Hard facts about pakistan

HARD FACTS ABOUT PAKISTANBE BRAVE AND OVERCOME THE CRISES

By: Tariq Sarwar Awan tariq_sarwar@yahoo.com or www.facebook.com/tariqsarwarawan

2007 SCENARIO

• in 2007, Pakistan’s defense expenditure, in dollar terms was less than 3% of its GDP. With continuous downslide of rupee, this figure must have fallen to close to 2%. With defense budget at 3% of GDP, Pakistan was ranking at 46 in world nations to have lower chunk of its national income allocated to defense. (CIA-The World Factbook)

THANKS PAKISTAN ARMY

• Consider the fact that even with this poor allocation, Pakistan has the 7th largest defense force, a feat of most economic, efficient and effective security apparatus all Pakistanis should genuinely be proud of.

2010-11 TAXES RAISED• If we look at the actual budget

figures for the year 2010-11, Pakistan raised Rs 2,236 billion from its taxes. • After disbursement of provincial

share (Rs 997.7 billion), the government was left with only Rs 1,238 billion.

<< THINK PAKISTAN >>

• Out of this Rs 1,238 billion:• Rs 855.5 billion was paid in debt servicing and

repayment of long-term loans.• After meeting other obligatory expenses like Rs

395.8 billion for subsidies • Rs 92.688 billion for pension liabilities,• the national kitty was already short of Rs.

105.988 billion.

INCOME (Billion Rs. )

• Tax collection 2236

• Provincial share 997.7

• Govt. left with 1,238

EXPENSES INCOME (Billion Rs. )

• Total with Govt. 1,238

• Debt servicing & repayment of loans 855.5

• Remaining with Govt. 382.5

SHORT FALL even after collecting 2236 billion Rupees

• Subsidies, etc. 395.8• pension liabilities 92.688• Total Expense 488.488• Less 382.5 - 488.488 = -105.988• Govt. always short of -105.988 Billion Rs. -105.988