A new report by Oxfam has revealed that income inequality in Pakistan is getting worse, showing that the richest 10% of people now own 42% of the country’s total wealth. This growing gap between the rich and poor is mainly caused by elite privileges, an unfair tax system, and the effects of climate change — which hit the poorest communities the hardest.
The report highlights that Pakistan’s low investment in education and its weak tax-to-GDP ratio are making the problem even more serious. Many experts warn that if this continues, it could harm the country’s economic stability and increase social divisions.
At the same time, Oxfam points out that the number of billionaires across Asia is rising, while the share of income for poorer citizens is shrinking. This shows that wealth is being concentrated in fewer hands, leaving most people struggling with rising costs and fewer opportunities.
The report calls for urgent action to make the system fairer. It recommends tax reforms that make wealthy individuals and corporations pay their fair share, and stronger public spending on education, healthcare, and climate resilience. These steps, Oxfam says, are essential to build a more equal and stable Pakistan where everyone has a fair chance to succeed.
Disclaimer: This information is for awareness purposes only and should not be treated as financial advice.
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