Forex pk live news: Pakistan’s middle class consists of over 6. 27 million people, according to Credit Suisse, a global financial services company.
In its Global Wealth Report 2015 released on Oct 13, Credit Suisse said Pakistan has the 18th largest middle class worldwide. The share of middle-class adults in Pakistan’s total adult population of 111 million was 5. Economists use a variety of methods, such as income and standard of living, to define what constitutes the middle class. Credit Suisse came up with the minimum and maximum figures for the US middle-class wealth band based on its median earnings and the amount of capital a person close to retirement age needs to purchase an annuity paying the median wage for the remainder of their life. Being a lower per-capita country, Pakistan has lower prices and consequently a reduced middle-class threshold. In terms of the local currency that buys one dollar for Rs104 these days, a Pakistani adult should be considered part of the middle class if they have wealth of between Rs1.
This suggests Pakistan has lower prices in general, which enables people to join the middle class by crossing a relatively lower threshold of wealth band. 170 billion in 2000, total wealth in Pakistan has increased at an annualised rate of 7. Total wealth of the world increased on average by 5. Published in The Express Tribune, October 16th, 2015. What is the percentage of overall population?