Karachi, Nov. 15 -- Pakistan's long-standing progress in reducing poverty has come to a halt, economists cautioned at the Fifth Annual International Conference of the School of Economics and Social Sciences (SESS) at IBA.

The event, themed "A New Global Order, Yet Again," featured a panel titled "Pakistan at a Crossroads: Poverty, Growth, and the Global Shift," where speakers unpacked the World Bank's first full Poverty Assessment in two decades, as reported by The Express Tribune.

According to The Express Tribune, the assessment, which depicts Pakistan's poverty rate, which had fallen dramatically from 64.3 per cent in 2001 to 21.9 per cent in 2015, has stagnated or worsened since 2018-19.

This reversal is the consequence of overlappi...