74% of Pakistan's urban population now struggle to cover monthly expenses, up from 60% in May 2023, according to Pulse Consultant.
74% of Pakistan's urban population now struggle to cover monthly expenses, up from 60% in May 2023, according to a recent study by Pulse Consultant. The financial strain has led to cutting back on essential expenses, borrowing from relatives and friends, and taking on part-time jobs to cope with financial needs. The Pakistani government has introduced a three-year economic plan to address these challenges, which includes increasing the provinces' share of the federal budget and reducing the country's substantial debt burden. Despite these efforts, the rising financial strain on Pakistan's urban population remains a critical issue, emphasizing the need for continued and effective economic policies and support systems.
August 10, 2024
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