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LAHORE, Oct 27 (APP):Former SAARC Chamber of Commerce and Industry President Iftikhar Ali Malik has said that women’s participation in the workforce remains underutilized in South Asia, where social norms, inadequate support systems, and limited access
to education and training prevent the majority from contributing economically.
In a statement issued here on Sunday, an octogenarian trade leader of South
Asia said by addressing these barriers, the region could potentially boost its
GDP significantly.
He said gender parity in employment could increase productivity, reduce poverty,
and lead to better outcomes in health and education, ultimately contributing to more
resilient societies. Providing women with equal access to opportunities and ensuring
policies that support work-life balance, parental leave, and safe work environments
could create an environment where both men and women thrive in the workforce.
By advancing in both these areas, South Asia could create a more inclusive and
prosperous economy. Empowering women economically and fostering international
trade and investment pave the way for sustainable growth, improved living standards,
and progress toward regional development goals. With focused reforms, the region
could unlock tremendous growth, benefiting not just economies but entire communities,
he added.
Iftikhar Malik said at the same time, opening further to global trade and investment
offers South Asia substantial opportunities for growth. Increasing openness not only
attracts foreign direct investment (FDI), which brings capital and technology, but also
encourages domestic industries to become more competitive. He said through trade
liberalization, countries can tap into global markets and enhancing their economic
dynamism. Integrating with the global economy supports innovation and raises
productivity, as companies adapt to international standards and practices, he added.