Friday, December 8, 2023

Pakistan’s Poverty Rate has Incresed to a Staggering 39.4%: World Bank

Pakistan is dealing with a big problem: poverty rates have gone up to 39.4% from 34.2% in just one year. This means that almost 95 million people in Pakistan are struggling with poverty, and about 12.5 million have become even poorer.

The World Bank, which helps countries with their money problems, is worried. They think Pakistan’s way of developing its economy hasn’t been working well.

There are several reasons for this problem. Prices for important things like food and electricity are going up, making it hard for people. Pakistan is also facing climate issues like floods and droughts, which make things even tougher.

Besides that, Pakistan has problems in its education and healthcare systems. Many kids aren’t getting enough good food, so they aren’t growing well and can’t learn properly. Sadly, some children are getting sick and even dying early. This is a very sad situation that needs attention and action.

The World Bank has a plan to help Pakistan for the next 10 years. One of their ideas is to collect more taxes from farms and businesses and make sure the tax system is fair. Right now, some people and companies aren’t paying their fair share of taxes, which is making the money problems worse.

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