Poverty in Pakistan

Sumaira 2 years ago

Thanks, for wriiting this, I was searching Data for my Project and your Article helped me alot

bala99 2 years ago

What you have listed are common problems of South Asia and the third world. Very sad, but very real.

janni321 2 years ago

nilum you are right about the causes, It is time to suggest some solutions to get rid of this and develop south asia like Europe.

umair 2 years ago

poor remain poor untill theyirb thinking is poor.

ATIQ UR REHMAN MIRZA 2 years ago

The major cause is dishonesty in the country. The Apathy is the second one. These two diseases are everywhere in Pakistan. You can see these in Public/private life, in Cities/town and villages.

tdarby 2 years ago

Thank you for the info--what a well written hub.

AdsenseStrategies 2 years ago

Let's face it, if 4 out of six people in the world live on ten dollars a day or less (less than 4000 dollars a year) yet the average Canadian (for example) makes literally ten times that, this is simply a problem of injustice on a mass scale.

When children die for lack of a 12 cent malaria shot, because their families can't afford twelve cents(!), yet people in the West will spend more than a dollar on a bottle of water they could've gotten free from the tap, there is something very very wrong. Come to my hubs -- I have a few on poverty, micro-credit, etc.

rajbizzness 2 years ago

you are right

warrioRR 2 years ago

I Agree

Pakistani 2 years ago

Nice Post! I like the way you have described about the main issue in Pakistan. Pakistan Is a beautiful country and I think all super power countries and rich countries will make joint efforts to eliminate the problems of Pakistan. Poverty is the biggest issue in Paksitan right now.

anam 21 months ago

plz tell me abt ,what should be the question about issues in pakistan economy if we are going for survey?

Maqbool Lashari 21 months ago

gooood article.i'm proud of u bkz u write a major problms of poverty.....

Shaukat Masood Zafar 19 months ago

CASE STUDY OF ZARAI TARAQIATI BANK LIMITED---ITS ROLE IN DEVELOPMENT OF FOOD AND FIBRE PRODUCTION---ITS FUTURE.

Agricultural production has long been a mainstay of the Nation’s economy, successfully feeding and clothing the domestic population as well as exporting agricultural goods. Although the ZTBL has played a vital role in agricultural development in the past, it can, however, be only as much effective as the effort put into it in a planned, organized and coordinated way. Unfortunately, the importance of proper planning for development of agriculture had never been realized by the Bank management after mid-nineties to the extent this sector demanded. Being ex-officer of the Bank I intend to share my experiences during my service in making a general analysis of the basic factors that have limited the capacity of the Bank and resultantly the agricultural production, and to identify the role which an institutional credit agency like ZTBL was required to play for effective acceleration of the efforts to achieve the goal of maximum agricultural production.

HISTORY OF ADBP (NOW ZARAI TARQIATI BANK LIMITED)

• Banking is traditionally an industry that calls for utmost prudence and eternal vigilance in securing the safety of public funds and retaining public confidence. Stability of a bank is always based on continued public trust and solvency. Prior to mid-eighties, the Bank employees looked to the character, capacity and capital of the borrowers, while considering their loan applications. There was no corruption in the Bank on a significant or debating level. Consequently one never heard of charge sheets or employee-dismissals for acts of misconduct or corruption. A charge sheet was considered a serious weapon and was rarely used. Banking skill and knowledge consisted more of business content and less of needing a professional qualification as far as credit delivery techniques were concerned. If one were to learn the primary thumb rules of safety, security, liquidity and profitability, and basics of negotiable instruments act, he successfully managed the Branch of the Bank. Under-graduates and matriculates could control not only Bank branches, but hold responsible position even at the Head Office. Failure was an exception, and when an individual case occurred, it was felt as a dooms-day by the bank management. It was not professionalism, but pragmatism, sound commonsense, personal integrity and cleanliness that ruled the day. Today the Bank officials are not perturbed if bad advance even to an extent of rupees 5/10 lacs emerges. No one has time or concern to ponder and correct the rut that is now found commonly everywhere.

• The situation qualitatively changed after mid eighties. Old dedicated and experienced field staff was replaced by “agricultural Graduate” MCOs. During nineties top management also withered away due to natural process of superannuation and retirement. The new leadership that inherited the top layers was ill prepared to shoulder the added new burden. It lacked the traditional banking culture of trustworthiness and prudence. Selfish opportunism and adhoc adventuresome characterized the new management. They lacked vision. Personal greed replaced prudent goals for securing the Institution's interests.

