The Nature of Poverty and Its Prospects: Pakistan Evidence

Herani, Gobind M and Rajar, Allah Wasayo and Wasim, Mohammad Pervez and Shaikh, Riaz Ahmed (2008): The Nature of Poverty and Its Prospects: Pakistan Evidence. Published in: Journal of Global Economy , Vol. 4, No. 3 (September 2008): pp. 183-194.

Abstract

This paper analysis the reasons of poverty, and identifies reduction strategies developed in Pakistan and its consequences. This exploratory study uses the secondary data for the analysis. Much has been written on poverty reduction in Pakistan. So many strategies are prepared and implemented in Pakistan; we have identified and analyzed these and found that no one is successful, and in the light of these results, it needs further contribution for the reduction of poverty. Trends have remained uneven during the study period. It is found that in 1970s, poverty decreased due to increase in prices of farm output and increase in remittance. In 1980s poverty decreased due to zakat distribution, increase in remittance growth in construction and services sector. Again after 2000 it reduced and much change is seen due to introduction of Microcredit, Khushhali bank and massive spending on poverty related and social sector. In the end implication are made for the better results of strategies and planning.

• Item Type: MPRA Paper
• Language: English
• Keywords: Poverty Alleviation Strategies; Zakat Distribution ; Microcredit ; Remittance
• Subjects: I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty > I31 - General Welfare, Well-Being; I - Health, Education, and Welfare > I2 - Education and Research Institutions > I28 - Government Policy; D - Microeconomics > D1 - Household Behavior and Family Economics > D14 - Household Saving; Personal Finance; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages; I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty > I32 - Measurement and Analysis of Poverty

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