members of the team, specially to the senior members like Mr. Majeed, Mr. Liaqat, Mr. Younis Khattak, Mr. Afzal Raza, Ms.
Load more

Recommended publications
  • Assessing the Potential for Large-Scale Agricultural Crop and Livestock Insurance in Punjab Province, Pakistan
    A FEASIBILITY STUDY ASSESSING THE POTENTIAL FOR Public Disclosure Authorized LARGE-SCALE AGRICULTURAL CROP AND LIVESTOCK INSURANCE IN PUNJAB PROVINCE, PAKISTAN Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized JUNE 2018 43128_Punjab_CVR.indd 3 12/4/18 8:56 AM A FEASIBILITY STUDY ASSESSING THE POTENTIAL FOR LARGE-SCALE AGRICULTURAL CROP AND LIVESTOCK INSURANCE IN PUNJAB PROVINCE, PAKISTAN June 2018 43128_Punjab Crop Insurance.indd 1 12/27/18 9:46 AM 43128_Punjab Crop Insurance.indd 2 12/27/18 9:46 AM CONTENTS Acknowledgments . xi Acronyms and Abbreviations . xiii Executive Summary . xv Chapter 1 Introduction and Objectives of the Study . 1 1 1. The Importance of Agriculture and Agricultural Growth in Punjab . 1 1 .2 . Climatic Risks to Crop and Livestock Production in Punjab . .3 1 .3 . Agricultural Insurance for Crops and Livestock in Pakistan . 3 1 .4 . The SMART Punjab Program to Transform Agriculture . .4 1 .5 . Government of Punjab Request to the World Bank Group for Technical Assistance . 4 1 6. Scope and Objectives of This Feasibility Study . .5 1 7. Organization of This Report . .5 Chapter 2 Key Features of Agriculture in Punjab and the Agricultural Impacts of Climatic and Natural Disasters . 7 2 1. A Densely Populated Province Where Small Farms Predominate . .7 2 .2 . Crop and Livestock Production in Punjab . 9. 2 .3 . Access to Agricultural Credit . .13 2 .4 . Exposure of Agriculture to Climatic and Natural Disasters . 14 Chapter 3 Agricultural Insurance Provision and Natural Disaster Relief Programs in Punjab . 23 3 1. Crop Insurance . .23 3 .2 . Livestock Insurance Scheme for Borrowers .
    [Show full text]
  • Intergovernmental Fiscal Transfers in Asia: Current Practice and Challenges for the Future
    Intergovernmental Fiscal Transfers in Asia: Current Practice and Challenges for the Future Edited by: Paul Smoke and Yun-Hwan Kim Foreword In recent years, the issue of intergovernmental fiscal transfers has re- ceived increasing attention among policymakers for various reasons. These include (i) disparity in delivery of social services between regions, (ii) economic gap between growth centers and lagging areas, and (iii) progress in economic and political decentralization. While strengthening institutions, functions, and finances of state/local governments is becoming increasingly important, devel- oping a more productive and equitable intergovernmental transfer scheme has likewise become a priority issue. The issue of allocating national resources to local communities has been a major policy agenda as subnational governments play a stronger role in carrying out socioeconomic policies. For a long time, the governments in the Asia-Pacific region have made enormous efforts to minimize distortions and defects in the countries’ fiscal transfer schemes. However, existing disparities in production growth, fiscal bases, and the extent of public services call for greater governmental interven- tions including a reform in central-state fiscal relations. An expeditious reform aimed at addressing the underlying fiscal and economic imbalances and ensur- ing equitable delivery of public services across states would place powerful impetus to the long-term socioeconomic progress. The new focus on the greater fiscal role by local governments has been
    [Show full text]
  • At the Hands of Fate: the Political Economy of Islamic Insurance in Indonesia, Malaysia, and Pakistan, C
