Urban Poverty rises persistently in Pakistan

A little boy carrying bag of waste in the urban areas of Pakistan.

A little boy carrying waste of bag in the urban areas of Pakistan.

Pakistan has been reported to be a place which is dangerous for human life; it faces range of challenges from lack of the good governance to the inequality of the wealth. Poverty rises as consequences of these challenges, which Pakistan is facing severely as a whole, however according to annual report recently issued by the State Bank of Pakistan, population in the urban areas is poorer than that of rural areas.
This is as a result of the poor economic growth, in addition to the high influx of the population to the urban areas. The distribution of the resources in urban areas is highly skewed than those of the rural areas, in urban areas 60% of the sources are availed by 20% of the population, in contrast this is not the case in rural area. It is worth mentioning here that the traditional perception of the urban and rural divide on the basis of economic prosperity is no more application in recent times.
Since 2008, country is facing an economic growth at a pace as low as 3%, ever since economy has remained sluggish. Average economic growth remained at 3%, contrarily in order to absorb the high influx of youth it must be high enough. On the other hand the wide range of the unemployment has forced the urban population into poverty, additionally savings ratio of economy as a whole is vanished. As reported by the State bank of Pakistan, for the FY-13 the national savings declined to 13.8pc, for sure which is a very bad indicator.
These facts and the statistics are enough to have a true picture of our economy; government is required to take immediate measure which could at least initiate the economic revival. It must take serious measures in order to pursue high economic growth, to reduce poverty and in order to improve human development. For this reasons it needs to consult experts, rather than relying on self-proclaimed economic rainmakers, who have been replicating the past policies. This is how we can End Poverty in Pakistan.

Comments Off on Urban Poverty rises persistently in Pakistan

Filed under Economy of Pakistan

Some National Statistics of Pakistan at the end of first half of FY14

Inflation fell to single digit; it declined from 10.9 in November to 9.2 in December.Finance-Chart-Statistics-Backgrounds-1000x750
Rupee appreciated 2.9 % in December after falling 8.9% against dollar in previous 5 months of same fiscal year.
Domestic debt growth declined to 3.5 %in July to august from 5.7 percent in the same period last year.
Fiscal deficit has also declined to 2.2 percent in Q1FY14 from 2.9 % in Q1FY13.
In the first half of the FY14 federal government borrowed a total of 716 PKR billion, and retired 47.6 PKR billion to the commercial banks. In the second quarter government is expected to retire central bank credit through its borrowing from commercial banks.

Comments Off on Some National Statistics of Pakistan at the end of first half of FY14

Filed under Uncategorized

Get one and change your life-“Veronica Decides to Die” by Paulo Coelho

Image

A must read novel by the author of all time bestseller.

The Brazilian author Paulo Coelho was born in 1947, who dreamt to be an author during his early ages when he was at school. However his family wanted him to be an engineer since it was the profession adopt by his father, however he made his dream came true by his dedication and the passion towards writing. He is amongst the best novelist of his times, and his novel Al-Chemist has been best selling book of all time. The Manuscript found in Accra is one of other widely read books among range of his publications.

“Veronica decides to die” is one of the best novels by the author. This novel is about a girl Veronika who has every thing in her life, she wished for. She is pretty and young with a number of boy friends. Her family loves her a lot and she a steady job as well and there is nothing which could make her sad or feel like she has any constraint in her life. But still she is not happy with her life. For that reason she took overdose of the sleeping pills, when she opened her eyes after a long time, she found herself in a local hospital. Although she was alive but she was told by the physicians that her heart has been damaged severely, this message gave her ultimate happiness since she decided to die, however later on she decided to think about her life. 

The story goes on and she starts questioning her ideas about life. She realizes that every second of existence in our lives is to make a choice between living and dying. In shortly she tries to find out what the actual meaning of living is, and the way she explores her life is inspirational. Well this novel also gives an insight about how do people have to deal with mental illness.

