According to a World Inequality Database report, the top 10 per cent of Pakistani households earn 42 per cent of the country's income, while the bottom 50 per cent earn only 13 per cent. This means that the wealthiest households in Pakistan earn more than three times the income of the poores
The report says Pakistan's economy is under stress with low foreign reserves and high inflation. Activity has fallen with policy tightening, flood impacts, import controls, increased borrowing and fuel costs, low confidence, protracted policy and political uncertainty. Despite some projected
In its report 'Macro Poverty Outlook for Pakistan: April 2023', the bank noted that GDP per capita growth is estimated at -1.5 per cent in 2022-23 in comparison to 4.2 per cent in 2021-22.
About 40 per cent of the people are below the poverty line in Pakistan. Poverty is the most fertile breeding ground for terrorism as evidenced in the country. Many of the misled suicide bombers who offered their services to the Jihadi organizations were prompted to do so due to frustration,
Sitharaman said this on the first day of the second G20 Finance Ministers and Central Bank Governors meeting held in Washington DC, which she co-chaired with Reserve Bank of India's Governor Shaktikanta Das.
Residents of the remote Mugu district bordering China pointed out that Beijing's erratic trade policy is one of the key reasons for their poor quality of life.
The World Bank has forecast about four million people falling below the lower middle-income poverty line amid economic growth plummeting to just 0.4 per cent against a budgeted target of 5pc
Poverty and high rates of unemployment in Afghanistan under the Taliban rule have been pushing the natives to flee the country and move abroad in order to find jobs for survival, TOLOnews reported.
Manipur, a northeastern state which has faced its fair share of challenges, including poverty, unemployment, and conflict, is now becoming a State with a new wave of entrepreneurs.
Hansraj Singh who represented the Ajmer-based Rajasthan Samgrah Kalyan Sansthan (RSKS) during his intervention said that investing in women's economic empowerment sets a direct path towards gender equality, poverty eradication and inclusive economic growth.
A new investigation conducted by UCL academics indicates that Generation Z youngsters born into the lowest fifth of families in the UK are 12 times more likely to experience a slew of bad health and educational outcomes by the age of 17 than their more affluent classmates.
In the 52nd Session of the United Nations Human Rights Council in Geneva on Tuesday, organised by the Organisation for Poverty Alleviation and Development and European Foundation for South Asian Studies (EFSAS), experts highlighted the construction of highways, buildings and dams in Gilgit B