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Poverty in Pakistan. Poverty in Pakistan has been recorded by the World Bank at 39.3% using the lower middle-income poverty rate of US$ 3.2 per day for the fiscal year 2020–21. [1] In September 2021, the government stated that 22% percent of its population lives below the national poverty line [2] set at Rs. 3030 (US$10) per month.
Amid these economic dynamics, Pakistan underwent a structural transition. The GDP share of agriculture declined from 53% in 1947 to 21.2% in 2010, while the GDP share of industry rose from 9.6% in 1949–50 to 25.4% in 2010. Additionally, the GDP share of the services sector increased from 37.2% in 1950 to 53.4% in 2010.
The incumbent government of Pakistan under Prime Minister Imran Khan has presented its third budget for the Fiscal Year 2021-22. This budget has a value of Rs8.49 trillion, an increase of Rs700 billion over the last budget, and a GDP growth rate target of 4.8 percent. The 2021-22 budget is important as the country has presented positive ...
Indus River Delta. Agriculture is considered the backbone of Pakistan's economy, which relies heavily on its major crops. [1] Pakistan's principal natural resources are arable land and water. Agriculture accounts for about 18.9% [2] of Pakistan's GDP and employs about 42.3% of the labour force. The most agricultural province is Punjab where ...
Best CD rates for July 5, 2024. Today's best rates of return are found at FDIC-insured digital banks and online accounts — up to 5.40% APY with minimum deposits at NexBank, Lending Club and ...
The United States Congress voted to cut 33 million dollars in aid to Pakistan: 1 million dollars for every year that Shakil Afridi was sentenced to prison. The role of Dr. Afridi was exposed by the British newspaper The Guardian in July 2011. CIA's fake vaccination campaign in turned greatly harmed Pakistan polio vaccine drive in the tribal areas.
At the conclusion of its fourth rate-setting policy meeting of 2024 on June 12, 2024, the Federal Reserve kept the federal funds target interest rate steady at a 23-year high of 5.25% to 5.50% ...
Pakistan had a population of 241,492,197 according to the final results of the 2023 Census. [3] [4] [5] This figure includes Pakistan's four provinces e.g. Punjab, Sindh, KPK, Balochistan and Islamabad Capital Territory. AJK and Gilgit-Baltistan's census data is yet to be approved by CCI Council of Pakistan. Pakistan is the world's fifth most ...
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