    Old Dominion University ODU Digital Commons Graduate Program in International Studies Theses & Dissertations Graduate Program in International Studies Summer 2019 At the Hands of Fate: The Political Economy of Islamic Insurance in Indonesia, Malaysia, and Pakistan, C. 1980 to the Present Muhammad S. Rahman Old Dominion University, [email protected] Follow this and additional works at: https://digitalcommons.odu.edu/gpis_etds Part of the Asian Studies Commons, International Relations Commons, Near and Middle Eastern Studies Commons, and the Political Economy Commons Recommended Citation Rahman, Muhammad S.. "At the Hands of Fate: The Political Economy of Islamic Insurance in Indonesia, Malaysia, and Pakistan, C. 1980 to the Present" (2019). Doctor of Philosophy (PhD), dissertation, International Studies, Old Dominion University, DOI: 10.25777/391r-ej57 https://digitalcommons.odu.edu/gpis_etds/112 This Dissertation is brought to you for free and open access by the Graduate Program in International Studies at ODU Digital Commons. It has been accepted for inclusion in Graduate Program in International Studies Theses & Dissertations by an authorized administrator of ODU Digital Commons. For more information, please contact [email protected]. AT THE HANDS OF FATE: THE POLITICAL ECONOMY OF ISLAMIC INSURANCE IN INDONESIA, MALAYSIA, AND PAKISTAN, C. 1980 TO THE PRESENT by Muhammad S. Rahman B.A. May 2005, Gadjah Mada University, Indonesia M.A. August 2010, University of Groningen, the Netherlands A Dissertation Submitted to the Faculty of Old Dominion University in Partial Fulfillment of the Requirements for the Degree of DOCTOR OF PHILOSOPHY INTERNATIONAL STUDIES OLD DOMINION UNIVERSITY August 2019 Approved by: Francis Adams (Director) David Earnest (Member) David Selover (Member) ABSTRACT AT THE HANDS OF FATE: THE POLITICAL ECONOMY OF ISLAMIC INSURANCE IN INDONESIA, MALAYSIA, AND PAKISTAN, C.
    [Show full text]
  • Factors Affecting Financial Performance of Insurance Industry
    2019-2961-AJBE 1 Factors affecting Financial Performance of Insurance 2 Industry in Pakistan 3 4 5 This study investigated the indicators of financial performance of insurance companies of 6 Pakistan. Gross written premium (GWP), Claim (CLM), Reinsurance (Rei), Management 7 expenditure (MGE), Interest rate (IR), Size (SIZ), Leverage (LEV), Real GDP (RGDP) 8 were taken as factors (independent variables), whereas Sales Profitability (SAP), 9 Investment Income (INP), and Underwriting profit (UWP) were taken as proxy of 10 financial performance. Data of five 5 insurance companies are chosen covering the period 11 of 2013-2017. Data was analyzed using panel regression. Findings showed that the gross 12 written premium has the significant impact on all three measure of profitability. The 13 further size of the company has a negative impact on sales and investment profit. In 14 addition, the claims, reinsurance, GDP, interest rate and management expenses have an 15 insignificant relationship with all three profitability measures. Hence, in order to improve 16 operational and financial performance of the insurance industry in Pakistan, more focus 17 should be given to factors that could increase premium. 18 19 Keywords: Assessment, Financial Performance, financial services, Financial 20 stability, Growth, Insurance, Pakistan 21 22 23 Introducion 24 25 Background of the Research 26 27 In any country financial performance of any sector serves as a backbone of 28 economic growth and industrialization of the country. Insurance sector has its own 29 importance because it is responsible to provide proficient financial aid, channel 30 funds, utilization of resources in optimal manner and investor’s treatment.
