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Global Go To Think Tank Index (GGTTI) 2020 launched                    111,75 Think Tanks across the world ranked in different categories.                SDPI is ranked 90th among “Top Think Tanks Worldwide (non-US)”.           SDPI stands 11th among Top Think Tanks in South & South East Asia & the Pacific (excluding India).            SDPI notches 33rd position in “Best New Idea or Paradigm Developed by A Think Tank” category.                SDPI remains 42nd in “Best Quality Assurance and Integrity Policies and Procedure” category.              SDPI stands 49th in “Think Tank to Watch in 2020”.            SDPI gets 52nd position among “Best Independent Think Tanks”.                           SDPI becomes 63rd in “Best Advocacy Campaign” category.                   SDPI secures 60th position in “Best Institutional Collaboration Involving Two or More Think Tanks” category.                       SDPI obtains 64th position in “Best Use of Media (Print & Electronic)” category.               SDPI gains 66th position in “Top Environment Policy Tink Tanks” category.                SDPI achieves 76th position in “Think Tanks With Best External Relations/Public Engagement Program” category.                    SDPI notches 99th position in “Top Social Policy Think Tanks”.            SDPI wins 140th position among “Top Domestic Economic Policy Think Tanks”.               SDPI is placed among special non-ranked category of Think Tanks – “Best Policy and Institutional Response to COVID-19”.                                            Owing to COVID-19 outbreak, SDPI staff is working from home from 9am to 5pm five days a week. All our staff members are available on phone, email and/or any other digital/electronic modes of communication during our usual official hours. You can also find all our work related to COVID-19 in orange entries in our publications section below.    The Sustainable Development Policy Institute (SDPI) is pleased to announce its Twenty-third Sustainable Development Conference (SDC) from 14 – 17 December 2020 in Islamabad, Pakistan. The overarching theme of this year’s Conference is Sustainable Development in the Times of COVID-19. Read more…       FOOD SECIRITY DASHBOARD: On 4th Nov, SDPI has shared the first prototype of Food Security Dashboard with Dr Moeed Yousaf, the Special Assistant to Prime Minister on  National Security and Economic Outreach in the presence of stakeholders, including Ministry of National Food Security and Research. Provincial and district authorities attended the event in person or through zoom. The dashboard will help the government monitor and regulate the supply chain of essential food commodities.

Published Date: Jan 21, 2019

Billionaire fortunes grew by $2.5 billion a day last year as poorest saw their wealth fall –new Oxfam report

Oxfam’s global inequality report was launched at a ceremony jointly organized by Oxfam and Sustainable Development Policy Institute (SDPI), as political and business leaders gather for the World Economic Forum in Davos, Switzerland. ‘Public Good or Private Wealth’ shows the growing gap between rich and poor is undermining the fight against poverty, damaging our economies and fueling public anger across the globe. It reveals how governments are exacerbating inequality by underfunding public services, such as healthcare and education, on the one hand, while under taxing corporations and the wealthy, and failing to clamp down on tax dodging, on the other. It also finds that women and girls are hardest hit by rising economic inequality.

In his welcome remarks, Oxfam in Pakistan’s Country Director said, “The key themes of the global report are: Economic inequality; Tax – individual and corporate; Gender; Negative impact of inequality and underfunded public services; and Public services as a way for more gender equality and as a way out of the inequality crisis we are witnessing. There is a need for delivering free health care, education and other public services that also work for women and girls. In Pakistan, we should ensure social protection for all and design all services to ensure they also cater to women and girls. Iequality is a man-made disaster effecting billions of people.”

The report reveals that the number of billionaires has almost doubled since the financial crisis, with a new billionaire created every two days between 2017 and 2018, yet wealthy individuals and corporations are paying lower rates of tax than they have in decades. While twenty-six of the richest people own the same wealth as the 3.8 billion people who make up the poorest half of humanity and the super-rich hide $7.6 trillion from tax authorities depriving developing countries of $170bn a year.

