“…The earlier studies show that in Pakistan, the incidence of poverty was high in the 1960s and its extent was reduced during 1970–1980. Then, it started to increase again to its previous level in the 1990s; however, it experienced a declining trend again later in the 2000s (Abrar‐ul‐haq, ; Amjad & Kemal, ; Arif, Nazli, Haq, & Qureshi, ; Chaudhary, ; Government of Pakistan, ). However, according to World Bank (), it is difficult to justify the declining trend of poverty incidence in Pakistan as the macroeconomic indicators such as inflation, remittances, real wage rate, employment level, access to assets, and ownership are depicting different situations in the same period.…”