Pakistan's education expenditures fall

News Image

MG News | June 12, 2024 at 12:14 PM GMT+05:00

0:00

June 12, 2024 (MLN): The cumulative education expenditures by the Federal and Provincial Governments in FY23 amounted to approximately 1.5% of GDP as compared to 1.7% of GDP in the previous year, according to the Economic Survey 2023-24 released on Tuesday.

Expenditures on education-related activities during FY23 witnessed a 13.6% increase, reaching Rs1.25 trillion from Rs1.1tr.

According to the Labor Force Survey 2020-21, the national literacy rate remained at 62.8%.

During 2021-22, the PSLM Survey was not conducted by PBS due to the scheduled Population and Housing Census 2022.

Therefore, the figures for the latest survey regarding GER and NER may be considered for the analysis.

However, according to the Labor Force Survey 2020-21, the literacy rate was 62.8% in 2020-21 as compared to 62.4% in 2018-19, higher in males (increased from 73.0% in 2018-19 to 73.4% in 2020-21) than females (from 51.5% to 51.9% for the same period).

Area-wise analysis suggests literacy increased in both rural areas from 53.7% in 2018-19 to 54.0% in 2020-21, while in urban areas, it increased from 76.1% in 2018-19 to 77.3% in 2020- 21.

The male-female disparity seems to be narrowing down over time.

The literacy rate has gone up in all provinces, with Punjab (increased 66.1% to 66.3%), Sindh (61.6% to 61.8%), Khyber Pakhtunkhwa (52.4% to 55.1%), and Balochistan (53.9% to 54.5%).

In the Pakistan Social and Living Standards Measurement (PSLM) 2019-20, the Out-of-School Children (OOSC) rate was 32% in the country, with a higher rate of female OOSC (37%) than males (27%).

Punjab had a 24% OOSC rate, Sindh 44%, Khyber Pakhtunkhwa 32%, and Balochistan 47%. In all provinces, more females were out of school than males.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 113,390.00
108,020.00
-4475.00
-3.97%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 64.55
63.88
-0.59
-0.91%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling


August 29, 2025 at 05:46 PM GMT+05:00

SECP cuts bonus, right issue timelines



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg