The World Bank declared the budget of the Benazir Income Support Program insufficient to eradicate poverty.
The World Bank has emphasized vehicle procurement, cost reduction, salary and pension structure reforms.
The World Bank report has said that poverty was less 20 years ago, the budget of the Benazir Income Support Program will have to be increased.
The World Bank has said that poverty has been increasing in Pakistan for the past 20 years, poverty is likely to decrease from 39.4 percent to 35 percent in the next financial year.
The World Bank has said that 350 million dollars under the Rise to program will be received soon with the approval of the board, the economic growth of Pakistan can be up to 1.7% this fiscal year.
The report also states that this fiscal year, 1.6 billion dollars will be released for federal and provincial projects.
The report said that there is a lack of confidence among people to invest in the real estate sector, the growth of agriculture sector may be 2.2 percent, industry 1.4 percent, services sector growth 1.5 percent.
According to the World Bank, this financial year inflation may be 26.5% and current account deficit may be 1.4% of GDP, fiscal deficit may be 7.7% of GDP and debt to GDP may be 72.4%.
The report states that energy mix projects can reduce energy prices in 5 to 10 years, energy prices are high in Pakistan due to dependence on imported fuel, energy tariffs have been kept low, which has increased the problems of revolving credit, energy Reforms in the sector are inevitable, addressing distribution and transmission issues.
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