Re: World Bank: Pakistan Risks Crisis
Brother, don’t worry, I do understand economics more than you can think
Only differecne is that I do not lie like Nawaz and his goons, especially Daar and Ahsan about economics.
Pakistan poverty line measured traditionally is 2400 calories of intake per adult population, now that level has increased. This level is highest amongst countries of South Asia except Sri-Lanka and is also higher than China. Anyhow, here is a bit of conservative estimates from Wikipedia (with references available on the site) of what happened on Pakistan poverty front during last 25 years.
Poverty in Pakistan, is a major economic issue. Nearly one-quarter of the population is classified poor as of October 2006.[1]](Poverty in Pakistan - Wikipedia). The declining trend on poverty in the country seen during the 1970s](1970 - Wikipedia) and 1980s](1980 - Wikipedia) was reversed in the 1990s](1990 - Wikipedia) by poor Federal policies and rampant corruption.[2]](Poverty in Pakistan - Wikipedia). This phenomenon has been referred to as the “Poverty Bomb”****[3]](Poverty in Pakistan - Wikipedia). The government of Pakistan has prepared an “Interim Poverty reduction Strategy Paper” that suggest guidelines to reduce poverty in the country. According to the world bank, the program has had tangible success, with the World Bank stating that poverty has fallen by 5 percent since 2000[4]](Poverty in Pakistan - Wikipedia).
As of 2006, Pakistan’s Human Development Index is 0.539, higher than that of nearby Bangladesh (0.530), which was formerly a part of Pakistan, but lower than that of neighbouring India (0.611).
Incidences of poverty in Pakistan rose from 22–26% in the Fiscal Year 1991 to 32–35% in the Fiscal Year [1999. They have subsequently fallen to 25-26% according to the reports of the World Bank and UN Development Program reports.These reports contradict the claims made by the Government of Pakistan that the poverty rates are only 23.1%[5]. The CIA factbook places the 2006 poverty rate at 24 percent. [6]
**So, thugs (NS and BB) increased poverty in Pakistan from 22 percent in 1991 to 35 percent in 1999. since 1999, under President Musharraf, Pakistan poverty rate has fallen from around 35 percent to 23 percent. **
**Did you notice the tamgha (award) given to thugs period? It is ****poor Federal policies and rampant corruption **that caused increase in poverty.
Now Pakistan is back to same position bar an overseeing, powerful and concerned Presidential office. I hope for the sake of Pakistan, that similar ‘poor federal policies and rampant corruption’ does not start again, though I fear that same thing may start again even though one mega corrupt element, that is BB is not there.