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Is poverty an unsolvable problem in Pakistan?

Raabiya Babar 04:38 PM | 17 Oct, 2021
Is poverty an unsolvable problem in Pakistan?

In 2015, no less than 193 countries of the United Nations General Assembly adopted the 2030 agenda for sustainable development, the first and foremost goal of which was to “end poverty in all forms everywhere”. Nations are constantly striving towards empowering vulnerable communities, by building capacity and working on resource distribution. However, still, a sizeable percentage of the global population lives below the poverty line. Does the pertinent question remain as to why poverty is still an unsolved problem? 

Recognizing the growing connection between poverty and the environment, United Nations has declared this year’s theme for the International Day for the Eradication of Poverty to be “Building Forward Together: Ending Persistent Poverty, Respecting all People and our Planet,” which is highly significant in the current global landscape of the challenge.   

To curb social and environmental injustices, action must be taken at the grassroots level, and an effective way to ensure such action is engendering public-private partnerships. Private organizations or NGOs could work together with the government to fulfill the needs of various communities. One such example of a successful partnership is of Pakistan Poverty Alleviation Fund. 

PPAF is the lead agency implementing the two flagship initiatives under National Poverty Graduation Initiative (NPGI) of Ehsaas program of the Government of Pakistan. These include the Ehsaas Interest Free Loan (IFL) program and the National Poverty Graduation Programme (NPGP) financed by the Government of Pakistan and the International Fund for Agricultural Development (IFAD). This program is contributing to the Ehsaas Amdan program. These initiatives are helping millions to move out of the vicious cycle of poverty. 

Under NPGP is a flagship initiative of the Pakistan Poverty Alleviation Fund (PPAF), contributing to the Ehsaas Amdan Programme, supported by the International Fund for Agricultural Development (IFAD) and the Government of Pakistan. As part of the program, more than 72,160 assets including livestock, items for small enterprises such as grocery, mobile repairing, spare parts, cloth shops have so far been distributed amongst the poorest of the poor in addition to training as capacity building of the beneficiaries. The program has proven to be a ray of hope for many underprivileged families. Likewise, 1,556,808 Interest free loans to poor households have been provided so far to enable them to initiate small enterprises to earn sustainable livelihoods. 

The organization has worked in multiple other domains such as health, education, tourism, and power generation by joining forces with many international and national donors. They have collaborated with Italian Government through the Agency for Development Cooperation (AICS) for providing livelihoods, setting up small infrastructure schemes, and providing skill-based training to youngsters in districts of Balochistan, Khyber Pakhtunkhwa, and ex-FATA. 

The Livelihood Support and Promotion of Small Community Infrastructure program (LACIP) were initiated by PPAF in 2012 with the financial support of the Federal Republic of Germany through KfW. It aims to improve general living conditions, reduce vulnerability to disasters and increase income-generating opportunities for the poor in 8 selected districts of Khyber Pakhtunkhwa.

Such interventions are impacting people at a mass level, spurring the change from the very bottom. Whether it is facilitating the poor during the pandemic, enabling them to improve their skill set, or developing the overall capacity of vulnerable communities, efforts of PPAF have resulted in a positive change as a model of reducing poverty. 

The author is a communication professional associated with Pakistan Poverty Alleviation Fund (PPAF) and can be reached at raabiya@ppaf.org.pk.

Raabiya Babar

Raabiya Babar is a communication professional associated with Pakistan Poverty Alleviation Fund (PPAF) and can be reached at raabiya@ppaf.org.pk.

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 03, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 272.25 273.25
Euro EUR 297.32 297.65
UK Pound Sterling GBP 333.31 333.61
U.A.E Dirham AED 73.03 73.33
Saudi Riyal SAR 71.49 71.80
Australian Dollar AUD 188.9 191.3
Bahrain Dinar BHD 712.73 720.73
Canadian Dollar CAD 200.95 203.15
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.11 39.51
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 877.76 886.76
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.76 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 212,900 on Friday. The price of 10 grams of 24k gold was recorded at Rs182,530.

Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 212,900 PKR 2,420
Karachi PKR 212,900 PKR 2,420
Islamabad PKR 212,900 PKR 2,420
Peshawar PKR 212,900 PKR 2,420
Quetta PKR 212,900 PKR 2,420
Sialkot PKR 212,900 PKR 2,420
Attock PKR 212,900 PKR 2,420
Gujranwala PKR 212,900 PKR 2,420
Jehlum PKR 212,900 PKR 2,420
Multan PKR 212,900 PKR 2,420
Bahawalpur PKR 212,900 PKR 2,420
Gujrat PKR 212,900 PKR 2,420
Nawabshah PKR 212,900 PKR 2,420
Chakwal PKR 212,900 PKR 2,420
Hyderabad PKR 212,900 PKR 2,420
Nowshehra PKR 212,900 PKR 2,420
Sargodha PKR 212,900 PKR 2,420
Faisalabad PKR 212,900 PKR 2,420
Mirpur PKR 212,900 PKR 2,420

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