Tag: crises

Pakistani Middle Class is suffering in volatile economy
Business

Pakistani Middle Class is suffering in volatile economy

Middle class is the beauty of any society. If the economy has higher volume of middle class it flourishes. The recent crunch due to COVID-19 is crushing this class with greater hits in Pakistan. Pakistan is one of the biggest middle class holder country in the world. Every society comprises of five basic classes. Elite classUpper classUpper Middle classLower Middle classLower class If we talk about middle class, they are commonly known as working class people. People working in Offices, small business holders, technicians, etc. Any country with most number of this class flourishes rapidly. Common definition of middle class is "The group of people having annual income of 0.6 million to 0.10 million". Pakistan has fairly 35 percent of middle class society. Its more than a...