Well the doctor who treated Veronica during her illness in hospital is a central character of the novel; he is an ambitious, dedicated and inspirational physician with his eyes on alternative methods and techniques. The author being a wonderful storyteller with his ability to inspire people and is responsible for changing lives of several people, has uniquely wrote this novel which realizes us that every moment in our lives is special and precious. This book has changed many of the lives and has changed the perception of many people the way they think about their lives.

Reading an interesting book is worth than a hundred things, this is correct in case of the Paulo Coelho’s books and novels. The “Veronica decided to die” is such a kind of book in which the story is being told with a specific flow and an inspirational way. It has changed many of the lives, this is one of the best books in my list, and I highly recommend reading it. It is an excellent and a must read novel for all ages. So be quick get one and change your life. 

1 Comment

Filed under Uncategorized

Live a life rather than spend a life-Manuscript found in Accra by Paulo Coelho

ImagePaulo Coelho is a Brazilian novelist, lyricist and musician. He is also known as Paul Rabbit. He has become one of the most reputed novelists of his ages; Al-Chemist is one of his novels which remained among best selling books of the time, which has been translated into 67 languages across the globe. A total of 150 million copies of his best novel have been sold across the world. Paulo wanted to be a writer since his early ages when he was at school but his mother want him to be an engineer because his father had the same profession, but he choose to chase his dreams and made his place among the best writers of his times.

The book “Manuscript found in Accra” is one of the best publications of author. It is written with ultimate clarity, wisdom, coherence, and a beautiful voice. One of the best things about this book is creating the character “Sage” by the author; it is just like as he has done masterfully in his novel Al-Chemist. The usage of the landscapes of the Middle East, the Biblical, Easter and North Africa in his novel has given a special taste to novel, which completely drenches the readers concentration. The reader feels like as if he physically goes the mythic blends of these awesome places.

The book has the same essence like that of the Al-Chemist. I have become one of the great fans of the author after I read his book, the Al-Chemist and could not wait for reading another publication of the author. No doubt Mauscript found in Accra is another brilliant issue of the author because although it is simple but really meaningful and deep. It exposes some interesting questions ever. The writer with his majesty has made it simple but profound at the same time with the deep questions. Important thing about the novel is that it gives values to the important norms love, faith and change.

The book explicitly tells the readers how to find your true friends among the people, because many times in our lives it’s really hard to find a true friend and yeah expectations from our friends do hurt a lot. This book is has a great lesson finding your true friends. The book touches every one with its simple but profound words, and the important thing about this book is its philosophical touch which attracts its readers the most.

This book is less like a novel but more like a philosophic and spiritual teaching and lectures. It teaches how to live a life. This is more like a question answer book where a person Copt at the city of Jerusalem shares his philosophical views and wisdom about love, anxiety, loyalty, nature, and sex with the people before Crusades. Moreover this book has a similar flavor to Khalil Gibran’s book.  Many of the saying in this book are very much interesting, however a few are less interesting.

Personally I am a big fan of this book by Paulo Coelho because it taught me how to live a life instead of how to spend a life. 

Comments Off on Live a life rather than spend a life-Manuscript found in Accra by Paulo Coelho

Filed under Uncategorized

Great Opportunities for Investment in Energy-President and PM welcomes His Highness Prince Karim Aga Khan

The President and PM welcomed His Highness Prince Karim Aga Khan and discussed great opportunities for investment in energy in the country.

994406_10151765972756975_581033013_n

Enter a caption


Prince Karim Aga Khan– the spiritual leader of the Ismaili community met president and the prime minister on Monday and discussed the great opportunities for investment in energy sector. Both the president and the prime minister appreciated the developmental projects and the services of Prince Karim Aga Khan across the world particularly in Pakistan.
Aga Khan Development Network has provided its services in the sectors of education, health, poverty alleviation and the socio-economic uplift of society. It is a model network for the other development organizations, it develops, designs and executes its various project related to health, education, poverty alleviation, cultural heritage, and socio-economic upliftment with scientific lines and focuses on the improvement of the quality of life.
The Aga Khan Development Network Paksitan has helped socio-economic upliftment of the people through its various projects particularly in the northern areas of Pakistan. These projects have made tremendous impact on the lives of the people in improving the quality of life, provision of the better health facilities, access advanced education system and better infrastructure.
Northern Areas have various opportunities which can be utilized to overcome the energy crisis in Pakistan; the government of Pakistan in collaboration with the Aga Khan Development Network will explore the opportunities in order to overcome the energy crisis in Pakistan. The resources if utilized will have a positive impact on the economy of Pakistan as a whole.

