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13.1% of Pakistan's urban population lives below poverty line: World Bank

11:41 AM | 24 Sep, 2015
13.1% of Pakistan's urban population lives below poverty line: World Bank
LAHORE (Staff Report) - According to a World Bank report, 13.1% or one in eight people living in urban areas live below the national poverty line.

Pakistan has the lowest percentage of urban poverty among the top five most populous countries in South Asia, but the according to the World Bank statistics, the poverty level is till high compared to other Asian countries.

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South Asia’s urbanization has been messy as seen in the widespread prevalence of slums.  At least 130 million South Asians—equivalent to more than the entire population of Mexico—live in informal urban settlements characterized by poor construction, insecure tenure and underserviced plots.

One big reason is that its urbanization has been messy and hidden, according to the report titled, “Leveraging Urbanization in South Asia: Managing Spatial Transformation for Prosperity and Livability.”

South Asia’s policymakers, the World Bank report says, face a choice: Continue on the same path or undertake difficult and appropriate reforms to improve the region’s trajectory of development. It won’t be easy but such actions are essential in making the region’s cities prosperous and livable.

Nudrrat Khawaja is a journalist and a member of the staff.

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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