Unveiling the soul of Pakistan's metropolis.
Karachi Matters
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Unveiling the soul of Pakistan's metropolis.
Karachi Matters Editor
Pakistan has completed 77 years since its establishment. On August 14, 1947, when Pakistan came into existence, the size of its economy was 3 billion dollars.
Today, 77 years later, Pakistan’s economy has grown to 375 billion dollars.
In 1947, the exchange rate of the dollar was 3.30 rupees, which has now increased to 278 rupees.
The Pakistani economy is currently facing a severe crisis and is part of an IMF program.
Karachi Matters EditorAccording to the World Bank, 44.7% of Pakistan’s population now lives below the poverty line, up from 39.8% previously. The poverty threshold for lower-middle-income countries has been revised from $3.65…
Karachi Matters EditorThe government has warned that inflation could rise to 7.5% in the next financial year (2025–26), compared to 5% this year. This increase is expected due to relaxed import restrictions…
