Poverty level in a society is an important measure of the standards of living of the citizens. Poverty is commonly defined as an insufficiency of means relative to needs, or as a condition of moneyless ness. Poverty in the sense of moneylessness is not having enough basic medium of exchange to satisfy elementary human needs and to function economically and socially. Gerald Meier and JE Rauch define poverty “as the inability to attain a minimum standard of living” “Poverty is the parent of revolution and crime” said Aristotle about 3,000 years ago. Although Aristotle’s poverty-ambit may be overstatement, most present day economists and criminologists however tend to agree that role of poverty is not altogether negligible and that attacking poverty is attacking crime. Poverty has become a challenging problem for the economy of Pakistan. The government is trying her best to alleviate it. According to the Economic Survey of Pakistan, the poverty came down from 34.46% in 2000-01 to 23.90 in 2005-06. Objectives of the Study:
The study is based on secondary sources of data drawn from various sources such as Pakistan Economic Survey (various issues), Pakistan Statistical Year Book, Federal Bureau of Statistics, Censuses of Population, Punjab Development Statistics, State Bank Reports, etc
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Jamal, Haroon (2004) “Does Inequality Matter for Poverty Reduction? Evidence from Pakistan’s Poverty Trends” Social Policy and Development Centre Research Report Number 58. Social Policy and Development Centre, Karachi.
Arif, G.M. (2000). “Recent Rise in Poverty and Its Implications for Poor Households in Pakistan.” The Pakistan Development Review, 39(4), 1153-117.
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