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Pakistan launches five-year plan to reduce population growth rate

06:24 PM | 2 Jul, 2024
overpopulation

The government of Pakistan has announced a five-year plan aimed at curbing the country’s population growth rate. The plan includes specific targets to achieve a significant reduction in population growth by 2030.

According to sources, the government aims to reduce the annual population growth rate to 1.1% by 2030. This target is part of a broader strategy to manage population increase effectively and ensure sustainable development.

The Ministry of Planning and Development revealed that the population growth rate was 2.55% according to the latest census in 2023. For the fiscal year 2024, the overall birth rate was recorded at 3.32%. The new plan aims to reduce this birth rate to 2.2% by 2030.

An important component of the plan includes increasing the contraceptive prevalence rate to 60% by 2030. In the fiscal year 2024, the contraceptive prevalence rate stood at 39.36%. The ministry’s data also highlighted that approximately 2.5 million induced abortions occur annually in Pakistan due to the non-adoption of modern contraceptive methods.

Prime Minister has approved the Ministry of Planning’s plan during the National Economic Council (NEC) meeting.

As a reminder, the 2023 census reported Pakistan's population at 241.49 million.

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Today Open Market Currency Rates - Pak Rupee to US Dollar, Euro, Pound, Riyal - 4 July 2024

Pakistani currency rates against US Dollar and other currencies on July 4, 2024 (Thursday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.9 for buying and 280.95 for selling.

Euro's buying rate moves up to 294.5 and selling rate is 298 while British Pound rate is 350.5 for buying, and 353.5 for selling.

UAE Dirham AED was at 75.05 and Saudi Riyal increases to 73.2.

Currency Symbol Buying Selling
US Dollar USD 277.9 280.95
Euro EUR 294.5 298
UK Pound Sterling GBP 350.5 353.5
U.A.E Dirham AED 75.05 75.8
Saudi Riyal SAR 73.20 74
Australian Dollar AUD 182.2 184
Bahrain Dinar BHD 740.22 748.22
Canadian Dollar CAD 203 205
China Yuan CNY 38.29 38.69
Danish Krone DKK 40.03 40.43
Hong Kong Dollar HKD 35.63 35.98
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.90 1.98
Kuwaiti Dinar KWD 907.71 916.71
Malaysian Ringgit MYR 58.99 59.59
New Zealand Dollar NZD 169.34 171.34
Norwegians Krone NOK 26.14 26.44
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.44 77.14
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.27 26.57
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.55 7.70

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