World Bank data shows a debility in the country’s poverty line during the fiscal year 2020-21, said Prime Minister Imran Khan on Friday.
According to the post shared on Twitter from his personal handle, the prime minister said that from the World Bank’s approximation founded on an international poverty line of $1.90 PPP 2011 per day, the rate of poverty has fallen to 4.8 percent in FY21 from 5.3 percent in FY20.
PM Imran further informed about the estimation being carried out by the World Bank with regard to the record of the poverty line in his statement on the social media, “Acc to World Bank estimates based on an int poverty line of $1.90 PPP 2011 per day, poverty incidence has fallen to 4.8% in FY21 from 5.3% in FY20; & is expected to continue downwards to 4.0% by FY23. This is a result of our policies of productivity-led growth to create employment.”
Acc to World Bank estimates based on int poverty line of $1.90 PPP 2011 per day, poverty incidence has fallen to 4.8% in FY21 from 5.3% in FY20; & is expected to continue downwards to 4.0% by FY23. This is result of our policies of productivity-led growth to create employment.— Imran Khan (@ImranKhanPTI) October 29, 2021
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Imran Khan conveyed that it is likely to endure down to 4.0 percent before FY23. “This is the result of our productivity-driven growth policies,” said the Prime Minister.
Besides this, Prime Minister Imran Khan utilized Twitter to acknowledge the state on the Federal Board of Revenues’ (FBR) “achievement” of nurturing Rs 1.395 billion in taxes in the first quarter of the current fiscal year.
“This represents a 38 percent growth in revenue over the same period last year.”
Furthermore, the FBR informed in a Twitter statement that the IRS recorded “historic revenue growth of 38.3% in the first quarter of the fiscal year 2021-2022”.