Date post: | 06-Jul-2015 |
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Different Aspects of Pakistan Economy In
2012
Presented By: Asad Jamal & Saad Iqbal
BBA-2
Topics For Discussion
1. Agriculture
2. Education
3. Inflation
4. Tax Expenditure
Agriculture
Introduction:
• It currently contributes 21 percent to GDP.
• 60 % of labor force is depend on agriculture.
• It has a vital role in ensuring food security.
Agriculture
Major Crops of Pakistan:
Cotton:
It contributes to the national economy by providing raw material to the local textile industry, such as cotton lint as
an export item.
Agriculture
• Sugarcane:
Its share in value added in agriculture in GDP is 3.7 and 0.8 percent, respectively.
Agriculture
• Rice:
Rice accounts 4.9 percent of the value added in agriculture and 1.0 percent of GDP.
Agriculture
• Wheat:It contributes 12.5 percent to the value added in
agriculture and 2.6 in GDP.
Education
Introduction
• Government policy in the last few years has been to improve the level and quality of education in Pakistan.
• Especially at the primary level because that level forms the core of the literate population.
Education
Educational Institutions and Enrolment:
• Pre-Primary Education
• Middle Education (Classes VI-VIII)
• Secondary Education (Classes IX-X)
• Higher Secondary / Inter Colleges (Classes XI-XI)
• Degree Colleges Education (Classes XIII-XIV)
• Universities Education (Classes XV onwards)
Tax
What Is Tax?
• A fee Charged by a government on a Product, Income, or Activity.
• A fee Charged by a government for their personal use
Tax
• Direct Tax
A tax Charged by the government directly on the Income or Property of individuals or businesses.
• Indirect Tax
If tax is levied on the price of a good or service, then it is called an indirect tax.
Tax
Tax Rate In Pakistan
• Income Tax Rate
Tax rates for the salaried class in Pakistan are 0.5% to 20%.
• Sales Tax
The standard rate of Sales Tax in Pakistan is 16%
• Corporate tax:
Pakistan corporate tax rate is 35% of net taxable income of a company.
Inflation
What is Inflation?
• Inflation means there is an increase in the cost of living.
• Inflation means Politician becomes more richer and people become poor
Inflation
Causes of Inflation In Pakistan:
• Increase In Demand:
a) Increase in Money Supplyb) Increase in Velocity of Moneyc) Non-productive Expendituresd) Corruption & Black Moneye) Deficit Financingf) Foreign Remittancesg) Foreign Aidsh) Consumption Trends
Inflation
Causes of Inflation In Pakistan:
• Decrease In Supply
a) Slow Agricultural Development
b) Slow Industrial Growth
c) Increase In Wages & Salaries
d) Indirect Taxes
e) Devaluation
Inflation
How To Control Inflation:
• To reduce our Government Luxury Expenses both Federal and Provincial.
• To recess the complete system of Direct and Indirect Taxes.
• To increase the Production of Food, Industry and Service things