• Why all this happened? Why wrongdoings emerged on a vast dimension in the new era, while things were smooth and fair earlier? Why the bank became inefficient and corrupt when qualified agricultural graduates and postgraduates were inducted in the system, while it remained more care taking and competent earlier with high-school passed and under graduates managed the show? The employees were then vigilant to protect and safeguard their assets, but today it is an irony that bank executives are increasingly coming under the preview of vigilance scrutiny. The custodians of public trust and confidence are increasingly becoming untrustworthy. There is today an urgent need for strictly guarding the guardians of the Bank.

• The feeling of false security, wrong business objectives, and the effect of political influence exerted on the Bank in its day-to-day administration adversely affected the management of the Bank. Remote directions for routine business operations of the Bank acted to the detriment of the innate initiative, self reliance and efficiency of the senior and middle level management within the Bank. They became dumb rubber stamps to blindly ditto whatever instructions were received from the external controllers. Lack of professional training, quick promotions (vertical ascendancy without horizontal movement and without gaining experience in multiple disciplines) of the top and middle management, and cross-country transfer of staff, without planning a regular career path for them resulted in unplanned deployment of the unprepared human resources leading to imperfect operations.

• The Bank faced no major crisis before mid-nineties, when the personnel of the old top management were continuing and steering the course of management. But after the mid-nineties when the new generation of those in the junior cadre succeeded to top executive posts and took control of the Bank, things started drifting. The new generation of top management setup came to occupy positions exclusively on the strength of quick promotions, after putting in few years of service in the middle posts in the hierarchy. A quickly erected structure lacked stability and durability and similarly these instantly developed top executives lacked the vision and foresight that their job demanded. They lacked expertise in management needed for administering a huge corporate organization like ZTBL and motivating and activating several thousands of staff members in a goal oriented direction. The new top management inherited status and ego, but lacked personality and image to motivate, vision to foresee and commitment to supply a long-term culture and growth path. Human resource development could not keep pace with the rapid Business growth. Business remained appreciating but human resources development kept on depreciating.

• The executives regularly hold meetings, but no serious and sincere concern or discussion about the affairs of the Bank takes place in those meetings. The top most executives intended to provide collective wisdom and inter disciplinary expertise acts as a mere rubber stamp, leaving the field exclusively to the whims and arbitrary fancies of the Regional Managers. This absolute power with no in-built checks and controls on the Regional Managers served as the main crippling effect for the decay and downfall of the Bank.

• This atmosphere became a fertile ground for breeding widespread corruption at different centers, starting from the Head Office, and extending to the Regional office and finally the Branches. Chairmen of the Bank occupied arbitrary powers in a brief period of contract tenure, sure to be terminated at the near future. They lacked vision, foresight or motivation for long-term building of an edifice or culture for the Bank, but were looking only towards short-term objectives.

• The Bank had its own terms and ruled its own territory without competition. On the one hand debt liability of the borrowers continued inflating due to high rate of corruption prevailing amongst the Bank employees and on the other hand the Bank imposed exorbitant interest rates and exploited the farmer’s community with impunity. To show the better achievement in recovery of loans, the borrowers were advanced frequent loans for adjustment of their previous debts which naturally resulted into over-financing, beyond the repaying capacity of the borrowers. Unfortunately, Bank management was unable to see far enough in the future the implications of this window dressing. Business growth continued, as it is persisting even today, but emergence of NPLs in the balance sheet of the Bank crippled its profitability and reduced its capital adequacy. The Bank started to be categorized as loss showing bank. The concept of the Debt Restructuring Plan was the logical means of resolving the deadlock between borrowers and the Bank. But it was a far-fetched idea not in co

laiba malik 19 months ago

poverty is realy big issue in pakistan

Idrees Ahmad 18 months ago

Nilum, i am member of a charity and writing a paper on povert in Pakistan which will be published on their website- can take your "Intro to Poverty & Pakistan"

thanks

regards

Idrees Ahmad

wild rose 18 months ago

very perfctly written!

