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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.
As of December 2023, Pakistan's total external debt is $131.159 billion. [15] Pakistan owes US$7.541 billion to Paris Club, US$38.813 billion to multilateral donors, US$7.596 billion to International Monetary Fund, and US$7.8 billion to international bonds such as Eurobonds, and Sukuks. [16]
Pakistan has set a tax revenue target of 13 trillion rupees ($47 billion) for the fiscal year that began on July 1, a near-40% jump from the prior year, and a sharp drop in its fiscal deficit to 5 ...
As of Feb. 9, total liquid foreign reserves stood at $13.15 billion, having previously fallen to just $4.1 billion in June 2023. According to State Bank of Pakistan data, Pakistan requires $6.1 billion for debt servicing before the end of the fiscal year (June 30).Pakistan inflation rate will remain between 12.5-11% in June-July.
High-yield savings rates for July 1, 2024. Today’s best savings rates are at FDIC-insured digital banks and online accounts offering yields of up to 5.36% APY with a minimum $500 opening deposit ...
Image Credits: Mikal Khoso. E-commerce is a huge opportunity in Pakistan, estimated to have grown to be a $1.5 billion market in 2020. This pales in comparison to Indonesia’s e-commerce market ...
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