A pre-requisite for a responsive and accountable democracy is a substantial middle class population.
An Asian Development Bank report on Asia's rising middle class released today confirms that Pakistan's middle class now is 40% of the population, significantly larger than the Indian middle class of about 25% of its population.
The devastating floods in Pakistan have dampened the spirits of its people on its 63rd independence day this Aug 14, 2010. All official events marking the day have been canceled as the nation mourns the death of at least 1700 of its citizens and finds itself overwhelmed by the monumental relief and rescue efforts aimed at tens of millions of people across three provinces.
Although the rate of growth has slowed since 2018, Pakistan's middle class consumer population still remains among the fastest growing in the world. In a report titled "Emerging Markets Transforming As Velocity Markets", Ogilvy and Mather, a global market communications firm, has put Pakistan among what it calls "Velocity 12" group of economies that include Bangladesh, Brazil, China, Egypt, India, Indonesia, Mexico,…