Pakistanis’ income increased by 69 percent. Economists believe that this is due to an increasing difference between income and expenditures, which has provided Pakistanis with the opportunity to expand their savings over the course of the past two decades.
This is a massive growth over the past 20 Years, World Bank (WB) said Pakistani’s wealth is largely seen in Residential Buildings because there is less risk invovle in residential buildings than Stocks or else.
According to the data, the typical income of a household went from being about Rs. 16,000 in the year 2001 to over Rs. 26,000 in 2018, with an expected pattern of ongoing development in the years to come. During the same time period, costs rose from approximately 18,000 to 24,000 rupees, which is a relatively modest increase.
According to the World Bank report, by the year 2018, rural households had accumulated an average of 32 percent more wealth than urban households.
The net worth of households also climbed by 25 percent, going from 61.7 points on the index to 77.6 points.
