In a decade Pakistan reduced poverty by 50%

[Zibago]

You are right that I used to see those utility bills in 2013/14. I just calculated the new prices and it turns out to be

411 rupees for first 100 units
589 from 100-200
= 1000 rupees for first 200 units

800 rupees between 200-300 = 800 rupees or 1800 rupees for first 300 units

But the point is most poor families try to use less than 100 units per month or average family do try to stay below 200 units to get special rate. That is easily achievable if you have just 1 fan and 2-3 lights in a small house

You forgot 200rs,nj surcharge and ptv bhatta tax

 

[Kambojaric]

I think we should only use 4$ a day povery benchmark that will reveal real poverty figure

On a domestic level yes, so that we can target poverty stricken areas more efficiently. Internationally the World Bank defines "extreme poverty as living on less than US$1.25 per day, and moderate poverty as less than $2 a day". Therefore it is also important to take note of this measurement as it affects our standing in global lists, and is important in measuring just how good/bad we are doing in relation to other countries both in the region and globally.

 

[Sully3]

indians coming on here in actual denial of how to reduce poverty

the truth is india doesn't want to deal with its poor people, they rather send people to mars then help improve the standard of poor. they rather be called a super power then make sure the children of the country don't go to sleep on a empty stomach. harsh reality but its true.

the class system will always be the down fall on india as people just don't care for the poor.

 

[Zibago]

On a domestic level yes, so that we can target poverty stricken areas more efficiently. Internationally the World Bank defines "extreme poverty as living on less than US$1.25 per day, and moderate poverty as less than $2 a day". Therefore it is also important to take note of this measurement as it affects our standing in global lists, and is important in measuring just how good/bad we are doing in relation to other countries both in the region and globally.

That is good for measuring extreme poverty and to see our progtess however we need to see our progress wiyh a more rralistic poverty line of 4$ a day it will help us understand regions of concern in a better way

 

[Kamikaze Pilot]

Pakistan has made substantial progress in reducing poverty since the turn of the century, declining from 64.3% percent in 2001 to 29.5% percent in 2014. 38% of all households are now considered to be middle-class, while another 4% are upper class.

Hurricane-Strength Tailwinds Traverse Pakistan
Feb. 3.17 | About: Global X (PAK)


Steve Auger

Research analyst, special situations, long/short equity, ETF investing

Pakistan, known for unrest, coups and poverty, has been making progress in the areas of security, politics, and economics over the past few years.

Economic growth is showing signs of sustained recovery, driven primarily by initiation of the China Pakistan Economic Corridor.

Pakistan will be reclassified from MSCI Frontier Markets to Emerging Markets coinciding with the May 2017 Semi-Annual Index Review. History shows that inclusion in the EM Index causes large stock.



The proposed trade is to buy PAK and hold until May 2017, when the MSCI Pakistan Index is formally included in the MSCI Emerging Markets Index.



The trade has multiple risks, including the working-age population, protectionism, weather, tensions in the South China Sea, and political instability.

Pakistan has been making progress in the areas of security, politics, and economics over the past few years. The first democratic transition from one elected government to another occurred in 2013, with the Pakistan Muslim League-N of Nawaz Sharif forming the government, based on a platform of private sector-led economic growth. The country has since struggled through three tough years aided by low energy prices and government reforms, with the end result being a more stable economy and a bright outlook, more than can be said for many other countries.



Less poverty and increasing middle class



Pakistan has made substantial progress in reducing poverty since the turn of the century, declining from 64.3% percent in 2001 to 29.5% percent in 2014. 38% of all households are now considered to be middle-class, while another 4% are upper class.

Source: WSJ.com



As per the Wall Street Journal:



[These middle class] households are likely to have a motorcycle, color TV, refrigerator, washing machine and at least one member who has completed school up to the age of 16, the study found. Official figures show that the proportion of households that own a motorcycle soared to 34% in 2014 from 4% in 1991, and a washing machine to 47% from 13% over that same period. These trends are also attracting international business.




http://seekingalpha.com/article/4042606-hurricane-strength-tailwinds-traverse-pakistan

FAKE NEWS WITH ULTERIOR MOTIVES!!!

