AIRLINK 195.21 Increased By ▲ 0.38 (0.2%)
BOP 9.77 Decreased By ▼ -0.04 (-0.41%)
CNERGY 7.29 Decreased By ▼ -0.07 (-0.95%)
FCCL 39.90 Increased By ▲ 1.32 (3.42%)
FFL 16.35 Decreased By ▼ -0.10 (-0.61%)
FLYNG 28.55 Increased By ▲ 1.01 (3.67%)
HUBC 132.11 Increased By ▲ 0.36 (0.27%)
HUMNL 13.80 Decreased By ▼ -0.06 (-0.43%)
KEL 4.65 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.65 Decreased By ▼ -0.01 (-0.15%)
MLCF 46.24 Increased By ▲ 0.85 (1.87%)
OGDC 213.99 No Change ▼ 0.00 (0%)
PACE 6.81 Decreased By ▼ -0.05 (-0.73%)
PAEL 40.11 Increased By ▲ 0.05 (0.12%)
PIAHCLA 16.59 Decreased By ▼ -0.20 (-1.19%)
PIBTL 8.39 Increased By ▲ 0.07 (0.84%)
POWER 9.68 Increased By ▲ 0.25 (2.65%)
PPL 182.44 Increased By ▲ 0.25 (0.14%)
PRL 41.70 Decreased By ▼ -0.13 (-0.31%)
PTC 24.86 Increased By ▲ 0.30 (1.22%)
SEARL 103.75 Increased By ▲ 1.22 (1.19%)
SILK 1.00 No Change ▼ 0.00 (0%)
SSGC 39.24 Decreased By ▼ -0.20 (-0.51%)
SYM 17.23 Decreased By ▼ -0.10 (-0.58%)
TELE 8.77 Increased By ▲ 0.01 (0.11%)
TPLP 12.75 No Change ▼ 0.00 (0%)
TRG 65.60 Increased By ▲ 0.20 (0.31%)
WAVESAPP 11.11 No Change ▼ 0.00 (0%)
WTL 1.69 Decreased By ▼ -0.01 (-0.59%)
YOUW 3.96 Increased By ▲ 0.02 (0.51%)
BR100 11,992 Increased By 18.2 (0.15%)
BR30 36,276 Increased By 129.4 (0.36%)
KSE100 113,267 Decreased By -176 (-0.16%)
KSE30 35,576 Decreased By -58.9 (-0.17%)

This is apropos a Business Recorder op-ed "Rising poverty" carried by the newspaper yesterday. The writer, Dr Hafiz A Pasha, in his conclusion, has argued that "The tragedy is that the incidence of poverty in Pakistan may be back to the level that prevailed over a decade ago. The IMF Programme must have a human face and enough fiscal space created for strong anti-poverty interventions. Otherwise, the process of implementation of deep and wide-ranging structural reforms may be frustrated by the rise in public discontent."

The IMF policy actions, in my view, strongly resonate with what David Harvey, a British-born Marxist geographer and professor of anthropology and geography at the City University of New York, aptly describes as accumulation through dispossession. The rise in poverty in the country constitutes a question for the incumbent government to answer. It must be noted that prime minister Imran Khan often claims that he has drawn a valuable lesson from China's experience of lifting over 600 million people out of poverty. No doubt, China achieved this feat through its focus on agriculture and rural affairs. The question, however, is: How does our prime minister explain the current rise in poverty in his own country?

Copyright Business Recorder, 2019

Comments

Comments are closed.