Young Pakistani woman makes a traditional ralli quilt. Although Pakistan has reduced levels of absolute poverty significantly, about two-thirds of the population are just a disaster or emergency away from falling back into destitution. Photo by: Visual News Associates / World Bank / CC BY-NC-ND

Over the past two decades, Pakistan has made significant strides not just toward reducing levels of absolute poverty but also increasing shared prosperity.

During the period, the real per capita consumption of the bottom 40 percent of its population grew faster than that of the top 60 percent — even at the height of the global economic crisis. Between 2008 and 2011, for instance, the average consumption per head of the bottom 40 increased 1.4 percent; average spending of the top 60 grew by a meager 0.1 percent.

This article is for Devex Members
For full access to the content of the article sign in or join Devex.

About the author

Aimee ocampo 400x400
Aimee Rae Ocampo

In her role as editor for business insight, Aimee creates and manages multimedia content and cutting-edge analysis for executives in international development. As the manager of Development Insider, Devex's flagship publication for executive members, she is constantly on the lookout for the latest news, trends and policies that influence the business of development.


Join the Discussion