Abstract
Poverty is one of the main problems faced by the Pakistani economy that hinders economic growth and development. To surge the key elements, involved in poverty, this paper examines the effect of remittances, terrorism, GDP at factor cost, public spending on education and urbanization, on poverty reduction by apply VECM techniques, on data slab 1971 to 2018. Scales of some variables were transformed to log form to normalize them. The Johansen Co-integration shows long run relationship amongst the selected variables. The empirical results reveal that remittances, GDP at factor cost, public spending on education and health significantly play its role to alleviate poverty. Government must take some necessary steps involved in remittances receiving by poor household. The social protection programs must be extended to rural areas of the country so more people can be benefited from such programs.
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