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(2024) Poverty headcount ratio at national poverty lines Year % of population Aruba: Latin America & Caribbean High income N/A Afghanistan: South Asia Low income N/A Angola: Sub-Saharan Africa Lower middle income 32.3% 2018 Albania: Europe & Central Asia Upper middle income 22.0% 2020 Andorra: Europe & Central Asia High income N/A
Poverty in Pakistan has been recorded by the World Bank at 25.3% using the lower middle-income poverty rate of US$ 3.2 per day for the fiscal year 2020–21. [1] In September 2021, the government stated that 22% percent of its population lives below the national poverty line [ 2 ] set at Rs.
Pakistan Vision 2025 is a set of goals for social, economic, security, and governance developments outlined by the government of the Islamic Republic of Pakistan to be achieved by 2025. The overall goal is for Pakistan to become an upper-middle income country by 2025 and to eventually become one of the top ten economies in the world by 2047 ...
Pakistan's fiscal deficit will be significantly worse than projected this fiscal year, with the fallout from the novel coronavirus pandemic pushing millions into unemployment and poverty ...
The public debt/revenues ratio surged to 624%, and the interest payments/revenues ratio reached 42.6%, rendering Pakistan's public debt unsustainable. Concerns over external debt default emerged in 1996 and 1998, triggered by Western economic sanctions in response to Pakistan's nuclear tests in May 1998, causing massive capital flight.
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As of 2008, over 17% of the total population was found abjectly living below the poverty line [3] while the unemployment rate, as of 2010, numbered up to an unprecedented 15%. [4] According to the Asian Development Bank (ADB), 24.3% lived below the national poverty line in 2015. [5]
The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxation measures and expenditure cuts. The budget was accepted the next day.