ISLAMABAD Aug 30 (TNS): Ministry of Planning Development and Reforms on Wednesday informed the Senate that about 29.5 percent population is living below the poverty line.
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In a written reply the ministry said, that approximately 55 million people are living the poverty line and the ratio is calculated by using the latest available estimates Household Integrated Economic Survey data (HIES) 2013-14.
The CBN method determines the poverty line by using minimum consumption bundle comprised of food and non-food essential consumables necessary to live.
In this regard a food poverty line is calculated by taking the average spending on food of households, based on minimum threshold of 2350 level of calorie intake and calculates expenditure on non-food items like shelter, clothing, education, health to obtain a CBN poverty line, which can be regularly updated for inflation, using the Consumer Price Index (CPI) to track poverty over time.
This poverty line is translated into Rs. 3030 per adult equivalent per month, he added