Waseem Afzal Bhatti 18 months ago

it's the time to move on

optimist adil 18 months ago

nice hub nilum abd i thing v should play a vital role to finish this poverty as i have already done my peace visit of all Pakistan via cycle and i had gain a lot of success form my this tour being a young generation v can change this country form our efforts and determinations remember lest but not last gr8 country u can visit my tour work and xperiences at face book logo at my name (adil lahorei) and become a part of my peace & environmental mission thanx

ahsan qadir 17 months ago

thanks

rana eana ejaz 17 months ago

thanks alot for suggestion about poverty.thanks for writting this.you also solve my problem about poverty discousion.

nilum u also right.thanks

SARAJ(BBA) DADABHOY INSTITUTE 17 months ago

THANKS TO ABOVE EVERY ONE I ALSO WANT TO ADD SOME THING REGARDING POVERTY,AS WE KNOW THAT INFLATION IS GOING TO TOUCH THE SKY AND GOING UP DAY BY DAY IN OUR COUNTRY IT IS VERY DIFFICULT FOR A COMMON MAN TO SURVIVE HERE IN PAKISTAN,WE EVERY ONE BECOMING POOR DAY BY DAY DUE TO LESS REEL PURCHASING POWER...........

khalid ali 16 months ago

thanks i realy need it

Aena khan 16 months ago

Thanks for writing this It;s acknowledged me.

Aadi 16 months ago

Thank You Very Much Nilum.............

Tahir Mosvi 16 months ago

In Pakistan the Poverty is extremely considerable .people make suicide,Parents killing their children,patients can not afford treatment expenses ,students compelled to quit education crimes are on their peak,But unfortunately the present government is totally unaware what is the situation and what is happening in Pakistan.They just think to complete their five years tenure,for that they have to make any type of commitment,But they do not have any fear about people.Government should be sincere and stop corruption ultimately they will get chance to complete the five years tenure.They should focus their maximum attention for the betterment of their public and their state.And stop America involving in the internal affairs of Pakistan.The Government should make polices involving expertise,with the blessing of Almighty God, their is no lack of expert persons in all fields.Reducation ,elimination and eradication of poverty is extremely necessary to save the future of this state.

JamshidQamar 15 months ago

Nice writings, let's talk about the solution otherwise it might lead us to Terrorism.

AMAN SHAH 14 months ago

the major cause in high ratio of poverty in pakistan is corrupton, bocz corrpted pepole dont care of ppl.nd they r runing behind money

arslan 14 months ago

Major Causes of Poverty in Pakistan

• Lack of Effective Demand

• Population Pressure

• Lack of Investment

• Absense of Solid Industrial Estates

• Sudden fluctuation in Demand and Supply

• Shortage of Capital

• Market imperfection

• Low literary rate

• Inflationary pressure

• Low Foreign Investment

• Dead/Zero Sum Investments

• Structual distortation

• Bad Educational System

• Govt. doesn’t work to create more Employment opportunities

Mehnaz 14 months ago

Increasing poverty in Pakistan is emerging as the major reason for declining school enrolments, as poor families are sending their children to work, claims the Society for Educational Welfare (SEW) Vice President, Dr Tabassum Jaffery.............

Nice 12 months ago

Find out Nice Hub by clicking on NICE in blue above, it is also a great hub dear.

Asif Khushal 12 months ago

Thanks a lot this article help me a lot in my studies.

sarah 12 months ago

i live in pakistan and i want pakistan to progress but due some factors pakistan is noot progressing ..............PLZ ALLAH BLESS PAKISTAN WITH UR BLESSING....................................

(AMEEN)

Binaya.Ghimire 10 months ago

I appreciate your bravery and honesty when you write on politics and social issues. It is interesting to note why people belonging to strong economy commiserate poor while hating poverty. Many times I have been told, by rich people, poverty is there because people are lazy. Pakistan, like Nepal, is poor not because people are lazy but because we were robbed by imperialism.

Obaid ur Rahman 2 months ago

THANKS TO ABOVE EVERY ONE I ALSO WANT TO ADD SOME THING REGARDING POVERTY,AS WE KNOW THAT INFLATION IS GOING TO TOUCH THE SKY AND GOING UP DAY BY DAY IN OUR COUNTRY IT IS VERY DIFFICULT FOR A COMMON MAN TO SURVIVE HERE IN PAKISTAN,WE EVERY ONE BECOMING POOR DAY BY DAY DUE TO LESS REEL PURCHASING POWER...........

shukria tabassum 2 weeks ago

WOW JAZAK ALLAH!

AWESOME N WELLDONE EVRY1.ALL UR VIEWS N THOUGHTS R PRAISABLE.REALLY NICE N THUMBS UP GUYZ.

WASSALAAM.