Less than half of Pakistanis have access to sanitation and only two-thirds to electricity, a latest report by the World Bank has revealed.
The report, Reducing Poverty by Closing South Asia's Infrastructure Gap, is the first analysis of Pakistan's infrastructure needs by the World Bank.
According to the Express Tribune, the drawbacks of ignoring investments in transport, electricity, water supply and sanitation, solid waste, telecom and irrigation will lead to slow economic growth in Pakistan.
The report said that slow economic growth will inch up poverty and the development goals will never be achieved.
In terms of percentage, every year Islamabad will have to invest at least 6.6 percent and at most 9.5 percent of its total national output in meeting deficiencies in these critical areas, the report said.
Due to years of negligence and lack of investment only 67 percent of the country's population has access to electricity, according to the report.
To increase access and keep pace with the growth rate, Pakistan needs to invest from 3.7 percent of national output, or Rs 951 billion, to 5.5 percent, or Rs 1.4 trillion, per annum on electricity, the report stated.
Similarly, only 47 percent of the population has access to sanitation services. It will require up to Rs 208 billion per annum investment for reversing the trend, it added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
