Historical Perspective of Poverty in Pakistan: Identifying Key Determinants / Strategies

Abstract

Poverty is the most important problem for every society and political leadership. The political leaders failed to seek solution to the poverty in society. Poverty also encompasses poor health and individual cannot cover basic needs such as food, housing, and clothes. The present study is focused on historical perspective of poverty in Pakistan. The reasons for rising poverty in Pakistan are discussed and important factors are enumerated that could dent poverty. On the basis of the systematic literature review of past studies, the key policy variables are highlighted to reduce poverty. The concept of poverty reduction is multi-dimensional phenomenon which requires macroeconomic management as well as poverty targeted programs. Among the macro-economic management, the sustainable inclusive growth with special focus in reducing income inequality is highly important for addressing poverty in Pakistan. The micro financing for small enterprises and skill enhancement of the marginalized people have the ability to reduce poverty in Pakistan. The policy mix based on efficient management of macroeconomic indicators coupled with targeted poverty reduction strategies are helpful in addressing poverty in Pakistan.