Govt claims rich, poor disparity declines
June 29, 2021
ISLAMABAD: The Ministry of Finance on Monday stated that the disparity between the rich and the poor has declined in Pakistan on the basis of the latest official survey.
The ministry claimed that the provisional growth figures of 3.94 per cent released by the Pakistan Bureau of Statistics (PBS) in May 2021 may exceed in the back of strong expansion in industrial activity. The monthly economic update and outlook released by the ministry stated that the Planning Commission assessed that poverty has declined in Pakistan.
The Gini coefficient is used to measure the incidence of income inequality. It is observed that the value of Gini coefficient also decreased from 0.326 in FY2016 to 0.303 in FY2019, which shows that the disparity between the rich and the poor has declined. In rural areas, the Gini coefficient has declined from 0.266 in FY2016 to 0.248 in FY2019, whereas in urban areas, inequality also decreased from 0.356 in
June 29, 2021
ISLAMABAD: The Ministry of Finance on Monday stated that the disparity between the rich and the poor has declined in Pakistan on the basis of the latest official survey.
The ministry claimed that the provisional growth figures of 3.94 per cent released by the Pakistan Bureau of Statistics (PBS) in May 2021 may exceed in the back of strong expansion in industrial activity. The monthly economic update and outlook released by the ministry stated that the Planning Commission assessed that poverty has declined in Pakistan.
The Gini coefficient is used to measure the incidence of income inequality. It is observed that the value of Gini coefficient also decreased from 0.326 in FY2016 to 0.303 in FY2019, which shows that the disparity between the rich and the poor has declined. In rural areas, the Gini coefficient has declined from 0.266 in FY2016 to 0.248 in FY2019, whereas in urban areas, inequality also decreased from 0.356 in FY2016 to 0.328 in FY2019, showing the dispa
Disparity between rich and poor declines
June 29, 2021
ISLAMABAD: The Ministry of Finance on Monday stated that the disparity between the rich and the poor has declined in Pakistan on the basis of the latest official survey.
The ministry claimed that the provisional growth figures of 3.94 per cent released by the Pakistan Bureau of Statistics (PBS) in May 2021 may exceed in the back of strong expansion in industrial activity. The monthly economic update and outlook released by the ministry stated that the Planning Commission assessed that poverty has declined in Pakistan.
The Gini coefficient is used to measure the incidence of income inequality. It is observed that the value of Gini coefficient also decreased from 0.326 in FY2016 to 0.303 in FY2019, which shows that the disparity between the rich and the poor has declined. In rural areas, the Gini coefficient has declined from 0.266 in FY2016 to 0.248 in FY2019, whereas in urban areas, inequality also decreased from 0.356 in F
The misinformed
April 19, 2021
On Friday, April 9, Prime Minister Imran Khan stood on the podium like a king standing in front of his castle, praising the untiring efforts of his government to steer social welfare projects towards the creation of a state of Madina.
He was speaking at the groundbreaking ceremony of Naya Pakistan apartments in the LDA city project. Nearing the end of the speech, he referred to the UNDP’s latest report on inequality in Pakistan. With a smile, he urged people to read it, and said, “[It finds] the war-torn Khyber Pakhtunkhwa is the one province in Pakistan that has invested in human development the most in the last six years, because of which the PTI has won votes… ” The referred timeframe is of essence: “the last six years”.
Top Story
April 7, 2021
ISLAMABAD: Citing the FACTI report, Prime Minister Imran Khan on Tuesday said that annually $1 trillion from developing countries land into the tax havens, or into properties and richer countries, being the one reason behind huge inequality in the world.
The prime minister said he would personally talk to the IMF head against the backdrop of the coronavirus third wave as the government would be coming up with a second relief package. Speaking on the UNDP’s Pakistan National Human Development Report here, he continued that $7 trillion of these poor countries’ money were laundered and parked in unsafe tax havens, and this is the reason behind huge inequality in this world. So, he said, the poor countries were not only deprived of employment which this money could provide. When so many dollars leave the poor countries, the currency gets affected.