Socio-economic development is the process of social and economic development in a society. It is measured with indicators, such as GDP, life expectancy, literacy and levels of employment. Changes in less-tangible factors are also considered, such as personal dignity, freedom of association, personal safety and freedom from fear of physical harm, and the extent of participation in civil society.
Over the years, Pakistan has undertaken important economic and governance reforms that resulted in steady economic growth, allowing it to boost spending on poverty reduction programs. Recently, however, the global economic recession that followed a rapid increase in prices of food and other commodities worldwide, coupled with an array of domestic challenges, have impacted Pakistan’s economic outlook negatively.
The development challenges facing Pakistan-social, economic, and political-are immense, and the destabilizing effects of the global security situation have increased pressures within the country. Pakistan still struggles with high rates of infant, child and maternal mortality. Forty-six million people, or 29 percent of the population, live in absolute poverty. Only 53 percent of the adult population can read. Primary school dropout rates are 44 percent for boys and 65 percent for girls, and few of either gender go on to secondary school.
Development proceeds rapidly in those areas where the society becomes aware of opportunities and challenges and has the will to respond to them. Increasing awareness accelerates the process.
Organization for Social and Economic Development (OSED) is a non-profit organization responding to human sufferings in natural and man-made disasters anywhere all over the country regardless of race, gender, ethnicity, class, location, religion, color, culture and social background. OSED is working collaboratively with local communities to provide transitional development and relief assistance and to assist them in restoring social and economic stability and empowering them to retake control of their lives on sustainable basis. In addition to emergency relief efforts, OSED also works on rehabilitation and long term development programs like Economic Empowerment, Orphan and Widows Support Program and Skill Development Program.