The other day, I learned about the committee culture prevalent in the esteemed elite circles of Pakistan.
Serving as a social participation forum, the elitist committee platform enables people to connect with the higher-ups of society to enhance their prestige and promote their status through the public relations network.
The traditional concept of committee culture has long been associated with the savings schema. This has been preferably desired by people from the middle class and lower class strata of society to force-save money for themselves and their families.
The committee works like this. Every member of the committee puts aside a certain amount with the committee fund every month. At the end of the month, one committee member is entitled to receive the whole fund amount that has been collected from all participants during one month. After everyone has received the aggregate sum once, the cycle is put on repeat mode.
This way, each committee member saves money easily by keeping it aside from his/her expenditure reserves. People prefer to save and avail the accumulated fund money. This substantial amount can be used for major expenditures or investments that may have otherwise seemed difficult to achieve.
Some committee forums also serve as a social interaction and reunion platform for gossip exchange and culinary cuisine sharing. Nowadays, the committee culture has elevated to serve as a recognition forum through ostentatious displays among the status-conscious members of society.
It is astonishing to note that the amount for committee entries has escalated from a mere few thousands to some lacs and even crores amidst the top circles of Pakistan's society. The huge aggregate amount from such committee funds allows people to make hefty purchases and investments such as buying jewellery, purchasing cars, hosting wedding functions, and so on.
Like elitist club memberships, committee memberships are winning popularity for their prestige and pomp as well as lucrative benefits. This is a good savings means that does not face tax issues, and serves as a legitimate means of saving money in a hassle-free way. Further, some people even sell off their committee money at twice or thrice the rate to the ones who are more desperate to acquire large sums of quick money immediately.
Serving as a social participation forum, the elitist committee platform enables people to connect with the higher-ups of society to enhance their prestige and promote their status through the public relations network.
The traditional concept of committee culture has long been associated with the savings schema. This has been preferably desired by people from the middle class and lower class strata of society to force-save money for themselves and their families.
The committee works like this. Every member of the committee puts aside a certain amount with the committee fund every month. At the end of the month, one committee member is entitled to receive the whole fund amount that has been collected from all participants during one month. After everyone has received the aggregate sum once, the cycle is put on repeat mode.
This way, each committee member saves money easily by keeping it aside from his/her expenditure reserves. People prefer to save and avail the accumulated fund money. This substantial amount can be used for major expenditures or investments that may have otherwise seemed difficult to achieve.
Some committee forums also serve as a social interaction and reunion platform for gossip exchange and culinary cuisine sharing. Nowadays, the committee culture has elevated to serve as a recognition forum through ostentatious displays among the status-conscious members of society.
It is astonishing to note that the amount for committee entries has escalated from a mere few thousands to some lacs and even crores amidst the top circles of Pakistan's society. The huge aggregate amount from such committee funds allows people to make hefty purchases and investments such as buying jewellery, purchasing cars, hosting wedding functions, and so on.
Like elitist club memberships, committee memberships are winning popularity for their prestige and pomp as well as lucrative benefits. This is a good savings means that does not face tax issues, and serves as a legitimate means of saving money in a hassle-free way. Further, some people even sell off their committee money at twice or thrice the rate to the ones who are more desperate to acquire large sums of quick money immediately.
its nice and informative topic. may be it exists in every society but has different name. for elite class its a matter of show off but for middle and poor ones its their need. this is even practiced in many government offices where the males make some savings from their salaries for future use
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