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In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in January.
In 2017, Pakistan produced 26,674,000 tonnes of wheat, almost equal to all of Africa (27.1 million tonnes) and more than all of South America (25.9 million tonnes), according to the FAOSTAT. [70] In the previous market year of 2018/19, Pakistan exported a record 4.5 million tonnes of rice compared to around 4 MMT during the corresponding period ...
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[5] [20] 1st — 2 Sir Khawaja Nazimuddin. خواجہ ناظم الدین (1894–1964) 17 October 1951 17 April 1953 1 year, 182 days – Muslim League: Nazimuddin became Prime Minister of Pakistan after the assassination of Liaquat Ali Khan in 1951. [20] He left the office when Governor-General Malik Ghulam Muhammad dissolved his government ...
The country's urban population more than tripled between 1981 and 2017 (from 23.8 million to 75.7 million), as Pakistan's urbanisation rate rose from 28.2% to 36.4%. Even with this, the nation's urbanisation rate remains one of the lowest in the world , and in 2017, over 130 million Pakistanis (making up nearly 65% of the population) lived in ...
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.
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