Financial difficulties among urban Pakistani households have soared by 14% over the past year, resultantly, a staggering 74% of urban population in Pakistan, the south Asian country, are unable to meet their monthly expenses with their current income.
This represents a significant increase from May 2023, when 60% of households reported financial struggles, according to the latest study by Pulse Consultant.
Of those currently struggling to make ends meet, 60% have had to cut back on essential expenses, including groceries, while 40% have resorted to borrowing money from their acquaintances. Furthermore, 10% have taken on part-time jobs to supplement their income.
The survey of Pakistan, the country with roughly 240 million population, also highlighted that more than half, 56%, of those who are just managing to cover their expenses are unable to save any money after meeting their basic needs.
