World Bank Reports Sharp Downward Revision in Pakistan Poverty
From the Blog riazhaqOops! The World Bank made a big mistake. The number of Pakistanis living below the 2005 $1.25 poverty line (set at $1.44 for 2011) is 4.8 million, less than one-seventh of the 35.1 million reported earlier. It is a huge drop from about 20% of the population to 3% of the population living below the international poverty line. World Bank's Revised Poverty Estimates (Source: CGD) Poverty rates for many other nations, including India and Bangladesh, have also seen dramatic downward revisions. As a result, India now has 102 million poor, just slightly above China's 99 million. In fact, the new report has cut the world poverty rate in half from 19.7% to 8.9%. Reduction from 21% to 3% for Pakistan poverty is much sharper than the rest of the world because ICP 2011 found it to be the sepakistanblogs.blogspot.comRead Full Post
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