Pakistan Accounts for 48% of MENAAP’s Extreme Poor, World Bank Says | ChatZyr
By Editorial Desk | Team ChatZyr
ISLAMABAD: Pakistan accounts for about 48 per cent of people living below the World Bank’s $3-a-day poverty line across the Middle East, North Africa, Afghanistan and Pakistan (MENAAP) region, according to the World Bank.
The World Bank says MENAAP is the only region in the world where poverty has risen in recent years, with new data from Pakistan contributing to a significant upward revision in the region's extreme-poverty estimates. World Bank Blogs
Pakistan’s poverty rate at the $3-a-day threshold has increased significantly following a series of economic and climate-related shocks, including the Covid-19 pandemic, the 2022 floods, high inflation, currency depreciation and weaker household incomes.
The latest World Bank data puts Pakistan’s poverty rate at 22.96 per cent in 2024 under the $3-a-day international poverty threshold based on 2021 purchasing-power parity. Poverty and Inequality Platform
Across MENAAP, 14.4 per cent of the population was living below $3 a day in 2024, according to the World Bank. World Bank Open Data
The World Bank has warned that continued economic pressures, food-price increases and climate-related shocks could further affect vulnerable households across the region.
Pakistan remains particularly exposed to inflation, employment pressures and weather-related disruptions, making poverty reduction a major economic challenge.
Why it matters: The figures show that economic growth alone does not automatically translate into improved living standards. Household incomes, employment opportunities and resilience against economic shocks remain critical to reducing poverty.
Disclaimer: This article is based on World Bank poverty and economic data. The international $3-a-day poverty threshold is different from Pakistan’s national poverty line and should not be used as a direct replacement for the country’s official national poverty measure. Poverty estimates may be revised as new data becomes available. World Bank
Written By Editorial Desk | Team ChatZyr
Published on Chatzyr.net
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