KARACHI - The Economic Survey of Pakistan 2008-2009 has aptly described poverty in terms of, The inadequacy of income to meet basic needs, low quality of life, denial of opportunities and choices basic to human development are different facets of poverty. The main goal remaining, To raise the standard of living and improve the socio-economic conditions of the people and thus reduce the incidence of poverty in the county. But there are major hindrances in the GDP growth rate in case of Pakistan, which the report asserts could not hold at 2007-2008 level. GDP is expected to grow at the rate of 2.0 percent during 2008-2009 against the projected rate of 5.5 percent and in the back drop of 4.10 percent during 2007-2008. Agriculture, the major source of employment and income in the rural areas is expected to grow at 4.7 percent as against Services sector growing at the rate of 3.6 percent during 2008-2009. The recent trend in poverty as reported by UN found the Food security in Pakistan in 2007-2008 has only but worsened as a result of food price hike. The total number of households falling in this category was estimated to be at 7 million or about 45 million people in 2008, in Pakistan. The findings indicate that the high food prices are undermining poverty reduction gain, as food expenditure comprises a large share of the poor total expenditures and food price hike has severely eroded poor household purchasing power. Though there have been initiatives taken to combat poverty by the government of Pakistan, by launching firstly the Benazir Income Support Program in 2008 as a social safety net program. Secondly, the Poverty Alleviation Fund, established to enhance the availability of resources and services to the poor. Punjab Food Support Scheme a targeted subsidy both for Urban and Rural population aimed at affording relief another significant was Peoples Works Programme, the scheme having immediate bearing on standard of living of a common man and finally the Bait-ul-Maal for making a significant contribution towards poverty reduction through its poor-focused services to the destitute, widow, orphan, needy, invalid person of any caste, creed or colour.