Poverty can not be described. it can be
felt .it is one of the peculiar problem with which rasiuos
countries of the world particular third world are suffering
.According to vicious circle of poverty, less developed nations are
trapped by their own.
It has been estimated that a new poverty line is estimated using
cost of basic needs approach by taking patterns of consumption of
reference group. According to CBN methodology 29.5% of the
population is estimate to live below poverty line during FY2014
(Fiscal year 2014) poverty, due to which nation income of Pakistan
is low leads to lower employment opportunities for those who are
seeking for jobs but result is unemployment causes low savings and
The government is fully committed to follow a sustain poverty
reduction strategy and to allocate a minimum of 4.5% of GOP for
social poverty related expenditure BISP (benazir income support
program) is continuing to eradicate extreme poverty through
provision of cash transfers.
Pakistan poverty Alleviation Fund also provide assistance in micro
credit, water and infra structure, education, drought mitigation.
There are various types pf obstacles which are needed to reduce the
poverty line in Pakistan some of them are stated such as: Increase
in saving, control on rapidly growing population, use the advanced
We should use the modern methods of production in all sectors of
economy, check the inflation. In developing countries like Pakistan
, the purchasing power of the people is low due to high rate of
inflation. There should be a price stability in country. Optimum
use of natural resources, reduce the burden of internal & external
debts, BOP should be in surplus, enhance the economic growth rates.
So, the government should start projects and needs to install those
industries which are related to labour intensive.
It is major obstacle in way of economic development. Without its
economic development is impossible. Government should adopt labour
intensive technologies to remove unemployment and poverty.
University of Karachi