Be honest with yourself is someone with 6000 a month income middle class ?
Muahaha bhai 500 to band ghar ka hi ata hay
Pakistan has made substantial progress in reducing poverty since the turn of the century, declining from 64.3% percent in 2001 to 29.5% percent in 2014. 38% of all households are now considered to be middle-class, while another 4% are upper class.
Hurricane-Strength Tailwinds Traverse Pakistan
Feb. 3.17 | About: Global X (PAK)
Steve Auger
Research analyst, special situations, long/short equity, ETF investing
Pakistan, known for unrest, coups and poverty, has been making progress in the areas of security, politics, and economics over the past few years.
Economic growth is showing signs of sustained recovery, driven primarily by initiation of the China Pakistan Economic Corridor.
Pakistan will be reclassified from MSCI Frontier Markets to Emerging Markets coinciding with the May 2017 Semi-Annual Index Review. History shows that inclusion in the EM Index causes large stock.
The proposed trade is to buy PAK and hold until May 2017, when the MSCI Pakistan Index is formally included in the MSCI Emerging Markets Index.
The trade has multiple risks, including the working-age population, protectionism, weather, tensions in the South China Sea, and political instability.
Pakistan has been making progress in the areas of security, politics, and economics over the past few years. The first democratic transition from one elected government to another occurred in 2013, with the Pakistan Muslim League-N of Nawaz Sharif forming the government, based on a platform of private sector-led economic growth. The country has since struggled through three tough years aided by low energy prices and government reforms, with the end result being a more stable economy and a bright outlook, more than can be said for many other countries.
Less poverty and increasing middle class
Pakistan has made substantial progress in reducing poverty since the turn of the century, declining from 64.3% percent in 2001 to 29.5% percent in 2014. 38% of all households are now considered to be middle-class, while another 4% are upper class.
Source: WSJ.com
As per the Wall Street Journal:
[These middle class] households are likely to have a motorcycle, color TV, refrigerator, washing machine and at least one member who has completed school up to the age of 16, the study found. Official figures show that the proportion of households that own a motorcycle soared to 34% in 2014 from 4% in 1991, and a washing machine to 47% from 13% over that same period. These trends are also attracting international business.
http://seekingalpha.com/article/4042606-hurricane-strength-tailwinds-traverse-pakistan
The author of the article clearly mentions the source as WSJ.com
New Recruit
Although this statement was there in a recent WSJ article, it has nothing to do with WSJ.. Because this is the official figure published by pak ministry of finance..
Its a household income and usually you have 2-3 people earning 6000-30,000 rupees depending on your low skills and the nature of work.
Well if it's any consolation to you then the CPEC is still under development and i doubt it has exactly boosted the economy as yet.
Do you have a source for the 24% figure?
You are right that I used to see those utility bills in 2013/14. I just calculated the new prices and it turns out to beMuahaha bhai 500 to band ghar ka hi ata hay
Na ji cjotey gharoan ka bill bhi aram sey 1000 cross karta hay is summer with just two fans and utility stores har jagah nahi hotey most buy from regular kiryana stores and 3rd house rents bhai jan fazool tareen ghar bhi 5 sey nichay nahi miltey
6% population living on less than $1.90 a day in 2013
