ISLAMABAD: Pakistan has witnessed a sharp rise in poverty over the past four years, with the rate increasing by 7 percent, according to the latest findings released by the World Bank.

Poverty Rate Reaches 25.3%

World Bank Country Director for Pakistan, Ms. Bolormaa Amgaabazar, revealed during a press briefing that the poverty rate in the country has now reached 25.3 percent. The report highlighted a consistent upward trend in recent years, reversing the gains made earlier in the decade.

Yearly Breakdown of Rising Poverty

The data shows a worrying rise in poverty levels:

• 2021–2022: Poverty rate stood at 18.3%
• 2022–2023: Increased to 24.8%
• 2023–2024: Climbed further to 25.3%

This indicates a sharp jump in just three years, reflecting growing economic challenges faced by millions of Pakistanis.

Previous Decline Reversed After 2020

The World Bank report pointed out that until 2015, Pakistan’s poverty rate was declining by nearly 3% annually. Between 2015 and 2018, the decline slowed to 1% per year. However, after 2020, the trend reversed, and poverty began to rise again.

Limited Income Growth a Major Concern

The report noted that income levels in Pakistan grew by only 2–3% between 2011 and 2021, insufficient to offset inflation and rising living costs. Sectors such as agriculture had previously contributed to poverty reduction, but recent economic pressures have diminished these gains.

Key Takeaway

The World Bank findings stress the urgent need for comprehensive economic reforms, stronger social safety nets, and investment in income-generating sectors to address the growing poverty crisis in Pakistan.