Pakistan remains lower-middle income country, warns UN report.
The United Nations has warned that Pakistan remains a lower-middle income country and will continue to be vulnerable to fluctuating energy prices.
A report issue by the UN also places India and Bangladesh among lower-middle-income countries despite their economic gains.
The report urges the entire South Asian region to reduce its energy consumption. Nepal is also placed in the same category, although Afghanistan is listed among low-income countries.
The report by the UN labour agency warns that finding a decent and well-paid job will be harder in 2023 than it was in 2022, thanks to the continuing global economic downturn.
The report notes that South Asia has not been affected by the Ukraine war as it has few direct links with Russia and Ukraine. But it is 'very vulnerable to the higher global commodity prices that have...
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