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Poverty in Pakistan. 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. 3030 (US$10) per month.
In April 4, the World Bank projected about 4 million Pakistani people falling below the lower middle-income ($3.6/day ) poverty line amid economic growth plummeting to just 0.4% against a target of 5pc. [39] In May 2023, Pakistan's inflation rate reached 38%, surpassing Sri Lanka to become the highest country in Asia. [40]
In February 2023, Pakistani cabinet approved 'Finance Supplementary Bill 2023' for Mini Budget. [4] The budget for FY 2022-23 aimed to raise Rs. 7 trillion ($34.6 billion) in tax revenue, raise Rs. 372 billion ($1.8 billion) from Sukuk and Eurobonds , target a primary surplus of 0.2% of GDP, target a fiscal deficit of 49% of GDP and meet IMF ...
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 ...
241,499,431 ( 13.3%) Most populous province. Punjab (127,681,655) The 2023 Census of Pakistan was the detailed enumeration of the Pakistani population and the seventh national census in the country. [1][2][3] It was conducted by the Pakistan Bureau of Statistics. [4] It was also the first ever digital census to be held in Pakistan, including ...
The division's primary focus lies in poverty reduction and the implementation of social safety net programs, with the Ehsaas Programme standing out as its flagship initiative. The Ehsaas Program [ 1 ] is a comprehensive poverty reduction endeavor encompassing a spectrum of interventions, ranging from cash transfers to educational and healthcare ...
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. [55]
The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxes and expenditure cuts. The budget was accepted the next day.