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Poverty in Pakistan has been recorded by the World Bank at 18.7-25.3% using the lower middle-income poverty rate of US$ 3.2 per day for the fiscal year 2024–25. [1] In September 2021, the government stated that 22% percent of its population lives below the national poverty line [ 2 ] set at Rs.
8 August – Arshad Nadeem clinches Pakistan's first Olympic track and field medal after winning gold at the men's javelin throw at the 2024 Summer Olympics in Paris. [ 101 ] 9 August – Three soldiers and four militants are killed in attacks on three army outposts in the Tirah Valley , Khyber Pakhtunkhwa, that are claimed by the Gul Bahadur ...
That month Pakistan also ended a four-year streak of outflows (totaling $1.4 billion) in Treasury Bills, earning $875 million. According to Bloomberg, Pakistan's stock became the "world’s best performer", increasing 73% in the past 12-months. Treasury Bill yields became some of Asia's highest, while foreign reserves rose to a two-year high. [73]
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 budget included funding for a number of development initiatives to increase the nation's economic growth rate. The original outlays for the PDSP being estimated at Rs. 2.66 trillion for the development programme, which included a Rs 950 billion federal Public Sector Development Programme (PSDP), that was approved by the Annual Plan Coordination Committee (APCC). [5]
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]
Pakistan declined an invitation to America's 'Summit for Democracy' under the Biden administration. [150] During the 2022 Pakistani constitutional crisis, Imran Khan blamed the US officials Donald Lu and named the United States as the country in question over a "threatening letter", warns American "regime change" led to his downfall. [151]
Without a budget increase in 2024 above its $6 billion funding level, state programs might have to institute waitlists for new enrollees or cut benefits for existing recipients, she said.