Economy
The Federally Administered Tribal Areas are the most impoverished part of the nation. Despite being home to 2.4% of Pakistan's population, it makes up only 1.5% of Pakistan's economy. With a per capita income of only $663 in 2010 only 34% of households managed to rise above the poverty level.
Due to the Federally Administered Tribal Areas' tribal organization, the economy is chiefly pastoral, with some agriculture practiced in the region's few fertile valleys. Its total irrigated land is roughly 1,000 square kilometres. The country does not have a system of banks. The region is a major center for opium trafficking, as well the smuggling of other contraband.
Foreign aid to the region is a difficult proposition, according to Craig Cohen, an analyst at the Center for Strategic and International Studies in Washington, D.C. Since security is difficult, local nongovernmental organizations are required to distribute aid, but there is a lack of trust amongst NGOs and other powers that hampers distribution. Pakistani NGOs are often targets of violent attacks by Islamist militants in the Federally Administered Tribal Areas. Due to the extensive hostility to any hint of foreign influence, the American branch of Save the Children was distributing funding anonymously in the region as of July 2007.
Read more about this topic: Agencies Of The Federally Administered Tribal Areas
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)