Upper Class Income Pakistan

The bank calculated the total wealth in pakistan at 495 billion or rs52 47 trillion.

Upper class income pakistan. However pakistan s undocumented economy is estimated to be 36 of its overall economy which is not taken into consideration when calculating per capita income. Figures for income level of rs4 000 and less to as much as rs20 000 were quoted to be the cut off level for the lower class. According to the bank to be a member of the middle class in 2015 a pakistani adult must have a wealth of at least 14 413. More than one third of pakistan s population can be categorised as middle class which is second only to sri lanka in the south asian region in terms of percentage finds a new study.

Their real income does not exhibit the same stability as that of upper middle class and can vary considerably over time. Pakistan is a developing country 39 40 41 and is one of the next eleven countries identified by jim o neill in a research paper as having a high potential of becoming along with the brics countries among the world s largest. A household on average consists of six members. The middle class consists of professionals like doctors it experts and lawyers.

Using this measure pakistan s middle income population is around 50 million individuals or just under 25 per cent of the total. As far as the lower middle class goes it s a hard struggle to avoid falling into the lower strata of the society. Additionally attempts to quantify the country s middle class largely based on income and the purchase of consumption goods exhibit that 42 of the population belong to the upper and middle. For middle class cut off was rs50 000 to rs100 000 and less.

The middle class despises the upper class. At a rate of rs106 to a dollar this comes to rs1 53 million. The rural m class for instance comprises of 8 6 million households with consumption levels of 6 000 while the urban upper m class consists of 2 million households with consumption levels of. Pakistan has still a class system in which on top are filthy rich land lords mill owners and high level bureaucrats.