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According to World Bank, "Poverty headcount ratio at a defined value a day is the percentage of the population living on less than that value a day at 2017 purchasing power adjusted prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions."
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.
UTC−08:00 – Pacific Time zone: the Pacific coast states, the Idaho Panhandle and most of Nevada and Oregon UTC−07:00 – Mountain Time zone: most of Idaho, part of Oregon, and the Mountain states plus western parts of some adjacent states UTC−06:00 – Central Time zone: a large area spanning from the Gulf Coast to the Great Lakes
According to a 2018 report by the World Bank, almost half the population is living below the international poverty line ($2 per day), and unemployment peaked at 23.1%. [9] Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1]
Time offset from GMT [1] Notes; Prior until 1907 UTC+04:28:12: Karachi Time (KART) 1907–1951 UTC+05:30: Indian Standard Time (IST) 1951–1971 UTC+05:00 in West Pakistan UTC+06:00 in East Pakistan (today Bangladesh) Karachi Time (KART) Dacca Time (DACT) 1971–present UTC+05:00 in Pakistan: Pakistan Standard Time (PKT)
The World Bank Group is the globe's most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.
The Lagos state government flattened Badia East in February 2013 to clear land in an urban renewal zone financed by the World Bank, the global lender committed to fighting poverty. The neighborhood’s poor residents were cast out without warning or compensation and left to fend for themselves in a crowded, dangerous city.
Statistically, as of 2019, most of the world's population live in poverty: in PPP dollars, 85% of people live on less than $30 per day, two-thirds live on less than $10 per day, and 10% live on less than $1.90 per day. [3] According to the World Bank Group in 2020, more than 40% of the poor live in conflict-affected countries. [4]