Poverty level dropped 24.3%, claims govt

Report confirmed significant improvement compared with the situation prevailing five years ago’ The government on Thursday claimed that the poverty level in Pakistan declined to 24.3% during the third year of the ruling party, according to the Economic Survey of Pakistan 2017-18.However, it blocked the release of province based data of poverty reduction due to steep decline in poverty in Khyber Pakhtunkhwa. Pakistan Muslim Leauge-Nawaz (PML-N) led federal government published the poverty statistics for the fiscal year 2015-16 in the Economic Survey of Pakistan 2017-18, which was launched by Advisor to Prime Minister on Finance Dr Miftah Ismail. The survey showed that 10.8 million people were lifted out of extreme poverty in 2015-16. Moreover, four out of every ten Pakistanis are officially considered poor as against three out of every ten Pakistanis who were considered poor four years ago. In absolute terms, 50.4 million are now being recognised as poor against the previous figure of 60.2 million.

The percentage of people living below poverty line has declined from 29.5% in 2013-14 to 24.3% in 2015-16, according to the survey. There was a decline of 5.2% in the poverty within two years. Over the last decade, Pakistan’s poverty headcount has witnessed a persistent decline both at national and regional levels, it added.

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