New Delhi, Feb 24 (IANS) Even as the International Monetary Fund (IMF) has praised Pakistan for stabilising its economy under the ongoing support programme, fresh data shows that poverty and income inequality have sharply worsened, raising serious concerns about the social cost of recent reforms. While key macroeconomic indicators such as fiscal balance and the current account have improved, millions of citizens are facing rising hardship — highlighting a growing gap between economic stabilisat…
Latest Ahsan Iqbal News & Updates
New Delhi, Feb 23 (IANS) While the Pakistan government claims that the country’s economy has been revived from the brink and is now stable, the harsh reality is that poverty has climbed to an 11-year high of 29 per cent and income inequality is at levels not seen in nearly three decades, according to an article in the Pakistani media.The article in the Lahore-based The Friday Times further pointed out that real household incomes have shrunk and unemployment is at a 21-year peak. For millions o…
Islamabad, Feb 21 (IANS) Pakistan’s poverty rate has climbed to an 11-year high of 29 per cent, while income inequality has touched its highest level in 27 years, amid a steep decline in real incomes and consumption over the last seven years, local media reported, citing an official survey released by the country’s Planning Ministry.As per the findings, shared by Planning Minister Ahsan Iqbal, nearly 70 million people in Pakistan are now living in abject poverty based on the monthly poverty line…