ISLAMABAD: The per capita income in Pakistan has increased by 2.9% or $44 to $1,561 during the outgoing fiscal year.
Despite a marginal increase in per capita income, the country continues to be in the league of low middle-income countries. It needs to enhance per capita income to $4,000 to be labelled a middle-income country. In rupee terms, there was a 5.8% growth in per capita income that increased to Rs162,568.
Pakistan has one of the lowest investment and savings rates in the region and the world, obstructing progress towards a sustainable and inclusive economic growth path. Slow progress on the China-Pakistan Economic Corridor due to lack of political vision and usual bureaucratic inefficiency also pulled back investments.
