JOHANNESBURG: Billionaires across the world’s major economies accumulated a staggering $2.2 trillion last year — an amount sufficient to lift all 3.8 billion people living below the poverty line — global charity Oxfam revealed on Thursday. The wealth of billionaires in the 19 G20 countries rose to $15.6 trillion, according to figures based on the […]
poverty
Zardari urges global unity to end poverty and inequality
President Asif Ali Zardari called for global efforts to end poverty and ensure equal rights for all during his address at the World Summit for Social Development in Doha on Tuesday. He emphasized that social integration must be rooted in equality, solidarity, and respect for human rights. Zardari urged the world community to build inclusive […]
PIDE Launches Pakistan’s First Digital Panel Survey Tracking 20 Years of Change
ISLAMABAD – The Pakistan Institute of Development Economics (PIDE) on Wednesday unveiled landmark findings from the Pakistan Panel Household Survey (PPHS) 2024, the nation’s first fully digital panel survey, which tracks economic and social change for more than 20 years. The survey’s results were presented at a seminar titled “Pakistan Panel Household Survey (PPHS): Key […]
Nearly 45% of Pakistanis now live below poverty line: World bank
ISLAMABAD – Poverty in Pakistan has worsened significantly, with 44.7% of the population now living below the poverty line, according to a recent World Bank report. This marks a steep rise from 39.8%, reflecting the economic strain facing millions of households. The World Bank revised its poverty benchmark for lower-middle-income countries to $4.20 per person […]
UN experts: Wages and social benefits should rise with inflation
Countries must ensure that social benefits and wages rise with inflation, otherwise people could starve or freeze in their homes, the United Nations’ poverty expert insisted on Monday. “It is not hyperbole to say that unless governments increase benefits and wages in line with inflation, lives will be lost,” said Olivier De Schutter, the UN […]
Pakistan idealises Chinese model to eliminate poverty, PM Imran Khan
ISLAMABAD: Prime Minister Imran Khan said Friday the world is facing multiple challenges spanning from climate change to poverty and food scarcity especially after the COVID-19 outbreak, Daily Times reported. While addressing virtually a ceremony in China, PM Imran Khan said for the developing countries, it was all-important to deal with the food scarcity challenge. […]
High Nigeria food costs push 7 million into poverty: World Bank
High inflation driven by soaring food prices has pushed seven million Nigerians into poverty, the World Bank said. In a new report, it commended Nigeria for buttressing its economy from fallout from the coronavirus pandemic but called for urgent measures to brake inflation and protect livelihoods. A major crude exporter, Africa’s largest and most populous […]
From rags to riches with chickens and rabbits
Special Assistant to the Prime Minister on Food Security Jamshed Iqbal Cheema inaugurated a project under which the Angora rabbit’s fur will be used to produce Angora wool. This wool will be used to produce shawls, which will consequently increase the production of wool products in Gilgit-Baltistan. The inauguration ceremony was held after the arrival […]
Pakistan Economic Survey 2020-21: LSM grew up by 9%, agriculture 2.77% despite bottlenecks, says Shaukat Tarin
ISLAMABAD: Finance Minister Shaukat Tarin is unveiling the Pakistan Economic Survey 2020-21 at a press conference in Islamabad and initiated the press conference by appraising Prime Minister Imran Khan’s policies in combating the coronavirus pandemic and the production of rapid vaccines to curb the deadly virus. The Pakistan Economic Survey is an annual report on […]
IRR points out 30% rise in poverty, 15 to 20 people ending lives daily
ISLAMABAD: Institute of Research and Reforms (IRR) Chairman Senator Rehman Malik urged the government to present a people-friendly and pro-poor budget for the upcoming fiscal year. In Pakistan, “with a 14 percent inflation rate, there is a 30 percent rise in the poverty rate, 80.5 million people are standing on the edge of the poverty […]