RameezRambo_Fan
Tape Ball Regular
- Joined
- Jul 3, 2019
- Runs
- 338
Pakistan's poverty rate has been decreasing every year since the 1989. It went from around 60% of the population earning less than $1.90 per day to the current 4% (recent official statistic in 2015).
https://data.worldbank.org/indicator/SI.POV.DDAY?end=2015&locations=PK&start=2015&view=bar
The projected poverty rate is expected to continue declining in FY19. Poverty head-count measured using the $1.90 international poverty line is estimated at 3.1 per-cent for FY19, down from 4 percent in 2015 (the most recent official numbers).
Poverty at the $3.20 poverty line is estimated to have fallen by approximately 3.4 percentage points to 31.3 percent during the same period; and using the $5.50 poverty line to 72.6 percent (a 2.8 percentage points decline since 2015).
Growth is projected to decelerate in FY19 and FY20, as the government tightens fiscal and monetary policies. As macroeconomic conditions improve, and a package of structural reforms in fiscal management and competitiveness is implemented, growth is expected to recover from FY21 onwards.
Together with the macroeconomic adjustments, there is an urgent need to implement structural reforms to support the growth rebound. Reforms to put the country on a stable growth path include increased exchange rate flexibility, improved competitiveness and lower cost of doing business. On the revenue front, reforms to improve tax administration, widen the tax base and facilitate tax compliance are critical.
https://www.worldbank.org/en/country/pakistan/overview
https://data.worldbank.org/indicator/SI.POV.DDAY?end=2015&locations=PK&start=2015&view=bar
The projected poverty rate is expected to continue declining in FY19. Poverty head-count measured using the $1.90 international poverty line is estimated at 3.1 per-cent for FY19, down from 4 percent in 2015 (the most recent official numbers).
Poverty at the $3.20 poverty line is estimated to have fallen by approximately 3.4 percentage points to 31.3 percent during the same period; and using the $5.50 poverty line to 72.6 percent (a 2.8 percentage points decline since 2015).
Growth is projected to decelerate in FY19 and FY20, as the government tightens fiscal and monetary policies. As macroeconomic conditions improve, and a package of structural reforms in fiscal management and competitiveness is implemented, growth is expected to recover from FY21 onwards.
Together with the macroeconomic adjustments, there is an urgent need to implement structural reforms to support the growth rebound. Reforms to put the country on a stable growth path include increased exchange rate flexibility, improved competitiveness and lower cost of doing business. On the revenue front, reforms to improve tax administration, widen the tax base and facilitate tax compliance are critical.
https://www.worldbank.org/en/country/pakistan/overview
