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After a 60 year formal and unarmed struggle for independence, Pakistan came into existence on 14th August 1947 from the British Empire. The British divided up the Indian empire into 3 parts: the central part, with a Hindu majority, became modern-day India, the western part along with parts of Punjab became West Pakistan, while East Bengal (the Muslim majority part of Bengal) became East Pakistan. The Partition of India was so mishandled by the British that it resulted in the worst ever communal riots of the region and perhaps one of the worst in modern history. An estimated 1 to 5 million Muslims, Sikhs, Hindus and other populations in the subcontinent had lost their lives as a direct consequence and millions more became refugee migrants to the newly founded Islamic Republic of Pakistan.
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Since the Soviet invasion of Afghanistan in 1979, Pakistan has seen substantial changes caused by the influx of refugees and the subsequent wars in Afghanistan. Drugs and arms trafficking have been on the rise, while democratic rule has come and gone as the country continues to deal with the political ramifications of unrest in post-Taliban Afghanistan and the US-led war on terror.
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Measured by purchasing power, Pakistan has a 30 million strong middle class enjoying per capita incomes more than $8000-$10,000, according to Dr. Ishrat Husain, Governor of the State Bank of Pakistan [2]. In addition, Pakistan has a growing upper class with relatively high per capita incomes. However, Pakistan has no individuals with as much as a billion US dollars, according to Forbes magazine, and has the distinction of being the most populous nation to have no billionaires.