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Poverty reduction stalled amid economic shocks, says WB report
['Sajid Salamat']
Daily Times
Pakistan’s sharp decline in poverty has stalled in recent years due to economic shocks and a lack of structural reforms, the World Bank said on Tuesday.
“The growth model that supported initial poverty reduction has proven insufficient to sustain progress,” said a World Bank study.
The study used Pakistan’s national poverty line; international measures suggest even higher rates.
At the federal level, multiple programmes are ongoing to alleviate poverty, including the Pakistan Poverty Alleviation Fund, Workers Welfare Fund, and Pakistan Bait-ul-Mal.
Provincial governments have also launched social protection and poverty reduction initiatives to address these challenges in a coordinated manner.
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