Poverty reduced to half in Musharraf rule: WB report
By Mehtab Haider
ISLAMABAD: A World Bank survey has revealed that poverty in Pakistan was reduced by 50 percent on consumption-led growth of the economy under the rule of the former president, Pervez Musharraf.
“The percentage of the people living below the poverty line in Pakistan fell from 34.5 percent in 2001/02 to 17.2 percent in 2007/08,” World Bank said in its Country Partnership Strategy (CPS) paper, based on a survey conducted in fiscal year 2007/08. The bank is going to provide $6 billion to Pakistan on the basis of CPS findings.
According to Planning Commission officials, the PPP-led government asked the commission to conceal the results of the survey because the poverty started rising after the Musharraf’s regime.Read More »Poverty reduced to half in Musharraf rule: WB report