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The decision follows the release in 2020 of new purchasing power parities (PPPs)—the main data used to convert different currencies into a common, comparable unit and account for price differences across countries. The new extreme poverty line of $2.15 per person per day is based on 2017 PPPs. [7]
Poverty in Pakistan has been recorded by the World Bank at 25.3% using the lower middle-income poverty rate of US$ 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.
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'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 Poverty Alleviation and Social Safety Division is a division of the Cabinet Secretariat in Pakistan that was established in 2020. It's responsible for formulating and implementing policies and programs aimed at reducing poverty, improving social safety nets, and providing assistance to vulnerable segments of society.
"If food inflation had been lower, of course the reduction in poverty could be much, much bigger," National Statistician Dennis Mapa told a news conference. Philippines poverty rate at 15.5% in ...
This is a list of regions and provinces of the Philippines by poverty rate as of 2021. The international poverty rate used by the World Bank is used in the following list. The national poverty rate of the Philippines was estimated to be at 22.4% in early 2023.
Despite these challenges, Pakistan managed to sustain an agricultural growth rate of 4.4% per annum and a large-scale manufacturing growth rate of 4.8% per annum throughout the 1990s. However, the era witnessed a significant increase in poverty incidence, reaching 30.6% in 1998–99.