The latest bi-annual report from the World Bank signals a concerning trajectory, showing Pakistan slipping into poverty, prompting alarm. Real Research, an online survey app, revealed that 49.80% of the respondents were aware, 39.37% were vaguely aware, and 10.83% were unaware.

Highlights:

  • 67.32% of the respondents think that Pakistan’s approach to addressing its issues inspires other countries facing similar challenges.
  • 66.47% of respondents support Benhassine, the Pakistani World Bank director’s swift plan for credible reform.
  • 64.45% of the respondents think Pakistan will get financial assistance from developed countries.

Pakistan Slipping Into Poverty

According to Bloomberg, Pakistan’s economy is set to grow 1.8% in the current fiscal year ending June 30 and will expand to 2.3 in the following year and 2.7% in 2026. This signals Pakistan slipping into poverty; 52.85% of the respondents said they were extremely concerned about this news.

Pakistan-slipping-into-poverty
Figure 1: Respondents concern on Pakistan slipping into poverty

Survey on Pakistan Slipping Into Poverty

A recent International Monetary Fund report showed that Pakistan’s external financing requirements at $120 billion for the next five-year period. 64.45% of the respondents think Pakistan will get financial assistance from developed countries.  

Pakistan-will-get-financial-assistance-from-developed-countries
Figure 2: If Pakistan will get financial assistance from developed countries

Pakistans Economic Crisis

Najy Benhassine, the World Bank’s country director for Pakistan, said that developing an articulated reform implementation plan that is ambitious, credible, and shows quick progress is now essential to restoring confidence. 66.47% of the respondents agree with this.

Poverty in Pakistan

67.32% of the respondents think that Pakistan’s approach to addressing its issues inspires or influences other countries facing similar challenges.

Pakistans-approach-to-its-issues-inspire-other-countries
Figure 3: Does Pakistan’s approach to its issues inspire other countries with similar challenges?

Methodology

Survey TitleSurvey on Pakistan Slipping Into Poverty
DurationApril 10 – April 18, 2024
Number of Participants6,000
DemographicsMales and females, aged 21 to 99
Participating Countries Afghanistan, Algeria, Angola, Argentina, Armenia, Australia, Azerbaijan, Bahrain, Bangladesh, Belarus, Benin, Bolivia,… Brazil, Brunei, Bulgaria, Burkina Faso, Cambodia, Cameroon, Canada, Chile, China, China (Hong Kong) China (Macao), China (Taiwan), Colombia, Costa Rica, Croatia, Czech Republic, Ecuador, Egypt, El Salvador, Ethiopia, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Greanada, Guatemala, Honduras, Hungary, India, Indonesia, Iraq, Ireland, Israel, Italy, Ivory Coast, Japan, Jordan, Kenya, Kuwait, Kyrgyzstan, Latvia, Lebanon, Libya, Lithuania, Malaysia, Maldives, Maluritania, Mexico, Moldova, Mongolia, Morocco, Mozambique, Myanmar [Burma], Namibia, Nepal, Nicaragua, Nigeria, Oman, Pakistan, Palestine, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Sierra Leone, Singapore, Slovakia, South Africa, South Korea, Spain, Sri Lanka, Tanzania, Thailand, Togo, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Yemen, Zimbabwe.