 

[PAKISTANFOREVER]

FAKE NEWS WITH ULTERIOR MOTIVES!!!

That's EXACTLY what indians said when Pakistan became a nuclear weapons state in May 1998.......lol.......

 

[AyanRay]

Good job. The next target for Pakistan should be to lift itself above Nepal in the HDI rankings.

 

[Kamikaze Pilot]

That's EXACTLY what indians said when Pakistan became a nuclear weapons state in May 1998.......lol.......

Dude, use common sense. Aren't the figures too glaring to be true? This is not even 1960s when Pakistan was doing better and was more stable.

 

[Windjammer]

Dude, use common sense. Aren't the figures too glaring to be true? This is not even 1960s when Pakistan was doing better and was more stable.

Exactly glaring and indeed it's not 1960s, hence nothing can be fudged or obscured from the likes of World Bank, UN or International monitors.

 

[PAKISTANFOREVER]

Dude, use common sense. Aren't the figures too glaring to be true? This is not even 1960s when Pakistan was doing better and was more stable.

I was in Pakistan recently and the living standards of the common person has never been better. The infrastructure in Pakistan is approaching a level that we deemed impossible just 2 years ago. Pakistan of 2017 looks nothing like the Pakistan of 2010. The article in the OP simply confirms this glaring ground reality. indian anxiety, denial and depression does not change this fact.

As far as using "india common sense" is concerned, it is completely false, null, void and worthless. "indian common sense" also vehemently proclaimed that Pakistan would NEVER EVER become a nuclear weapons state with or without Chinese assistance, that Pakistan could never have SLCM and MIRV capability. Yet we have surpassed these and more. Now our economy, infrastructure and living standards are approaching levels that are our enemies declared was impossible.

 

[Kamikaze Pilot]

Exactly glaring and indeed it's not 1960s, hence nothing can be fudged or obscured from the likes of World Bank, UN or International monitors.

But the above report is not by World Bank or UN or such International Monitors. It is by a private organisation, WSJ.

 

[PAKISTANFOREVER]

But the above report is not by World Bank or UN or such International Monitors. It is by a private organisation, WSJ.

And the WSJ would know less than someone who has never ever been to Pakistan or knows nothing about us????But didn't the private organisations confirm that Pakistan had nuclear weapons capability when indian kind vehemently denied it?.......lol.........lol.........

 

[user1]

During Pervez Musharraf era, it was claimed that poverty was decreased from 33% to 24%.
When PPP govt. came, Ishaq Dar was finance min.
In order to malign Musharraf era progress, in one move he declared the poverty to be more than 50%.
Still the GDP and exports kept rising despite ultra corrupt regimes of Zardari and Nawaz.
This only indicates than during Musharraf era, significant advances were made which kept economy floating and driving it forward.
Current progress is all due to reforms during Musharraf era! Even the CPEC was founded during that period with the construction of Gwadar Port and Makran Coastal Highway.

 

[Maler]

Well if it's any consolation to you then the CPEC is still under development and i doubt it has exactly boosted the economy as yet.

Let me be clear Mr. Jammer, I am not belittling this great Pakistani achievement. I am just curios to know, how a globally one of the most terror prone country can reduce its poverty by almost 60% in only a decade by doing nothing!!!!!! Its a miracle or 'Mozzaza' by Allah Su'ban'u Taala!!!!!!!! It would be a great study for Harvard and Wharton students & a practical model to eliminate poverty from the face of earth!!!!!

 

[CriticalThinker02]

You are right that I used to see those utility bills in 2013/14. I just calculated the new prices and it turns out to be

411 rupees for first 100 units
589 from 100-200
= 1000 rupees for first 200 units

800 rupees between 200-300 = 800 rupees or 1800 rupees for first 300 units

But the point is most poor families try to use less than 100 units per month or average family do try to stay below 200 units to get special rate. That is easily achievable if you have just 1 fan and 2-3 lights in a small house

How much units do you use per month?