India overtakes China as world's most populated nation

Web Desk 09:50 AM | 26 May, 2023
India overtakes China as world's most populated nation
Source: File photo

According to the latest data from the United Nations’ Population Division, India has taken over China as the world’s most populous country.

With an estimated population of over 1.425 billion people, India now holds the official record for the highest population. It is remarkable that India achieved this milestone despite having a land area nearly three times smaller than China. China, which had held the population record since the 1950s, reached a peak population of 1.426 billion in 2022 before experiencing a decline.

The data from the United Nations indicates that while India’s population growth rate has slowed down, it still remains higher than that of China. However, both countries have seen declines in their fertility rates.

In 2023, India’s population growth rate stands at 0.61 percent, marking the smallest increase since 1960. This is significantly lower compared to population growth rates in countries like Bangladesh, Morocco, and Colombia.

Despite the slowdown, India continues to have a significant number of women entering their reproductive years, contributing to its population growth. In fact, India is the largest contributor to the global working-age population growth, accounting for 23% of the growth between 2020 and 2025.

In terms of demographics, India has a substantial percentage of its population in various age groups. According to the United Nations Population Fund report, 25 percent of India’s population comprises children aged 0-14, while 68 percent fall within the 15-64 age category. In contrast, China has a lower percentage of its population in the younger age groups.

India’s rise in population has implications that go beyond demographics. The country attracts a significant number of tourists, with millions of people from around the world visiting famous attractions like the Taj Mahal and the Amber Palace.

India’s newfound status as the world’s most populous country highlights the complex challenges and opportunities that lie ahead. The government will need to address issues such as healthcare, infrastructure, and resource management to ensure sustainable development and a high quality of life for its growing population.

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Web Desk

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USD to PKR: Pakistani rupee remains stable against dollar as IMF talks underway

ISLAMABAD – Pakistani rupee remained stable against the US dollar as the market is looking for direction amid Pakistan’s ongoing negotiations with the International Monetary Fund (IMF).

Amid the economic uncertainty, the local currency remained unchanged against the greenback, moving up 0.01 percent during the opening hours of trading. Before noon, PKR was hovering at 285.40 in the interbank.

In contrast to the inter-bank, the dollar continued its upward trajectory in the open market and is reportedly available at Rs315, as the gap between the official rate and open market rate is Rs30 per dollar.

As the money market is waiting for a positive development from the economic front, International Monetary Fund (IMF) Mission Chief to Pakistan said they continued engagement with Islamabad focusing on the restoration of foreign exchange proper market functioning, with special on the upcoming budget.

Today's gold rates in Pakistan – May 31 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 232,300 on Wednesday.The price of 10 grams of 24k gold was recorded at Rs199,160.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 232,300 PKR 2,485
Karachi PKR 232,300 PKR 2,485
Islamabad PKR 232,300 PKR 2,485
Peshawar PKR 232,300 PKR 2,485
Quetta PKR 232,300 PKR 2,485
Sialkot PKR 232,300 PKR 2,485
Attock PKR 232,300 PKR 2,485
Gujranwala PKR 232,300 PKR 2,485
Jehlum PKR 232,300 PKR 2,485
Multan PKR 232,300 PKR 2,485
Bahawalpur PKR 232,300 PKR 2,485
Gujrat PKR 232,300 PKR 2,485
Nawabshah PKR 232,300 PKR 2,485
Chakwal PKR 232,300 PKR 2,485
Hyderabad PKR 232,300 PKR 2,485
Nowshehra PKR 232,300 PKR 2,485
Sargodha PKR 232,300 PKR 2,485
Faisalabad PKR 232,300 PKR 2,485
Mirpur PKR 232,300 PKR 2,485


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