Poverty in Pakistan shot up to 39.4 per cent as of last fiscal year as 12.5 million more people are suffering amid poor economic conditions, the World Bank has said, urging the cash-strapped country to take urgent steps to achieve financial stability. Unveiling draft policy notes, the Washington-based lender said that poverty in Pakistan rose within one year from 34.2 per cent to 39.4 per cent, with 12.5 million more people falling below the poverty line. About 95 million Pakistanis now live in poverty, it said. Pakistan Economic Crisis: A woman checks rice prices at a main wholesale market in Karachi. (AFP) “Pakistan’s economic model is no longer reducing poverty, and the living st
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