A strong and stable economy is vital to provide social protection for the masses: Shazia

Poverty Alleviation and Social Security Minister Shazia Marri said a strong and stable economy is essential to ensure the social protection of the population. Addressing a conference on the economy, she called for corrective measures to stabilize the economy to meet people’s basic needs. She said a strong economy is a source of strength for any nation. She said a weaker economy has a negative impact on the lives of the poor.

The Federal Minister said that despite several interventions in the political system of Pakistan and the war against terrorism and extremism, we as a nation were strong enough to defend our country and set it on the path progress and stability.

Quoting the famous sayings, Shazia Marri said someone rightly said that “a strong economy is a source of national strength”. “The economy is the beginning and the end of everything and you cannot bring about any reform unless you have a strong economy,” she said.

She said: “We are members of the world committee. I am very happy to express my gratitude to our international friends who have always helped us in difficult times like disasters or calamities”.

During a briefing on her ministry, Shazia Marri said her ministry was working diligently to improve the socio-economic status of the poor. “All the shocks that the economy has to face ultimately affect the living conditions of the poor segments of the country the most.”

Referring to the alarming indicators facing the country, the Minister said that Pakistan is ranked among the 43 countries most prone to poverty, while 54% of its population is vulnerable to poverty due to health shocks.

She mentioned that about 52 million people in the country live below the poverty line while 30% of households experience food insecurity, so the general state of the economy has an impact on the population of the country. country as well as the poverty rate.

The minister explained that Benazir’s income support scheme, launched in 2008, was the brainchild of Shaheed Mohtarma Benazir Bhutto.

The program provides financial support and other facilities to eight million families. The basic criterion of this program is to register female members of the household for the extension of benefits.

Joel C. Hicks