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The last few decades have witnessed a significant shift in the
concept of development. Research focusing on development has shifted its
focus from macroeconomic to more microeconomic development. More
recently, poverty has become an important interest area for researchers,
governments, United Nations agencies, NGOs and some specialised
international development agencies. The United Nations has designated
the period 1997-2006 as the decade for poverty eradication [World Summit
for Social Development (1995)]. The millennium meeting at the United
Nations headquarters and its follow-up meeting at Brussels set up on
ambitious target for reducing poverty by half by the year 2015. [Altaf
(2004)]. Since the overall objective is "human development," people are
presumed to play a major role in assuming the initiative, management of,
and control over resources, as well as the setting of priorities for
poverty reduction. The translation of this idea into reality
necessitates the investigation of people's understanding and experiences
of poverty and adjustment to, or coping with, chaotic socio-economic
situations and catastrophes (both human and natural), be they food
insecurity, hunger, famine outbreaks, or poverty. Some of these crises,
in many cases, are not occasional occurrences; rather they are the
consequences of long term processes, especially poverty, which is caused
by a combination of interacting factors related to social, economic,
political, and natural dimensions [Abdel (1996)].

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Abstract. The traditional methods of poverty measurement include material or objective indicators such as income, expenditure, calorie intake, education or living standards. However, this study is aimed to identify whether people perceive poverty through these factors or not. The definitions of poverty given by study respondents have proven that although, poverty can be defined through objective indicators but its scope is not limited to them rather it includes various other indicators including no children or parents, lack of self-efforts, person's laziness, sense of understanding things and mental stress. Through interviewing household heads, some coping strategies have been identified which are employed during economically difficult events. Apart from increasing income sources and reducing expenditure, the coping strategies also include living in joint family system, social networking and borrowing in form of general provident fund as the selected sample was from government sector, they utilize their funds at times of need which give rise to a self-perpetuating poverty. The people's perceptions related to poverty determine the nature and extent to which society is encountering hardships and prevalence of poverty in it.Keywords. Poverty, Perceptions, Coping strategies.JEL. I32.

The study is conducted to identify the relationship between economic growth of Pakistan and government revenue sources – i.e. Tax Revenue, Non-tax Revenue and Additional Receipts, while measuring the change in economic development occurs due to change in government revenue sources in short-run as well as in long-run. Autoregressive Distributed Lag (ARDL) is performed on time series secondary data for the period from 1979 to 2017 and a forecasting model is developed to anticipate change in economic growth due to change in government revenue sources. Results concluded that Tax Revenue has positive significant relationship and Additional Receipts have negative significant relationship, however, Non-tax Revenue has positive insignificant relationship with economic growth of Pakistan in long-run, whereas no short-run relationship is identified among dependent and independent variables. The analysis indicated that 1% change in Tax Revenue results in 1.24% change in economic growth in the same direction, whereas 1% change in Additional Receipts results in 0.18% change in opposite direction in economic growth of Pakistan in long-run. However, evidences showed that in recent years, government has increased its dependency on the Additional Receipts as compared to Tax Revenue and Non-tax Revenue. For prosper and accelerated economic growth, it is suggested that policy makers should focus on increasing the revenue collection from Tax Revenue sources since economic growth of Pakistan is positively influenced by Tax Revenue and minimize dependency on the Additional Receipts as it hinders the economic growth. Proposed forecasting model provides promising results and projected the gross domestic product (GDP) for year 2018 with mare 0.32% and 4.44% deviation in logarithm value and rupee values, respectively.