World Bank Warns of Growing Poverty in Pakistan

Instead of concentrating on rural development to reduce poverty, the Pakistan government has been focused more on increasing defence expenditure.reports Asian Lite News The World Bank has voiced deep concern over Pakistans economic situation, noting that poverty levels remain high despite substantial IMF loans and financial support. The current model of growth has failed to ameliorate the conditions of the poor, and the headcount ratio (HCR) has surged to its highest level of 25.3 per cent in the last eight years, which is a 7 per cent increase in HCR since 2023, the World Bank report states. Instead of concentrating