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Important crops contains 25.6 % of agri value and 64.5 % in overall crops
Other crops contain 11.11 % agri value and contribute 2.3% of GDP
Four sub sectors: Mining & quarriying, manufacturing, Energy generation &
distribution, construction
Mining & quarrying 2.9% in GDP, 14.4% to Industry, growth rate 1.6%
Six sub sectors: Transport, Storage & Communication, Wholesale & Retail
Trade, Finance & Insurance, Housing, General Govt./Defense Services/Public
Administration, Private Services/Social Services
General Govt. services grew at 9.4% 9increase in pay & pension, low default
rate)
Gross fixed Capital Formation (GFCF) Rs. 3702 billion 10.3 % increase
Commodity Producing Sector accounts for 41.2 % of GDP, growth rate 3.24%
Declining oil prices led to shortfall in FBR collection by Rs. 205 billion
Fiscal Development
o
FBR collected Rs. 1972.4 billion with a growth rate of 13% (GST on Petroleum
27%, 2% withholding tax on non filers)
Dev expenditure and net lending grew by 6.9% and reached Rs. 594 bill
Decline in current subsidies from Rs. 201.8 billion to Rs. 185.9 billion
Broad money M2 witnessed increase of 7.33% and stood at Rs. 730.5 bill
Net Foreign Assets (NFA) grew and stood at Rs. 220.1 billion
NDA of banking sector grew by 5.45% and stood at Rs. 510.5 billion
Govt. borrowing for budgetary support Rs. 601.1 billion against 240.2 pre
Capital Market:
o
Education
o
Province wise LR for Punjab 61%, Sindh 56%, KPK 53%, Balochistan 43%
Health
o
Calories intake per day per person increased from 2484 to 2490 0.24 %
increase
Medical Facility ratio: 1073 persons / doctor, 12447 persons / dentist, one
hospital bed for 1593 persons
1142 hospitals, 5499 dispensaries, 5438 BHU, 669 RHCs, 118041 beds in
hospitals.
Unemployment rate : 6%
Pakistan Railway
Karachi Port Trust 11.5 km long, 12 meters deep, turning basin of 600 meters
provides upto 75000 metric tons deadweight and handled 31.133 mill tons of
cargo
Energy
o
Last year govt retired circular debt of Rs 480 billion, now again circular
amounts Rs. 250 billions including current payments
Dasu Hydro Power I on Indus River through IDA credit of $ 588.4 million will
add 2160 MW.
Different MoU signed with china on energy projects of coal, wind, sola, and
hydro project by 2017 adding 10400 MW
Allocation of 4.5% of GDP to social safety Nets through BISP, PPAF, RSPNs, Pakistan
Bait-ul-Mal
Public Debt 61.8% of GDP Rs. 16936 billion, increase of 940 billion from prev
EDL stock $ 62.6 billion out of which external public debt $ 49.1 billion
Three main drivers of economic growth are consumption, investment and export
Inflation: 4.8 %, Food and Non Food Inflation 3.6% and 5.7 % respectively
Current Account deficit: $ 1.364 billion (.06% of GDP), 53.5 % less than prev
If Poverty line= $2 per day then 60.19% Population fall below poverty line in
Pakistan. In china 29.7%, India 68.7% and Bangladesh 76.5% of population is below
poverty line.
Budget 2015-16
Taxation
o
Capital gain Tax 15 % and 12.5 % for securities held for 1 year and 2 years
respectively and 7.5 % for holding securities for 2-4 years
For dividend income 12.5%, for non filers 17.5%, for mutual funds 10 %
Tax credit for new investment limit is proposed to increase to 1.5 million
against Rs. 1 million earlier
Reduced income tax of 25% for small company and propsed limit
enhancement to Rs. 50 million
Reduction in income tax to 2% for salaried persons with income 4 5 lac, and
7% for non salaried persons having income between 4-5 Lac
Sales tax on Mobile phones increased from 150, 250 and 500 rupees to 300,
500 & 1000 rupees respectively
Powers of FBR to issue exemptions are withdrawn and subjected to circulars through
parliament
Construction
o
Agriculture
o
Income Tax holiday of 3 years for agri supply chain if set upto 2016
Tax exemption for halal food manufacturers for four years if set upto 2016
Reduction of sales tax from 17 to 7%, withholding tax to 0%, and import duty
to 2 % o n import or local supply of agril machinery
Interest free loansof Rs. 1.1 million for solar tubewells against deposit of Rs.
100000
NFC Composition: Punjab 51.74%, Sindh 24.55%, KPK 14.62 %, Baluchistan 9.09 %
Income tax holiday for all manufacturing units set up in KPK upto 2018
7.5% adhoc relief allowance on running basic pay, merging of previous adhoc relief
allowances to basic pay, medical allowance increased to 25 %. 7.5% increase in
pension