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Pakistan’s Extreme Poverty Drops to 3.9 Percent: ADB

ISLAMABAD – In Pakistan, extreme poverty (or less than $ 1.9 a day) went from 28.6% of the total population in 2001 to 3.9% in 2015, said the Asian Development Bank (ADB) in a report.
ADB released the 50th edition of its annual statistical report, Key Indicators for Asia and the Pacific 2019, as well as an online database, Database of Key Indicators. The report adds that, on the basis of the national poverty line, Pakistan’s poverty ratio fell to 24.3 percent in 2015 from 64.3 percent in 2001.
The Urban poverty decreased from 50 percent in 2001 to 12.5 percent in 2015 while the rural poverty gone down from 70 percent in 2001 to 30 percent in 2015.
Global figures show that the number of people living in extreme poverty in Asia and the Pacific rose from 1.1 billion in 2002 to 264 million in 2015.
The region’s share of global gross domestic product (in US dollars) has exceeded one-third in 2018, while the region’s role in global value and destination chains for higher-value products value is also growing.
In 2000, Asia generated 23.0% of global export production revenues, which rose to 30.2% in 2018. Key Indicators 2019 presents the latest statistics on a comprehensive set of economic, financial and financial indicators, social and environmental, including: Sustainable Development Goals (SDGs) for the 49 regional members of the ADB.
The Key Indicator Database provides access to more than 1,000 statistical indicators from the year 2000 in a user-friendly and accessible interface.
“The 2019 key indicators show that the Asia and the Pacific region is increasing its strong contribution to the global economy and the pursuit of sustainable development goals,” said ADB Chief Economist Yasuyuki Sawada.
“As the region progresses towards achieving the Sustainable Development Goals, timely, reliable and detailed data remains crucial for the formulation, implementation and monitoring of policies and progress.”
The 2019 key indicators include the status of sustainable development indicators in Asia and the Pacific; regional trends and tables, including indicators on eight person themes; economy and performance; money, finances and prices; globalization; transport and communications; energy and electricity; environment; and government and governance.
(Sahar News Monitoring Desk)

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