Poverty in Pakistan has fallen dramatically, independent bodies supported estimates of a considerable fall in the statistic by the 2007-08 fiscal year, when it was estimated that 17.2% of the total population lived below the poverty line.
The declining trend in poverty as seen in the country during the 1970s
and 1980s was reversed in the 1990s by poor federal policies and rampant
 This phenomenon has been referred to as the "poverty bomb". In 2001, the government was assisted by the International Monetary Fund (IMF) in preparing the Interim Poverty Reduction Strategy Paper that suggests guidelines to reduce poverty in the country
According to a report submitted by Ministry of Planning and
Development in the National Assembly of Pakistan, about 29.5% Pakistani
lived below the poverty line which translates into 55 million people.
As of 2017, Pakistan's Human Development Index (HDI) is 0.562, significantly lower than Bangladesh's
HDI, which is 0.608. Bangladesh was formerly another part of the
country and had a much lower HDI. Pakistan's HDI is one of the lowest in
South Asia, after Yemen, Afghanistan and Syria