ISLAMABAD: Pakistan’s gold reserves increased by 20 percent during thefiscal year 2018-19 to $3.04 billion as compared to the preceding year’sreserves of $2.534 billion, the Asian Development Bank (ADB) said in areport issued on Thursday.
The annual statistical report “Key Indicators for Asia and the Pacific2020”, presents a comprehensive set of economic, financial, social, andenvironmental indicators, including for the Sustainable Development Goals(SDGs), for ADB’s 49 regional members covering the years from 2000 to 2019.
A key statistic in the report highlights how the region has become thebiggest contributor to global gross domestic product (GDP), reaching a34.9% share in 2019 from 26.3% in 2000.
“The Asia and Pacific region has made tremendous development progress overthe last two decades, becoming the biggest contributor to global GDP whilelifting millions of people out of poverty,” said ADB Chief EconomistYasuyuki Sawada. “Timely and accurate data enable us to take stock of thisprogress and areas that require further improvement. Wide access to data,especially amid the coronavirus disease (COVID-19) pandemic, will continueto contribute to the region’s progress on the path to more inclusive andsustainable development.”
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Key Indicators 2020 highlights the expanding influence of Asia and thePacific in global investment and trade. The region’s economies receivedmore than one-third of total global direct investment in 2019, while theregion’s global export share increased to 36.5% in 2019 from 28.4% in 2000.
