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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.
2022 Pakistan floods in summer cause over $30 billion dollars in economic losses in Pakistan. [43] At the end of March 2022, the State Bank of Pakistan's reserves stood at $11.425bn, but they gradually tanked to an almost four-year low of $6.715bn on 2 December. Pakistan's foreign exchange reserves equal to just five weeks of merchandise ...
The Ehsaas Programme was the flagship social protection measure to lead towards a welfare state that is embodied in the Constitution of Pakistan.Its aim was to create precision safety nets, promote financial inclusion and access to digital services, support women's economic empowerment, focus on the central role of human capital formation for poverty eradication, economic growth, and ...
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 Pakistan government spent over 1 trillion rupees (about $16.7 billion) on poverty alleviation programs during the past four years, reducing poverty from 35% in 2000–01 to 29.3% in 2013 and further to 17% in 2015. [57] Rural poverty remains a pressing issue, as development in those areas has been significantly slower than in major urban areas.
Poverty, unemployment and a population boom contribute to Pakistan's current social problems. 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 ]
Poverty can have diverse environmental, legal, social, economic, and political causes and effects. [1] When evaluating poverty in statistics or economics there are two main measures: absolute poverty which compares income against the amount needed to meet basic personal needs, such as food, clothing, and shelter; [2] secondly, relative poverty ...
PPAF aims to promote an effective approach to poverty alleviation across Pakistan. A number of leading multilateral, bilateral, and international corporate institutions such as the World Bank [ 1 ] contribute to PPAF’s poverty reduction goal by providing financial support and funds to promote grassroot development.