Abstract
Pakistan is a developing country and it has been showed remarkable development in many areas since its foundation in 1947. However, still some issues have not been handled properly, like poverty, corruption, load shedding, water crises etc. Apart from other issues, poverty is a big issue of the country and it can be observed more or less in every province. In this paper, we have analyzed the ground situation of district Ghotki, through surveys, which is considered last district of Sindh. We tried to find the problems of poor people of district Ghotki, observed their general life style, discussed their issues and inquired about government’s role to provide the people with basic necessities of life. In this paper, mainly qualitative method is adopted to reach to best conclusion. However, partially quantitative style could also be observed, especially where concepts of Microfinance are discussed. We realized that around 40% people of the district need microfinance services and they are ready to welcome Islamic Microfinance banks, because people don’t want to opt interest based conventional microfinance services, and secondly, conventional microfinance banks don’t have capacity to cover vast area of the district.
Highlights
IntroductionMore than eight million people across the world die each year because they don’t get basic necessities to survive.(Sachs, 2005) Countries have created special departments to control and reduce poverty and improve overall living standard of their people
Poverty is a world-wide big dilemma and needs serious attention everywhere
We realize that people are ready to warmly welcome Shariahcompliant products. They are not happy with the services of conventional Microfinance banks, because being Muslims, they do realize that their services are based on “interest”, which is strictly prohibited in Islam
Summary
More than eight million people across the world die each year because they don’t get basic necessities to survive.(Sachs, 2005) Countries have created special departments to control and reduce poverty and improve overall living standard of their people. According to Haughton and Khandkar, Poverty arises when people lack key capabilities, and so have insufficient income or schooling, or poor fitness, or lack of confidence, or a sense of helplessness or the absence of the rights, such as liberty of expressing their opinion or lack to power to fight for their rights. (Haughton, Khandkar, 2009) poverty is a multidimensional phenomenon and not an easy issue to handle. Our country since its foundation has been facing this issue till to date. Instead of solving the issue, more focus has been on politicizing it and using it just to gain votes and more popularity among poor
Sign-in/Register to view highlights & summary 
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call