Uneducated population unattractive to foreign business Difficult to recruit foreign businesses
Only 38 million of 142 million make up work force 7% unemployment, but 34% of people in poverty
No foreign investment Pakistan remains poor
Deeply linked to the massive debt and poorly educated people, is the large portion of Pakistan's population that lives in poverty. With an average of 2,000 dollars of GDP per person (adjusted for purchasing power parity), the average citizen is forced to live off very limited resources. This is reflected in the fact that 34% of the population lives below the poverty line, despite a mere 7% unemployment. Pakistan's lack of fiscal resources is yet another barrier against foreign investment. Without foreign investment, Pakistan lacks the resources to bring about positive economic development. Without positive economic development, Pakistan is unable to attract foreign investors. Without foreign investors... you get the point.
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There are many reasons for the poverty of pakistan. You only highlight the unempolyment rate, So it is good effort but to clear the reasons of poverty search other factors due to which pakistan is poor country.
ReplyDeleteyou are right .. that poverty is basic problem in this country. Now this becomes a social issue/problem of this country. because according to economists, they say, those people whose income is above Rs.700 then it means they are far off poverty and those people whose income is below 700 they are the victim of poverty. so we must take steps acadamically and economically to solve the this social issue. Thanx...!
ReplyDeletePoverty is one of the main problems that has given birth to many crimes.
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