Comments Off on Great Opportunities for Investment in Energy-President and PM welcomes His Highness Prince Karim Aga Khan

Filed under Economy of Pakistan, Energy Crisis

I do not favor PM Youth Loan Scheme do you?

I want to put few of my thoughts about the youth loan scheme just launched by Mr. Prime Minister.Image According to best of my understanding if any country wants its youth to progress; there must be adequate provision of publicly provided goods.  They must be given opportunity, money is mere a medium of transaction.

Due to inefficiency of the concern authorities, Pakistan is facing severe crisis in energy sector moreover various power projects are pending for decades. As a consequence, in summers the country face 12 to 16 hours of power outrage in areas where the average energy consumption is at a minimum level.

Well in case of Pakistan politics and economics are two separate fields, politicians do whatever they want to do, irrespective of whether its policy implementation is appropriate or not. However for the economic prosperity of country you have to consider all aspects and a combine effort is required. Unfortunately in Pakistan there is a huge gap between politics and economics.

Prime Minister aims to provide loan to the youth so that they will earn through entrepreneurship and they can launch small scale industries. To be realistic, may I ask Mr. Prime Minister that if I don’t get enough power security to operate my laptop how I can run a small scale industry? It has been observed across the country that many of the industries including both small and large have been shut down due to power outrage, and the resulting unemployment has increased the existing rate.

The sustainability aspect of the project is another issue. I am doubtful whether it is going to be sustained provided the current economic situation of Pakistan, or we need to expect the same result as that of the PM laptop Scheme, which were sold back to the market probably due to the power outrage or may be youth did not take interest. What so ever was the reason this project was not worth appreciated because prime minister wanted technological advancement without power security.

Even a lay man can understand that giving out money without adequate environment is not worth appreciated decision. Given the current situation, I am not going to apply for the loan, because for the proper utilization of the loan we need some pre-requisites which our country lack and I would suggest Mr. Prime Minister to think over the decision again.

In a nutshell, this project needs a proper review by policy makers and politicians together. The decision must be finalized after reviewing its sustainability and consequences in the long run. Additionally there is much more to talk about the current situation, better next time, else you would get tired!

 

1 Comment

Filed under Uncategorized

Pakistan needs Reforms for its Economic Revival

A lot can be done with the economy of Pakistan economy to lead the country towards imagesthe development path. Most importantly the civil society can play an important role. Developing world is growing at a pace around the world, there is lifting poverty and development has lifted life of the middle class to a comparatively great level. To make it possible in our economy we need to reform the domestic policies so as to create the stable economic environment.
In order to get the stable economic environment we need to manage industries in an outward oriented manner, reconstruction and diversification is required. The social capital should be mobilized as well as social subsidy should be given to the people.
Moreover there is an immense need of investing in the skill development of the people in the country; this will result promoting exports. According to recent statistics services sector contributes even more than that of agriculture sector to the national income. For this reason it is essential to provide trainings and technical education to the people. For example Singapore, Taiwan and Thailand invested billions of dollars for the skill development of the people; as a result they have developed economically.
Strengthening and regulation of political institutions is another important attempt which could help economic revival in the country. In a nutshell our economy will perform only reforms are brought about. By and large we need to agree on this thing; only structural reforms can strength economy of Pakistan.
There is a lot of literature in Pakistan, and many of the Think Tanks available in Pakistan need to work to have a positive result for economic revival.

Comments Off on Pakistan needs Reforms for its Economic Revival

Filed under Economy of Pakistan