Pakistan poverty rate climbs to 29 percent amid rising unemployment

Pakistan's poverty rate has increased to 29 percent as the country faces significant economic hurdles. One in six people in Pakistan has remained unemployed since 2018.
Every year, 3.6 million young people enter the national job market. The International Monetary Fund forecasts a 1.3 percent economic contraction across Pakistan, the Middle East, and North Africa.
To achieve an annual economic growth rate of 6 percent, Pakistan requires accelerated structural reforms. The World Bank has stressed the necessity of making the private sector a more powerful driver of job creation.
Reforms that generate private sector-led growth and create more employment opportunities across the economy have been called for by the World Bank. Meezan Bank announced a profit of Rs. 74 billion for the first nine months of the year.
The government announced the provision of 500,000 Chromebooks for students.




















































































