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In FY23–24, Pakistan’s per capita income increased to $16680.

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The size of the US economy grew from $341 billion to $375 billion in the current fiscal year, according to figures made public by PBS.

This fiscal year, Pakistanis’ yearly per capita income increased by Rs 90,534; the monthly rise was Rs 7,544.

The official document also said that Pakistan’s per capita yearly income for the year was Rs 475,281, up from Rs 384,747 for the previous year.

The annual income per capita increased by $129 in US dollars.

Pakistanis’ per capita income for the current fiscal year was $1,680 in US dollars, down from $1,551 for the previous fiscal year.

In local currency, the size of the national economy expanded by Rs22,170 billion.

The study cited double-digit inflation as one of the factors contributing to the economy’s notable expansion.

See also: Ahsan Iqbal: Pakistan wants to grow its economy to $3 trillion by 2047.

Pakistan wants to have a $3 trillion economy by 2047, according to Federal Minister for Planning and Reforms Ahsan Iqbal, who made this announcement in April. He also called for more public-private cooperation and a more simplified regulatory environment.

He highlighted the current favorable time for foreign investments in Pakistan, including large promises from China and Saudi Arabia, and stated, “Pakistan is poised to become a $3 trillion economy by 2047, bolstered by a targeted growth rate of 9%.”

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Gold prices in Pakistan approach an all-time high.

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Following a substantial surge the prior day, gold prices in Pakistan are ascending to unprecedented levels with an additional gain on Thursday, coinciding with a rise in global precious metal rates.

The price of 24-karat gold in the local market rose by Rs700 per tola, reaching Rs277,900, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Likewise, the cost of 10 grams of 24-karat gold increased by Rs600, currently priced at Rs238,254.

Globally, gold prices exhibited an upward trend, increasing by $7 throughout the day. The APGJSA reports that the international gold price was $2,682 per ounce.

Notwithstanding the increase in gold prices, the silver market exhibited stability, with the price of silver maintained at Rs3,050 per tola.

In the previous month, gold prices in Pakistan reached an unprecedented high of Rs 277,000 a tola, driven by substantial gains in the worldwide market.

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A further relief shipment from Pakistan departs for Gaza and Lebanon.

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Following the Prime Minister’s directions, the National Disaster Management Authority (NDMA) persists in delivering humanitarian assistance to the war-affected populations of Gaza and Lebanon.

The second cargo of supplies was sent from Karachi to Lebanon today.

The relief package, dispatched by the NDMA in partnership with the Al-Khidmat Foundation, consists of roughly 100 tons of provisions, including pharmaceuticals, ready-to-eat meat, tents, tarpaulins, thermal bedding, winter apparel, and powdered milk.

The assistance was sent by air from Jinnah International Airport in Karachi to Beirut, Lebanon.

The farewell ceremony at Jinnah International Airport was attended by representatives from the NDMA, the Ministry of Foreign Affairs, the Al-Khidmat Foundation, and local authorities.

The delegates underscored the pressing necessity to deliver assistance to the war-affected populations of Palestine and Lebanon, in light of the continuing conflict and the requirements of the impacted communities.

They reiterated the Government’s dedication to assisting their compatriots in need and emphasized the significance of cooperation among welfare groups and the Pakistani populace in enhancing these initiatives.

This constitutes Pakistan’s twelfth aid shipment to Palestine and Lebanon. Previously, ten relief shipments were dispatched to Palestine.

The Government of Pakistan persists in dispatching relief supplies according to the need of the war-affected populations in Lebanon.

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Speech Made by Pakistan’s Prime Minister on the International Day Against Poverty

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In renewing our commitment to a world where no one is left behind and where possibilities for success are unrestricted by one’s origin or circumstances, Pakistan stands together with the global community on this International Day for the Eradication of Poverty. In addition to being morally right, ending poverty is essential to attaining sustainable development and guaranteeing everyone’s peace and prosperity.

The people have always been the center of every policy made by our government. We have significantly reduced poverty and made sure that our most vulnerable residents are taken care of thanks to our social safety net programs. We think that providing long-term routes to economic empowerment is equally as important as providing instant relief when it comes to assisting people in escaping poverty. Our focused initiatives seek to equip communities—women and children in particular—with the means to create better futures for themselves.

The Pakistani government is steadfast in its commitment to improving the affordability of living for its citizens despite the obstacles we face on a global scale, such as inflation and economic instability. Our policies are designed to build long-term economic resilience, from meeting housing needs to guaranteeing food security. With the help of programs like the PM Youth Business, Agriculture Loans, Digi-Skills, which offers free IT training, and the Pakistan Education Endowment Fund, millions of families are receiving financial support and technological help that is changing their lives.

Eradicating poverty is also a top priority for Pakistan, which is still fully committed to reaching the 17 Sustainable Development Goals (SDGs). With a focus on inclusive growth, education, healthcare, and environmental sustainability, we will keep working together with our international partners to achieve these goals. The advancements made in empowering women and guaranteeing that their contributions are essential to the country’s social and economic fabric are another reason for pride.

On this day, I would want to express my sincere gratitude to everyone who is devotedly striving to end poverty, both in Pakistan and globally. We can create a future where everyone, regardless of circumstances, has the chance to flourish and succeed by uniting with a shared purpose and unwavering determination.

I speak on behalf of the Government of Pakistan to reiterate our steadfast commitment to this cause and to extend an invitation to all facets of society to work with us to create a world that is more wealthy, just, and inclusive.

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