Per capita income will cross $1,000 next year, says PM
ISLAMABAD: Prime Minister Shaukat Aziz said on Wednesday that Pakistan’s per capita income was $847 last year, is expected to be around $950 this year and will surpass $1,000 next year.
Speaking at the inaugural session of the Pakistan Development Forum 2007 he said the number of people below the poverty line had decreased from 34.5 percent in 2001 to 23.9 percent in 2005 – in urban areas from 22.7 percent to 14.9 percent and in rural areas from 39.3 percent to 28.1 percent. …
Re: Per capita income will cross $1,000 next year, says PM
cant go from zero to 100 mph in a split second, but right policies and focus will change things slowly over time. I hope we stick to bringing improvements, and continue doing what we need to do as a nation to better ourselves…we have many examples around us, take a look.
Re: Per capita income will cross $1,000 next year, says PM
The problem is, you have 1 person that makes 100 times this ammount (through corruption mostly), and then you have 99 people that get zilch, and you end up with the same figures. And even if it was distributed fairly, 60,000 Rps/year doesnt sound like enough to me. It's roughly 5,000 Rps/Month ($82). I know people barely scraping out a living for exactly that much in Pakistan. But I guess any increase is welcome.
Re: Per capita income will cross $1,000 next year, says PM
The problem is, you have 1 person that makes 100 times this ammount (through corruption mostly), and then you have 99 people that get zilch, and you end up with the same figures. And even if it was distributed fairly, 60,000 Rps/year doesnt sound like enough to me. It's roughly 5,000 Rps/Month ($82). I know people barely scraping out a living for exactly that much in Pakistan. But I guess any increase is welcome.
Its a mix, but there is real improvment in avg income of masses.
it looks at a huge base of 160 million ppl.
if we assume that top 1% account for the major growth and the rest got just a marginal growth, that would mean that the top 1% increased their income by several million percent.
build a quick excel model and try out scenarios yourself :)