ISLAMABAD:

The World Bank claimed on Tuesday that Pakistan's poverty rate decreased to 22.2% and it would sink further to pre-Covid levels this year, yet reiterating that the country's current economic growth rate was not enough to reduce poverty and improve the living standard.

The paradoxical statements by the lender underscore the emergent need for the latest credible data, as the World Bank too has assumed the poverty reduction by running a simulation exercise on 2019 consumption data of Pakistan.

The Washington-based lender released its flagship annual 'Pakistan Development Update' report, which showed a declining trend in poverty, marking a departure from it's a month-old statement that the current economic model cannot reduce poverty.

The World Bank on Tuesday also upward adjust

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