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Poverty in Pakistan has been recorded by the World Bank at 39.3% 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.
The Human Development Index (HDI) is a composite statistic used to rank some area by level of "human development" and separate developed (Very High development), developing (High and Medium development), and underdeveloped (Low development) areas.
According to the Asian Development Bank (ADB), 24.3% lived below the national poverty line in 2015. [5] Poor governance, political insecurity, and religious persecution have further added to the issues faced by the average Pakistani family. The unemployment rate in Pakistan stood at roughly 6.42 percent.
Due to "a shortfall in revenues; re-prioritising of expenditures and increase in public spending," the post-pandemic fiscal deficit could reach as high as 9.4% against an earlier projection of 7.4 ...
The Benazir Income Support Programme (BISP) is a federal unconditional cash transfer poverty reduction program in Pakistan. Launched in July 2008, it was the largest single social safety net program in the country with nearly Rs. 90 billion ($900 million) distributed to 5.4 million beneficiaries in 2016.
The International Labour Organisation (ILO) suggests that poverty is the greatest single cause behind child labour. Pakistan has a per-capita income of approximately $1900. A middle class person in Pakistan earns around $6 a day on average. The average Pakistani has to feed nine or ten people with their daily wage.
The poverty expenditure rate statistically dropped to 34.5–17.2% in 2008 as part of the privatisation programme. The privatisation process in Pakistan, [1] sometimes referred to as denationalisation programme [2] or simply the privatisation in Pakistan) [3] is a continuous policy measure program in the economic period [when?] of Pakistan.
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