ET: Despite possessing 70 per cent of world energy resources and 40 per cent natural resources, the gross domestic product (GDP) of all member states of the Organisation of Islamic Cooperation (OIC) is less than that of Japan.
This was stated by Chairperson HEC Javaid Laghari while talking to Education Attachés of OIC member states, who called on him at the HEC headquarters here on Friday.
Laghari said that the contribution of OIC member states to world GDP was only eight per cent while 40 per cent of the population of these countries lived below poverty level.
He said only a paltry sum of 0.81 per cent of GDP is spent on research and development.
Categories: Asia