Pakistan’s Poverty Rate Remains Higher Than Pre-COVID Levels, Says World Bank

ISLAMABAD: The World Bank has reported that Pakistan is the only country in the region where the poverty rate remains higher than it was before the COVID-19 pandemic. According to the bank, 48% of the extremely poor individuals, defined as those living on less than $3 a day, reside in Pakistan.

This alarming statistic highlights the ongoing economic challenges faced by the country, as the pandemic exacerbated existing vulnerabilities. The World Bank’s recent report emphasizes that despite global recovery efforts, Pakistan’s economic landscape continues to struggle, leaving many citizens in dire financial situations.

The implications of this persistent poverty are profound, affecting not only the daily lives of millions but also the broader economic stability of the nation. With a significant portion of the population unable to meet basic needs, the government faces increasing pressure to implement effective social safety nets and economic reforms.

Looking ahead, policymakers are urged to prioritize poverty alleviation strategies in upcoming budget discussions and international forums. The World Bank’s findings may serve as a catalyst for renewed focus on economic recovery initiatives aimed at improving living standards across the country.