    [Show full text]
  • National Health Accounts Pakistan 2005-06
    National Health Accounts Pakistan 2005-06 Government of Pakistan Statistics Division Federal Bureau of Statistics Tariq Shafiq Khan Secretary Government of Pakistan Ministry of Economic Affairs & Statistics Statistics Division SLIC Building 5, F 6/4, Blue Area, Islamabad. Tel: 051-9211406/9205287 Fax: 051-9220747 Website: www.statpak.gov.pk E-mail: [email protected] [email protected] Abdul Hakeem Makhdoom Director General Federal Bureau of Statistics SLIC Building 5, F 6/4, Blue Area, Islamabad. Tel: 051-9208489/9260033 Fax: 051-9203233/2250894 Website: www.statpak.gov.pk E-mail: [email protected] II FEDERAL BUREAU OF STATISTICS Location: STATE LIFE INSURANCE CORPORATION BUILDING BLUE AREA, F-6/4, ISLAMABAD PABX # 051-9261596 - 8 Website: www.statpak.gov.pk E-mail: [email protected] Name Position Office Residence Mr. Abdul Hakeem Makhdoom Director General 051-9208489 051-4445659 051-9260033 Fax: 051-9203233 Fax: 051-2250894 Mr. Muhammad Afzal Arain Deputy Director General (DP) 051-9261614 051-4441103 Mr. Arif Mehmood Cheema Deputy Director General (NA) 051-9203162 051-4449289 Fax: 051-9206284 Mr. Munir Ahmad Aslam Deputy Director General (LFS/SS) 051-9262447 051-4447403 Mr. Ijaz Hussain Director (DP) 051-9261703 051-2522459 Mr. Habib Ullah Khan Director (Prices/Corrd.) 051-9208247 051-9237459 Mr. Muhammad Ajmal Director (EM) 051-9261247 Mr. Khuda Bakhsh Shakir Director (DP/FS) 051-9261994 051-9266094 Mr. Muhammad Ishaque Rana Director (CMI) 051-9263293 051-5958407 Mr. Muhammad Nisar Ahmed Director (SS) 051-9260917 051-9235264 Mr. Dost Muhammad Director (DP) 051-9260936 051-4830125 Fax: 051-9263209 Mr.
    [Show full text]
  • Universal Health Coverage Assessment Pakistan Muhammad Ashar Malik Aga Khan University, [email protected]
    eCommons@AKU Community Health Sciences Department of Community Health Sciences December 2015 Universal health coverage assessment Pakistan Muhammad Ashar Malik Aga Khan University, [email protected] Follow this and additional works at: http://ecommons.aku.edu/pakistan_fhs_mc_chs_chs Part of the Health Services Administration Commons Recommended Citation Malik, M. A. (2015). Universal health coverage assessment Pakistan. Universal Health Coverage Assessment Pakistan. Available at: http://ecommons.aku.edu/pakistan_fhs_mc_chs_chs/203 Universal Health Coverage Assessment: Pakistan Universal Health Coverage Assessment Pakistan Muhammad Ashar Malik Global Network for Health Equity (GNHE) December 2015 1 Universal Health Coverage Assessment: Pakistan Universal Health Coverage Assessment: Pakistan Prepared by Muhammad Ashar Malik1 For the Global Network for Health Equity (GNHE) With the aid of a grant from the International Development Research Centre (IDRC), Ottawa, Canada December 2015 1Community Health Sciences Department, Aga Khan University, Karachi, Pakistan 2 Universal Health Coverage Assessment: Pakistan Introduction Key health care expenditure This document provides a preliminary assessment of the indicators Pakistani health system relative to the goal of universal This section examines overall levels of health expenditure in health coverage, with a particular focus on the financing Pakistan and identifies the main sources of health financing system and related aspects of provision. (Table 1).2 In 2012, total health expenditure accounted for a very low 2.7% of the country’s Gross Domestic Product (GDP). In the 2010 World Health Report, universal health coverage This was half the average of 4.5% for other lower-middle-income is defined as providing everyone in a country with financial countries and less than a third of the global average of 9.2%.
    [Show full text]
  • Chapter 7 Pakistan
    Chapter 7 Pakistan By Woong Lee and Chankwon Bae Introduction and objective This chapter discusses a comprehensive study on the possible strategies of membership expansion under APTA as a potent mechanism for regional cooperation and integration in Asia and the Pacific. In particular, the study analyses the benefits for Pakistan in acceding to APTA as well as the benefits for the Participating States of APTA. Finally, using the results from various empirical analyses, this chapter provides policy recommendations for formulating a strategy for the Participating States of APTA in extending membership to Pakistan. A. Overview of the economy of Pakistan 1. Macroeconomic performance According to the International Monetary Fund (IMF),1 as of 2014, the Pakistani economy was the forty-third largest in the world at approximately $220 billion in terms of nominal gross domestic product (GDP), and the twenty-sixth largest at $882 billion based on purchasing power parity (PPP) valuation. Pakistan’s population of approximately 186 million makes it the sixth largest in the world. In 2014, the GDP per capita was $1,342, ranking it at 152 in the world, while the ranking for GDP per capita in terms of PPP, at $4,736, was 134. Pakistan is a developing country, but is one of the Next Eleven,2 comprising 11 countries that have the potential to be one of the largest economies in the world, together with the BRIC country grouping (Brazil, Russian Federation, India and China), in the twenty-first century. Pakistan’s growth was relatively strong in the 1980s, with an annual GDP growth rate of 6.6%.
