Monday, July 19, 2010

Poverty on the rise, concedes Finance Ministry

Source: The News

Date: July 20, 2010

The Ministry of Finance on Monday conceded that poverty was on the rise in the country after increased prices of POL products and food commodities in international market since 2008, although no official survey was done in last three years rule of the PPP-led regime on the issue.
“We do hope that the macroeconomic stability has been reversed on path of prosperity that will now help dent the increasing prevalence of poverty,” Sajjad Ahmed Sheikh, National Project Manager of Poverty Reduction Strategy Paper (PRSP) Secretariat, Ministry of Finance, said on the occasion of launching annual progress report of PRSP-II for 2008-09 during a dissemination workshop here.

Participants of the workshop raised questions that despite increase in poverty related expenditure in recent years the number of people living below the poverty line increased to the range of around 40 to 50 million out of the total 170 million population.

 There is lag between expenditure in the name of poor and its actual outcome and there is need to come up with accurate answers, they said.

The PRSP Secretariat of the Ministry of Finance along with Ministry of Education has decided to conduct analysis by approaching people at grassroots level to determine the reasons for declining trend in primary enrolment rate from 56 percent to around 55 percent in latest Pakistan Social and Living Standard Measurement (PSLM) survey. The same exercise will be done to determine facts related to health indicators.

For details: http://www.thenews.com.pk/daily_detail.asp?id=251681

 

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