World Bank Study: Pakistan’s GST Increases Poverty, BISP Reduces Inequality

• World Bank study highlights GST as a major factor in rising poverty in Pakistan
• Targeted cash transfer schemes like BISP help reduce inequality
• GST takes over 7 percent of households’ pre-tax spending
• Low-income families are disproportionately affected by GST
• GST is identified as the main fiscal policy increasing national poverty rates

Source: timesofindia.indiatimes.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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