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Amid these economic dynamics, Pakistan underwent a structural transition. The GDP share of agriculture declined from 53% in 1947 to 21.2% in 2010, while the GDP share of industry rose from 9.6% in 1949–50 to 25.4% in 2010. Additionally, the GDP share of the services sector increased from 37.2% in 1950 to 53.4% in 2010.
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.
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.
According to the Pakistan-based NGO, Society For Conservation and Protection of The Environment (SCOPE), about one-half (50.8%) of rural households in Pakistan are landless, while 5% of the country's population owns almost two-thirds (64 percent) of its farmland. (The World Bank found that according to 2000 agricultural census 63.3% of rural ...
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M. S. Golwalkar, who was the leader of the Rashtriya Swayamsevak Sangh (RSS) and thus one of the most important Hindu nationalist voices, also saw Pakistan as continuing "Islamic aggression" against Hindus: "The naked fact remains that an aggressive Muslim State has been carved out of our own motherland. From the day the so-called Pakistan came ...
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