    [Show full text]
  • People's Attitude Towards Life Insurance in Pakistan
    ISSN 2039-2117 (online) Mediterranean Journal of Social Sciences Vol 6 No 3 S2 ISSN 2039-9340 (print) MCSER Publishing, Rome-Italy May 2015 People’s Attitude Towards Life Insurance in Pakistan Muhammad Farooq Assistant Professor, Department of Sociology , Government College University Faisalabad Muhammad Roman Mphil Scholar, Department of Sociology, Government College University Faisalabad Naeem Mohsin Associate Professor, Department of Education, Government College University, Faisalabad Fara Riaz Lecturer, Institute of Rural Home Economics, University of Agriculture Faisalabad Haq Nawaz Anwar Chairperson, Department of Sociology, Government College University Faisalabad Doi:10.5901/mjss.2015.v6n3s2p305 Abstract The present study was designed to measure the people’s attitude toward life insurance. This study also explores why the people of Pakistan are reluctant to purchase the policy as a tool to accommodate their financial necessities in their rainy days, and also exposed the important factors behind the smaller ratio of life insurance policies despite of its significance and fringe benefits. The ratio of policy holders in Pakistan was found so small when researcher compared it to the other developed countries. The statistics regarding life insurance portrayed a very little ratio of policy holders even among developing countries. There are some traditional, cultural, and religious causes involved behind the low rate of policy owners in Pakistan. The present research examines the behavior of staff of the insurance company which is considered as a barrier by the community to purchase the policy. Such considerable factors encompassing the whole study analyzed through the quantitative data collected from the insurance company staff, and policy holders in Faisalabad city.
    [Show full text]
  • Options-To-Strengthen-Disaster-Risk
    Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized in Pakistan RiskFinancing Disaster Strengthen to Options PHOTO BY: SHUTTERSTOCK.COM/IFTEKKHAR OPTIONS TO STRENGTHEN DISASTER RISK FINANCING IN PAKISTAN 2 BANK WORLD BY: PHOTO Acknowledgements The paper was prepared by the World Bank team consisting of Samantha Cook (Senior Financial Sector Specialist), Ahsan Tehsin (Disaster Risk Management Specialist), Tatiana Skalon (Disaster Risk Finance Consultant), Nasreen Rashid (Consultant), Ditte Fallesen (Senior Operations Office), and Bilal Khalid (Disaster Risk Management Analyst). The team is grateful to the Government of Pakistan especially the National Disaster Management Authority, Ministry of Finance, Securities and Exchange Commission of Pakistan, the Insurance Association, the provincial governments of Pakistan, and the National Disaster Risk Management Fund for their feedback to this paper. The paper benefitted greatly from the peer reviewers - Vica Rosario Bogaerts (Senior Disaster Risk Management Specialist) and Ilias Skamnelos (Lead Financial Sector Specialist); as well as additional comments and guidance received from Nabila Assaf (Practice Manager), Olivier Ma- hul (Practice Manager) and Priyani Malik (Senior Country Officer). This paper was developed with financial support from the Department for International Devel- opment of the United Kingdom through its Disaster Protection Program implemented by the World Bank’s Disaster Risk Financing and Insurance Program. OPTIONS
    [Show full text]
  • Agricultural Insurance in Asia and the Pacific Region
    viii RAP PUBLICATION 2011/12 Agricultural insurance in Asia and the Pacific region Food and Agriculture Organization of the United Nations Regional Office for Asia and the Pacific Bangkok, 2011 i The designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations (FAO) concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The mention of specific companies or products of manufacturers, whether or not these have been patented, does not imply that these have been endorsed or recommended by FAO in preference to others of a similar nature that are not mentioned. The views expressed in this information product are those of the author(s) and do not necessarily reflect the views of FAO. All rights reserved. FAO encourages reproduction and dissemination of material in this information product. Non-commercial uses will be authorized free of charge, upon request. Reproduction for resale or other commercial purposes, including educational purposes, may incur fees. Applications for permission to reproduce or disseminate FAO copyright materials, and all other queries concerning rights and licences, should be addressed by e-mail to [email protected] or to the Chief, Publishing Policy and Support Branch, Office of Knowledge Exchange, Research and Extension, FAO, Viale delle Terme di Caracalla, 00153 Rome, Italy. © FAO 2011 ISBN 978-92-5-106929-5 For copies write to: Rosa S. Rolle FAO Regional Office for Asia and the Pacific Maliwan Mansion, 39 Phra Atit Road Bangkok 10200 THAILAND Tel: (+66) 2 697 4194 Fax: (+66) 2 697 4445 E-mail: [email protected] ii Foreword Asia and the Pacific region has one of the highest exposures of any region in the world to natural hazards including typhoons, floods, landslides, droughts, earthquakes, volcanic eruptions and tsunamis.
