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