Share Essay On Poverty In Pakistan Abundance and poverty are the two contrasts present on the face of the earth similar to brightness and darkness.
Thanked Times in 59 Posts Poverty Alleviation Poverty Alleviation By Sohail Ashfaq Malik Poverty is a multi-faceted phenomenon manifesting itself in a vicious circle; low saving and investment results in low income, poor education, lack of health facilities, unequal distribution of wealth and poor infra-structure.
The goal for human development is to increase human capabilities and the level of choices. This will results in a benign and better environment in which humans are given sovereignty and respect.
Due to rapid globalization, countries and their economies are becoming more integrated, it also brings evil effects of rich countries on poor and under-developing countries.
This widens the gap between the rich and the poor countries of the world, the poor become poorer and the rich become richer.
The poor countries of the world have to reorganize themselves to extract the benefits of globalization and avoid the perils of globalization. They should not beg for loans from the Godfathers of the international arena.
Poor countries are also infected because of the so-called economics reforms like downsizing and rightsizing, concomitant the unemployment and increase in the number of poor.
Policy makers assumed that this statement could be made possible because of the brisk economics growth in India and china.
Eight millennium goals were also there on the agenda to achieve. The international institutions are doing their job to some extent. These situations also reduce the chances of direct foreign investment in these countries, which use to be considered as the catalyst of economics growth.
But the flow of direct foreign investment DFI is also induced by the geopolitical situations of the region. As far as poverty in Pakistan is concerned, the situation is deteriorating.
Many factors are responsible for this influx of poverty. This country has been facing political turmoil and shutdowns. People have been elected on the basis of their cast and their pervasive influence on the society, uncountable wealth earned from huge and tremendous corruption.
Out of 55 years of independence we face 28 year of military dictatorship which concomitant loss of Bangladesh, hunger, lack of clean water, lack of health care, huge amount of debt burden, unequal distribution of wealth, unemployment, inflation, and irrigation water problems.
Nuclear tests of May 28ththe September 11th incident of and the war in Afghanistan have all had negative consequences like cancellation of export orders most from USsuspension of cargo and passenger flight and imposition of war risk charges WRS.
Another bitter reality is that for past three fiscal years 1. Pakistan has a population of 14 million out of which 40 million are living below the poverty level; funds have been allocated on various projects for the improvement of infrastructure and communications, now that is has been realized that the main problem Pakistan has been facing is poverty.
In Pakistan, the poverty level varies from province to province. NWFP has the highest rural and urban poverty followed by Punjab. Another obstacle in the way of poverty alleviation is that funds are given not for the purpose of poverty alleviation but to obey the foreign donor and to say YES to them.
Tension on borders is also a vital factor that contributes to salinity in the pool of poverty. If this phenomenon carries on for longer period of time, much of the resources reserved for poverty alleviation and for other social action programs will be deployed on military purposes.
The social indicators, which explain the picture of poverty in a country, are showing a declining trend in Pakistan as compared to those countries, which have same income level.
Poverty alleviation is also disturbed because of the loopholes of ineffective policymaking, bureaucracy Red-tapism and political instability in the system. It is commonly said that the signing of poverty alleviation and growth facilities PRGF program for the assistance of 1 billion dollars is also need of the time.
In the regard government hit two birds with one stone, fulfilling the foreign reserve shortage and for poverty alleviation.
The reality is that policies for poverty alleviation and other social developmental programs are half-baked. Poverty alleviation and growth facility PRGF is a buzzword.
The budgets of and will be dictated by donor authorities, so one expect that there will be new lot of taxes, customs duties, surcharges in the name of collecting revenue instead of broadening tax base stopping tax evasions and educating people. Signing of PRGF paper is followed by a rescheduling of The expected reduction in official debt is expected to be 1 billion dollar per year; the important point is that the loan, which is rescheduled, 70 percent of it is already on concessional terms.
The real support will be if the high-interest loans would be retired first. The real purpose of seeking rescheduling the debt is to relieve resources and put them on productive public investment to stimulate growth and ultimately alleviate poverty because the poverty alleviation heavily depend upon rapid growth.
The international godfathers are also insisting on eradicating child labor which is not possible because in countries like Pakistan child labor is indispensable, a child may be the only earning hand of his family, eradicating child labor mean increasing level of poverty and unemployment.
Therefore it is important to bring changes on the micro and macro level. Easy access to education, health and food should be given to poor.
If Pakistan is able to create an abiding peace with its neighbors, it can become a favorite destination of DFI and if this will happen it will reduce the poverty and social deprivation.The care principle of Pakistan’ poverty alleviation strategy is to empower the people and to create greater opportunities for increasing real income by improving access to productive assets mainly housing, land an credit.
Access to credit is the surest way of empowering . Poverty Levels in Pakistan Report on poverty in Pakistan issued by Asian Development Bank () reflects that more than 12 million people were added to the ranks of .
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Essay on poverty alleviation in pakistan Home» Articles» General» Economic Problems of Pakistan. The economy of Pakistan is the 47th largest in the world in nominal terms of purchasing power parity.
Pakistan has a Sami industrialized economy.
Which mainly encompasses textiles, Chemicals, Food processing, Agriculture and other industries. Poverty alleviation is imperative if a country is to attain prosperity, honour and self-reliance in comity of nations.
Pakistan’s economy is in a downward spiral. Inflation is rising, foreign reserves are plummeting and the government is in danger of defaulting on its foreign debt.