Poverty refers to the condition of not having the means to afford basic human needs such as clean water, nutrition, health care, education, clothing and shelter.
Poverty reduction depends on the overall economic growth. Since Pakistan has a developing economy so the rate of poverty here is very high. Due to political instability for the past so many years the country is facing the worst economic crises. Corruption in various departments discourages investor to invest here in Pakistan. This in result affects the economy and leads to the financial crises and poverty.
Because Pakistan is badly hit by poverty, the need is to reduce the poverty by providing basic necessities to every citizen and to improve the quality of life of the people of Pakistan. And by reducing the gap between rich and poor.
Economic development requires extending property rights to the poor, especially to land. Financial services, notably savings, can be made accessible to the poor through technology, such as mobile banking. Aid and government support in health, education and infrastructure helps growth by increasing human and physical capital. All this will boost economy and consequentially motivate investor to invest in the country.
Following measures if properly taken will definitely reduce poverty to a great extent.
Economic liberalization, extending property rights protection to the poor is one of the most important poverty reduction strategies a nation could take.
Capital, infrastructure and technology, Investments in human capital, in the form of health, education, good infrastructure, and financial services made accessible to the poor, all is needed for economic growth.
Aid is a basic income grant, a form of social security periodically providing citizens with money
Good institutions, efficient institutions that are not corrupt and obey the rule of law make and enforce good laws that provide security to property and businesses.
Empowering women, when more rights and opportunities were given to women, they begin to receive more education, thus increasing the overall human capital of the country which leads to economic growth.