1 Day
Source:
اقتصاد
World Bank: Poverty Grows in Pakistan
The World Bank report focuses on the rising poverty levels in Pakistan, despite the economic recovery and a growth rate of 3.7% during the fiscal year 2025-2026. The report states that the percentage of the population living below the $4.20 per day poverty line reached 47.9% in the fiscal year 2024-2025, compared to 44.7% in 2018-2019. This increase is attributed to a decline in real wages by 3.4% since 2018. It also notes that 70% of the population experienced losses in real consumption, with significant widening income inequality. Job growth has not kept pace with the expanding workforce, with unemployment remaining at 7%. The report highlights that high inflation, projected to stay at 8.2% until 2026-2027, exacerbates the erosion of the poor's real income. Additionally, looming climate shocks and fluctuations in oil prices threaten to deepen poverty despite the ongoing economic growth.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)