BS- FINAL YEAR (MORNING)
SUBMITTED TO: SIR NISAR AHMED ZUBAIRI
190503664775ASSIGNMENT: POVERTY & ITS EFFECTS IN PAKISTAN
Poverty is a multi-dimensional phenomenon where poverty of income is not just single issue. Other human deprivations include lack of education, ill health, social exclusion, discrimination on the basis of ethnicity, gender or religion and political repression. Poverty in its narrow definition is simply lack of adequate food or income but in the broader spectrum it is lack of access to opportunities.
The critics claim that poverty is on the rise in Pakistan, but the Economic Survey of Pakistan 2004-2005 comes out with statistics of GDP growth at 8.4 per cent which makes Pakistan the fastest growing economy after China. It means Pakistan’s growing poverty lies with the successive governments’ failure to translate economic growth into poverty reduction and sustainable development prospects for the poor. Hence, We can draw several lessons from Pakistan’s failure to reduce poverty even when it experienced reasonable economic growth.
The Oxford Dictionary defines poverty as “the state of being extremely poor where in one lacks the basic human needs such as Food, water, sanitation, clothing, shelter, health care and education”.
It is very difficult to draw a demarcation line between affluence and poverty.
According to Adam Smith, “Man is rich or poor according to the degree in which he can afford to enjoy the necessities, the conveniences and the amusements of human life”.
According to the United Nations fundamentally, “Poverty is the inability of getting choices and opportunities, a violation of human dignity. It means lack of basic capacity to participate effectively in society.”
According to International Labor Organization,“Poverty is a situation in which a person or household lacks the resources necessary to be able to consume a certain minimum basket of goods. The basket