During the panel discussion on inequality, renowned Economist Dr. Kaiser Bengali said, “We have created two Pakistan’s: One for the elite and another for the people. While the richest continue to enjoy booming fortunes, they also enjoy some of the lowest levels of tax. Wealth is particularly undertaxed.” Other panelists including Dr. Ikram ul Haq and Mr. Musharraf Zaidi, shared their opinions on the effects of inequality public services and education.

Speaking on global Inequality, Oxfam’s Asia Inequality Campaign Lead Mustafa Talpur said, “We are calling on governments to reduce the unpaid hours women spend taking care of their families and transform our economies to deliver universal health, education and other public services. To make this possible, the richest people and corporations should pay their fair share of tax. This will drive a dramatic reduction in the gap between rich and poor and between women and men.”

SDPI’s Executive Director Dr. Abid Suleri “Governments should listen to ordinary citizens and take set concrete, timebound targets and action plans to reduce inequality as part of their commitments under Sustainable Development Goal 10 on inequality.”

The world’s sixth most populous nation, the Islamic Republic of Pakistan has since its existence witnessed constant challenges along ethnic, religious and political interests, while concurrently displaying resilience and dynamism. Pakistan is today the 44th largest economy (GDP) and despite vast natural resources and promising conditions, the country’s human and economic potential remains largely underdeveloped.
  • Getting the richest one percent to pay just 0.5 percent extra tax on their wealth could raise more money than it would cost to educate the 262 million children out of school and provide healthcare that would save the lives of 3.3 million people.
  • Just four cents in every dollar of tax revenue collected globally came from taxes on wealth such as inheritance or property in 2015. These types of tax have been reduced or eliminated in many rich countries and are barely implemented in the developing world.
  • Tax rates for wealthy individuals and corporations have also been cut dramatically. For example, the top rate of personal income tax in rich countries fell from 62 percent in 1970 to just 38 percent in 2013. The average rate in poor countries is just 28 percent.
  • In some countries, such as Brazil, the poorest 10 percent of society are now paying a higher proportion of their incomes in tax than the richest 10 percent.
  • At the same time, public services are suffering from chronic underfunding or being outsourced to private companies that exclude the poorest people.  In many countries a decent education or quality healthcare has become a luxury only the rich can afford. Every day 10,000 people die because they lack access to affordable healthcare. In developing countries, a child from a poor family is twice as likely to die before the age of five than a child from a rich family. In countries like Kenya a child from a rich family will spend twice as long in education as one from a poor family.
 
Cutting taxes on wealth predominantly benefits men who own 50 percent more wealth than women globally, and control over 86 percent of corporations. Conversely, when public services are neglected poor women and girls suffer most. Girls are pulled out of school first when the money isn’t available to pay fees, and women clock up hours of unpaid work looking after sick relatives when healthcare systems fail. Oxfam estimates that if all the unpaid care work carried out by women across the globe was done by a single company it would have an annual turnover of $10 trillion –43 times that of Apple, the world’s biggest company.

Notes to editors

The report, methodology document explaining how Oxfam calculated the figures, and the data set is available on request. Oxfam’s calculations are based on the most up to date, comprehensive data sources available.  Figures on the share of wealth owned by the poorest half of humanity come from Credit Suisse Wealth Databook and relate to the period June 2017 –June 2018. Figures on the very richest in society are based on more detailed data from the Annual Forbes ‘Billionaires List’ and relates to the period March 2017 –March 2018. Oxfam is proud to be part of the Fight Inequality Alliance -a coalition of social movements, environmental groups, women’s rights groups, trade unions and non-governmental organizations.  The Alliance is organizing events in over 30 countries from 18-25 January, around the same time as the WEF in Davos, but will be calling on their leaders to listen to ordinary people’s demands and solutions to dealing with inequality -and not to the elites at Davos. For more information please visit www.fightinequality.org