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Pakistan’s per capita income has seen growth and here’s why

SAMAA | - Posted: May 26, 2017 | Last Updated: 3 years ago
SAMAA |
Posted: May 26, 2017 | Last Updated: 3 years ago
Pakistan’s per capita income has seen growth and here’s why

currency

ISLAMABAD: According to the Economic Survey of Pakistan 2016-17, the per capita income of the country has recorded an increase as compared to last year and there are a couple of reasons why this has taken place.

As per the survey unveiled by Federal Finance Minister Ishaq Dar on Thursday, the per capita income in dollar terms has increased from $ 1,531 in FY 2016 to $ 1,629 in FY 2017.

The per capita income has registered an increase in dollar terms due to stability of the rupee in the international market as well as low population growth of Pakistan, according to the Economic Survey of Pakistan 2016-17.

Growth of higher real GDP has also been cited as one of the causes of the phenomena.

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