One third of Pakistanis live below poverty line: Report

Staff Reporter

Islamabad—Nearly 60 million people live below the poverty line in Pakistan, making almost a third of the country poor under a new formula adopted by the government to measure poverty.
The report, from Pakistan’s Planning Commission, estimates that adults up to 7.6 million households are earning less than 3,030 rupees per month ($30), raising poverty levels to 29.5 percent from nine percent under former estimates.
The released report, calculates poverty by the cost of basic needs (CBN) rather than by food energy intake (FEI) as previously, saying the change was made in accordance with best international practices.
The government of Prime Minister Nawaz Sharif has been striving to boost an economy dragged down by security issues and a crippling energy crisis.

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