Breaking the poverty cycle through smart policies

Breaking the poverty cycle through smart policies

  1. Understanding poverty cycle and generational impact
    Poor families create poor children, lacking education and skills, which sustains poverty cycle.
  2. Government poverty alleviation programs and their gaps
    Despite several programs like BISP and Ehsaas, deep-rooted poverty persists due to lack of innovation.
  3. Education and skills are key poverty solutions
    Technical and higher education, along with skill training, empowers youth to escape poverty.
  4. Micro-financing and support for small businesses
    Loans, easy cash transfer, and business mentorship can help poor families gain financial independence.
  5. Women empowerment and climate resilience necessary
    Gender equality, climate justice, and sustainable agriculture improve economic resilience and reduce poverty.

Summary

Pakistan’s poverty cycle is deeply rooted in generational poverty, low education access, and limited employment opportunities. Existing poverty alleviation programs provide some relief but lack innovation and deep structural change. Education and skill development, especially technical education, are crucial for equipping youth with the tools to break the poverty cycle. Supporting small businesses through micro-financing and promoting women’s empowerment can further accelerate poverty reduction. Climate resilience, sustainable agriculture, and digital training also offer practical ways to uplift rural and urban poor. Comprehensive reforms combining education, financing, gender equality, and climate justice can create sustainable pathways out of poverty.

For complete article please vist

https://www.pakistantoday.com.pk/2022/10/23/the-cycle-of-poverty-in-pakistan/

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