WB Readjusts Poverty Line in Pakistan at 44.7%
- A World Bank report published on Thursday reveals that nearly 45% of people in Pakistan are living under the $4.20 daily poverty threshold.
- The increase results from the World Bank revising its global poverty assessment criteria using updated 2021 PPPs and a higher poverty line.
- The revision raised Pakistan’s extreme poverty rate to 16.5% from 4.9%, mainly due to a 40% rise in the poverty line and price increases between 2017 and 2021.
- Approximately 108 million Pakistanis earn less than $4.20 daily, with 88.4% living under the $8.30 upper middle-income poverty line, according to senior World Bank economist Christine Wieser.
- World Bank officials emphasized that the higher poverty figures reflect updated measurement methods, not worsening living standards, and national poverty lines remain vital for policymaking.
13 Articles
13 Articles
Over 44% Pakistanis now below poverty line under new WB threshold
Over 107m Pakistnis are living below poverty line.Over 39m included in extreme poverty category.New figures reflect updated international thresholds.ISLAMABAD: A sizeable 44.7% of Pakistan's population is now considered to be living...
WB readjusts poverty line in Pakistan at 44.7%
The World Bank has adjusted upward the income levels in an effort to measure global poverty, which has also pushed the percentage of Pakistanis living in poverty by to 44.7% — an outcome that may not still be fully reflecting the harsh ground realities due to the use of seven years old survey data. The Washington-based lender on Thursday released its new international poverty line to reflect changes in the prices of goods and services and their …
Pakistan’s poverty rate increased from 39.8pc to 44.7pc, WB report
F.P. Report ISLAMABAD: The World Bank (WB) has released a new assessment on poverty in Pakistan, revealing that the poverty rate has increased from 39.8% to 44.7%. According to the WB’s report, under the new criteria, 44.7% of Pakistan’s population is living in poverty, whereas under the old standard, the rate was 39.8%. Based on this revised methodology, approximately 107.9 million Pakistanis are classified as poor. The report clarifies that wh…
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