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Muhammad Waleed
Waseem Liaquat
Umar Farooq
Poverty
Poverty
Absolute Poverty : A situation where
individuals dont have access to basic requirements of life Food, Shelter and Clothing
Poverty
Half the worlds population, about 3 billion, live on less
than $2 per day. Malnutrition, lack of health care, substandard housing, and illiteracy breed desperation, disease and daily suffering. Poverty traps future generations in a vicious cycle without hope or opportunity.
Poverty Statistics
Almost 30,000 children under the age of five die
refers tovery poor refers to people living on less people living on less than $1 per day or in the bottom half of those living below their nations poverty line. in poverty above $1 per day or the upper half of those living below their nations poverty line.
Causes of Poverty
Decline in overall national Lack of access to
national growth Political instability Natural disasters Corruption Socio-economic disparities and disparities and prejudices prejudices. .
education Lack of infrastructure Lack of relevant laws &administrative procedures Lack of access to investment & credit, complete market information
Effects of Poverty
Without the security of formal jobs, each day the poor
work from dawn to dusk the poor work from dawn to dusk
All or most of the money earned go to basic survival.
nutrition or health care for ones family, children grow up at greater risk of acquiring a life threatening or disabling disease.
If one cannot afford to educate ones children, it will
livestock, there are few opportunities to build assets that will last over time.
capita: $300) Republic of Liberia (GDP per capita: $500) Republic of Zimbabwe (GDP per capita: $500) The Solomon Islands (GDP per capita: $600) Republic of Somalia (GDP per capita: $600)
Poverty in Pakistan
Smuggling
Overpopulation Unemployment Lack of education Law and order situation Foreign Investment
Governments Expenditures
It is estimated that around 5 Crore is spent on the
security of Prime Minister and the President Monthly expense of 1 minister = 30 Lacs, Monthly expense of 96 minister = 288000000 (28 Crore80 Lacs
CORRUPTION
and dont care about the fact if money is being earned by fair means Only one relationship that is exists in society is money. One has to pay a heavy cost to get his right. Institutions have failed to provide justice to common Citizens.
Inflation
Poverty in Pakistan is increasing because of general
Smuggling
Pakistan was recently facing the shortage of sugar and
wheat due to the smuggling these items to neighboring countries. Pakistan is the 7th largest wheat producing, its consumption was 20 Million ton and produced 23 million ton recently Similarly Pakistan is the 4th largest sugercane producing country, but due to stocking habits of its ownersIt was facing severe sugar crises
Unempoyment
International Labour Organization defines, occurs
when people are without jobs and they have actively sought work Unemployment rate in 2009was 7.40 which is doubled in 2010, the current rate is15.20% When peoples are unemployed they consume the resources but are unable to contributein overall economy, which results in overt.
Role of IMF
IMF loans usually come with conditions, restrictions and
requirements imposed by IMF on the borrowing country Pakistan is also seeking the help from IMF on very dangerous conditions which are causing more poverty in the country. Some of the conditions are Listed Below: Put an end to subsidies on all products. Taxes should be increased. Govt. expenditure should be stop. cut military spending by almost a third