    [Show full text]
  • Willingness to Purchase Health Insurance in Pakistan
    Population & Health Working Paper Series PIDE-CPHSP-3 Willingness to Purchase Health Insurance in Pakistan Ajmal Jahangeer Rizwan ul Haq PA K I S TA N I N S T I T U T E O F D E V E L O P M E N T E C O N O M I C S Population & Health Working Paper Series PIDE-CPHSP-3 Willingness to Purchase Health Insurance in Pakistan Ajmal Jahangeer Pakistan Institute of Development Economics, Islamabad and Rizwan ul Haq Pakistan Institute of Development Economics, Islamabad PAKISTAN INSTITUTE OF DEVELOPMENT ECONOMICS ISLAMABAD 2015 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means—electronic, mechanical, photocopying, recording or otherwise—without prior permission of the Publications Division, Pakistan Institute of Development Economics, P. O. Box 1091, Islamabad 44000. © Pakistan Institute of Development Economics, 2015. Pakistan Institute of Development Economics Islamabad, Pakistan E-mail: [email protected] Website: http://www.pide.org.pk Fax: +92-51-9248065 Designed, composed, and finished at the Publications Division, PIDE. CONTENTS Page Abstract v Background 1 Research Aims and Objective 3 Literature Review 4 Demand for Health Insurance—Theoretical Framework 5 Methods of Analysis 6 Data Source 6 Methodology 7 Results 7 Demographic Composition 9 Education and Awareness on Health Insurance 10 Illness Profile of Household 10 Household Economic Status 11 Household Health Expenditure 11 Household Size 12 Place of Residence 12 Insurance Coverage and Premium 12 Illness Profile of Households, Insurance Coverage and Premium 14 Coinsurance and Deductible 14 Type of Illness and Health Care Services and Health Care Providers 15 Financing of Insurance Premium 15 Reasons for Lack of Willingness 15 Insurance Coverage and Premium by Household Characteristics 15 Regression Results 18 Conclusions and Policy Implications 20 References 21 Page List of Tables Table 1.
    [Show full text]
  • Annual Report 2020
    Annual Report 2020 Our business is a symmetric, interconnected, complex network, stronger than the sum of its individual parts, evolving over time to be bigger, better and more efficient. Our ethos combines imagination, hard work, intelligence, data and innovation at high levels of congruency to build a dominion of excellence and success. Table of Contents Company Information Executive Director in other Companies 66 Vision, Mission and Core Values 2 Investor Grievance Policy 66 2020 in Review 3 IT Governance Framework 67 CEO’s Message 4 Annual Evaluation of Board's Performance 67 Board of Directors 6 Performance Review of the CEO 67 Management Team 7 Chairman's Review Report 68 Company Profile 8 Audit Committee Report 69 Window Takaful Operations 21 Pandemic Recovery Plan by the Geographical Presence 22 Management and policy statement 70 Product Portfolio 23 Directors’ Report 71 SWOT Analysis 24 Management responsibilities towards Pestel Analysis 25 Financial Statements 81 Porter’s 5 Forces 26 Pattern of Shareholding 82 Significant Changes from Prior Years 27 Category of Shareholding 83 Calendar of Major Events During the Year 28 Other Information 29 Compliance with Code of Corporate Governance Stakeholders’ Information Independent Auditor’s Review Report 84 Horizontal Analysis 30 Statement of Compliance with the Vertical Analysis 31 Code of Corporate Governance 85 Cash Flow Analysis 32 DuPont Analysis 33 Management Review and Representation Ratio Analysis 34 Sustainability Agenda 90 Comments on Key Financial Data 36 Management Objectives,
    [Show full text]