Asia-Pacific is the world’s most rapidly ageing region, but are we ready? 

11:52 AM | 1 Oct, 2021
Asia-Pacific is the world’s most rapidly ageing region, but are we ready? 

Imagine it is the year 2050. In Asia-Pacific, one in four people will be over the age of 60; three times the number of older persons in 2010. With close to 1.3 billion senior citizens in less than 30 years from now, are countries in the region prepared to fully address the needs of older persons so that they age with dignity?

Let’s rewind 

Today, 72-year old Ping sells three kilos of sticky rice each day in her remote village in a Southeast Asian country, earning barely enough for a basic living. She’s been doing this for more than 10 years, ever since her husband passed away. Her son died two months ago, and her two daughters have married and moved to another province. Ping gets some consolation from the health insurance she is entitled to, as maintaining good health during her old age is her main concern.

Back in the day, Ping and other women in numerous countries across Asia-Pacific may have been supported by their families and communities. Yet, times are changing. Migration and urbanization have shifted traditional support systems for the elderly, and more and more governments are grappling with increasing healthcare costs and a shrinking workforce. While less than a third of older persons in the region currently receive a pension of some sort, pension payments are increasing as the older population increases, straining governments further. 

More than ever there is an urgent need for policy reform in addressing population ageing. This must be driven by a shift in mindset to convert the challenges into a demographic opportunity. 

Population ageing is not a threat, but an opportunity 

We must rethink population ageing, celebrating it as the triumph of development that it truly is. More and more people are living longer due to the result of successive advancements in health, nutrition, economic and social well-being. 

Along with longer life expectancy, couples are having fewer babies. This is due to a variety of reasons such as challenges couples face in striking a work-life balance to not being able to afford to have more children. However, low fertility and longer life expectancy are not the problems. The real problem is not being ready to face this rapidly changing demographic shift. 

This is why governments must act now. Policymakers must work together with academia and civil society to incorporate rights-based ageing policies and systems into national development plans. While some countries in Asia-Pacific have already taken steps, an implementation must be strengthened, particularly within the contexts of COVID-19 and escalating humanitarian crises that increase the vulnerabilities of older persons.

Adopting a life-cycle approach with gender equality at the core

In Asia-Pacific, with more than half of the older population being women, it is crucial to adopt a life-cycle approach to population ageing, grounded in gender equality and human rights. 

Life-long gender discrimination leaves women even more disadvantaged in an ageing society. Older women are often more financially dependent than older men due to generally lower education levels and unpaid work, having often carried the burden of being the family caregiver. 

Investing in each stage of life, starting from before a girl is born, determines the path of her life course. When a woman is able to safely deliver her baby, this, in turn, improves the long-term health of both mother and child. When a girl has access to quality education, including comprehensive sexuality education, it helps her make informed decisions about life-changing matters as she transitions from childhood to adolescence and on to adulthood. When a woman has equal opportunity to contribute to the workforce and has bodily autonomy, she has the power to shape her own future. 

The decisions she makes and is allowed to make, at every stage of her life, paves the way towards a healthier and more financially secure silver age. 

There is little time to lose

We need to take action now. The megatrend of rapid demographic shifts is altering Asia-Pacific and our entire world. 

This is why the years 2020-2030 have been declared the UN Decade for Healthy Ageing, complementing the Madrid International Plan of Action for Ageing (MIPAA) whose 20th anniversary next year will bring together governments in Asia-Pacific, and globally, to review progress made and better plan for the challenges ahead.

While there is no single comprehensive policy that can address population ageing, we must invest in forward-thinking, rights-based and gender-sensitive policies that focus on the needs of people at every age of their life. In so doing, countries in the Asia-Pacific region can aspire to, and achieve, a better future for all, where no one is left behind.


Pakistani rupee remains stable against US Dollar, Euro, Pound, Riyal and Dirham; Check forex rates

Pakistani rupee remained stable against the US dollar, and other currencies in the open market on Friday.

Dollar Rate in Pakistan Today

On Friday, the US dollar remained stable and was being quoted at 283.2 for buying and 286.15 for selling.

Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.

Today's currency exchange rates in Pakistan - 8 December 2023

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 283.2 286.15
Euro EUR 308 311
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.4 78.1
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 757.23 765.23
Canadian Dollar CAD 209 211
China Yuan CNY 39.89 40.29
Danish Krone DKK 41.19 41.59
Hong Kong Dollar HKD 36.41 36.71
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.39 1.45
Kuwaiti Dinar KWD 921.71 930.71
Malaysian Ringgit MYR 61.02 61.62
New Zealand Dollar NZD 174.54 176.54
Norwegians Krone NOK 26.05 26.35
Omani Riyal OMR 739.62 747.62
Qatari Riyal ‎QAR 78.22 78.92
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.12 27.42
Swiss Franc CHF 324.94 327.44
Thai Bhat THB 8.06 8.21

Gold prices in Pakistan increase; Check out latest rates here

Gold price in Pakistan increased as the yellow metal witnessed an upward trend in the international market.

Gold Rates in Pakistan Today - 8 December 2023

On Friday, the price of a single tola of 24-karat gold stands at Rs217,400 and 10 grams of 24k gold costs Rs186,390.

Single tola of 22 Karat Gold costs Rs199,282, 21 karat rate for per tola is Rs190,225 and 18k gold rate is Rs163,050 each tola.

In the global market, gold prices hover at around $2026, gaining $8.30 on Friday.

Today Gold Rate in Pakistan

Today Gold Price in Pakistan (8 December 2023)

City Gold Silver
Lahore PKR 217,400 PKR 2,583
Karachi PKR 217,400 PKR 2,583
Islamabad PKR 217,400 PKR 2,583
Peshawar PKR 217,400 PKR 2,583
Quetta PKR 217,400 PKR 2,583
Sialkot PKR 217,400 PKR 2,583
Attock PKR 217,400 PKR 2,583
Gujranwala PKR 217,400 PKR 2,583
Jehlum PKR 217,400 PKR 2,583
Multan PKR 217,400 PKR 2,583
Bahawalpur PKR 217,400 PKR 2,583
Gujrat PKR 217,400 PKR 2,583
Nawabshah PKR 217,400 PKR 2,583
Chakwal PKR 217,400 PKR 2,583
Hyderabad PKR 217,400 PKR 2,583
Nowshehra PKR 217,400 PKR 2,583
Sargodha PKR 217,400 PKR 2,583
Faisalabad PKR 217,400 PKR 2,583
Mirpur PKR 217,400 PKR 2,583


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