Fall in poverty but no rise in standard of living! Doesn't that sound paradoxical? This assessment from World Bank on Pakistan's socio-economic situation is indeed confusing. Let's have a look at this assessment — contained in the Bank's flagship annual report 'Pakistan Development Update' released on Tuesday — with all its details.

The international lender claims that Pakistan's poverty rate has decreased to 22.2 per cent and would sink further to pre-Covid levels this year, simultaneously mentioning that the........

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