World Bank Reports Poverty Climbs in Pakistan; MPI Revision Under Consideration
What happened
A recent World Bank report indicated that poverty in Pakistan rose to 28.9% during the 2024-25 period, reversing previous gains. Planning Minister Ahsan Iqbal acknowledged this increase as the government considers changing its poverty measurement methodology. The Ministry of Planning and the Oxford Poverty and Human Development Initiative discussed revising the Multidimensional Poverty Index, potentially including climate shocks and demographic pressure.
From tribune.com.pk
Why it matters
The rise in poverty, coupled with Pakistan's economic growth rate dipping to 2% in the April-June quarter, highlights structural economic challenges. The proposed revision of the Multidimensional Poverty Index could change how the government measures deprivation and opportunity barriers in the country.
Ahsan Iqbal has promoted development and economic change in Pakistan.
From tribune.com.pk
Who's involved
- Ahsan IqbalPlanning Minister who acknowledged the rise in poverty in Pakistan.
- PakistanSovereign state where poverty rates are rising and economic growth is low.
- World BankInternational financial institution that issued the report on poverty in Pakistan.
- University of OxfordUniversity that is collaborating on revising the poverty measurement index.
- Ministry of PlanningGovernment ministry involved in discussing the revision of the poverty index.
How it developed
Newest first. Tap a step to see who reported it.- OPHI, affiliated with the University of Oxford, notes that political instability and economic crises are hindering poverty reduction in Pakistan.Sub-event
World Bank highlighted poverty in Pakistan, discussed by Planning Minister Ahsan Iqbal.1 source
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The entities involved
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Ahsan Iqbal
politician in Pakistan
Nothing else this week.
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Pakistan
sovereign state in South Asia
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World Bank
international financial institution
Related events
- An economic summit is taking place in Islamabad, Pakistan, involving Prime Minister Shehbaz Sharif.
- Pakistan advocates reforms at the UN, receives World Bank assistance, and mediates between Iran and the US.
- The Pakistani delegation, led by Shehbaz Sharif, attends the UNGA in New York while Ishaq Dar serves as Deputy Prime Minister.
- Muhammad Ali, Adviser to the Prime Minister, advised on reforms for Pakistan's economy.
- The Pakistan Peoples Party (PPP) is currently a coalition partner in Punjab, while key figures like Muhammad Ahmed and Malik Ahmed Khan discuss national institutions in Pakistan.