Only ten percent increase in food prices pushes 3.5 million more Pakistanis into extreme poverty (earning below $1.25 a day), noted by Asian Development Bank (ADB) in its recent study report released on Monday. The study says that a 10 per cent rise in prices could push 3.5 million more people to drop to or below the $1.25-a-day income mark. Spending on food already accounts for half the total budget of low-income households.We are praying for His Mighty hand upon us. In Pakistan Nearly 40 million people live on less than a dollar a day, with 25 million unemployed.
Only ten percent increase in food prices pushes 3.5 million more Pakistanis into extreme poverty (earning below $1.25 a day), noted by Asian Development Bank (ADB) in its recent study report released on Monday. The study says that a 10 per cent rise in prices could push 3.5 million more people to drop to or below the $1.25-a-day income mark. Spending on food already accounts for half the total budget of low-income households.We are praying for His Mighty hand upon us. In Pakistan Nearly 40 million people live on less than a dollar a day, with 25 million unemployed.
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