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Education of Disadvantaged Children in OIC:

The Key to Escape from Poverty

153

3.4 PAKISTAN

Overview

Country Context

Economy, Security, Disasters:

Pakistan is a developing country with a nominal GDP per capita of $1,428 and so ranks 147

th

in

the world as of 2016. The country’s economy is semi-industrialised, with a large informal sector

estimated at 36% of the overall economy, and has been transforming from a predominantly

agricultural to an industrial and service based economy over the past 20 years. Its growth poles

are situated along the Indus River and the major urban centres in Punjab, its richest province.

GDP

growth rates have been volatile over the past 20 years as the country suffered from tense regional

political relations, a fast-growing population, mixed levels of foreign investments and several

disasters (Se

e Figure 55 )

.

Figure 55 GDP growth rate from 1990 to 2015

Source: World Bank World Development Indicators

With a population of around 190 million (the world’s 6

th

largest),

the number of people affected

by natural disasters in the country is massive. The most recent major disasters affecting the GDP

growth rate (see

Figure 55 )

include the 2000 drought (1.2 million people affected, millions of

animals perished), the 2005 Kashmir earthquake (73,000 people died and 3.3 million homeless),

the 2007 Cyclone Yemyin (350,000 displaced, 1.5 million affected, more than 2 million livestock

perished) and the 2010 floods (2,000 dead, 20 million affected)

410

.

According to the World Bank,

poverty (at the national poverty line) in Pakistan fell from 64.3% in 2001 to 29.5% in 2013

411

.

Rural poverty remains a pressing issue as about 61% of the population lives in rural areas (see

410

https://www.dawn.com/news/661518

411

http://data.worldbank.org/country/pakistan

4,5%

5,1%

7,7%

1,8%

3,7%

5,0%4,8%

1,0%

2,6%

3,7%

4,3%

2,0%

3,2%

4,8%

7,4%

7,7%

6,2%

4,8%

1,7%

2,8%

1,6%

2,7%

3,5%

4,4%

4,7%4,7%

0,0%

1,0%

2,0%

3,0%

4,0%

5,0%

6,0%

7,0%

8,0%

9,0%

GDP growth rate (nnual %)