Santosh Pakistan

8/8/2019 Santosh Pakistan..

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STUDY OF MICRO & MACRO

ECONOMICS OF PAKISTAN

SUBMITTED TO:

PROF : SUHRUD

NEURGAONKAR(MITSOT)

PRESENTED BY:

SANTOSH KUMAR

MARKITING : B

PRN : 092051


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Formal Name: Islamic Republic of Pakistan.

Short Form: Pakistan.Term for Citizen(s): Pakistani(s).Capital: Islamabad (Islamabad Capital Territory).Major Cities: Pakistan has seven cities with a populationof 1 million or more: Karachi (9,339,023), Lahore (5,143,495),

Faisalabad (2,008,861), Rawalpindi (1,409,768), Multan(1,197,384), Hyderabad (1,166,894), and Gujranwala(1,132,509).Capital: IslamabadTotal area : 796,095 sq km

PAKISTAN


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Economy of Pakistany Rank : 28th economy.

y Currency :1 Pakistani Rupee (PKR)

Rs. = 100 Paisay Fiscal year :July 1June 30

y GDP :$433.1 billion (2009 est.)

y GDPgrowth : 4.2% (2009 est.)

y GDPper capita : $2,500 (2009 est.)


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Trade organisations

y ECO

y SAFTA

yASEAN

y WIPO

y WTO


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TRADE

y Exports $19.55 billion (2010 est.) (67th)

y Export goods : textile goods (garments, bed linen,cotton cloths, and yarn), rice, leathergoods, sports goods,

chemicals manufactures, carpets and rugsy Main export partners: United States 22.4%, UAE 8.3%,UK 6%, China 15.4%, Germany 4.7% .

y Imports : $28.31 billion f.o.b. (2009 est.)

y Import goods : Petroleum, Petroleum products,Machinery, Plastics, Transportation equipment, Edible oils,Paper and paperboard, Iron and steel, Tea

y Mainimport partners : China 14.7%, Saudi Arabia 10.1%,


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Main industries

y textiles

y chemicals

y food processing

y steel

y transport equipment

y paper products

y automobiles

y machinery

y beverages

y construction

y materials

y

Clothing, paper products.


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PAKISTAN BALANCE OF TRADE

Pakistan reported a balance of trade deficitEquivalent to 1450.9 Million USD in July of 2010.Pakistan exports rice, furniture, cotton fiber, cement,tiles, marble, textiles, clothing, leather goods, carpetsand rugs and food products. Pakistan imports mainlypetroleum, petroleum products, machinery, plastics,transportation equipment, edible oils, paper andpaperboard, iron and steel and tea.


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Cont.


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EXPORTS OF GOODS; SERVICES; INCOME AND WORKERS'

REMITTANCES (BOP; US DOLLAR) IN PAKISTAN

This page includes a chart with historical data forExports of goods; services; income and workers'remittances (BoP; US dollar) in Pakistan. The

Exports of goods; services; income and workers'remittances (BoP; US dollar) in Pakistan wasreported at 33791200000.00 in 2008, according to theWorld Bank. Exports of goods and services are the

total value of goods and services exported as well asincome and workers' remittances received. Workers'remittances include compensation of employees.


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Pakistan Exports

Pakistan exports were worth 1787.9 Million USD in July of

2010. Pakistan exports rice, furniture, cotton fiber, cement,

tiles, marble, textiles, clothing, leather goods, sports goods,surgical instruments, electrical appliances, software, carpets

and rugs and food products. Pakistan now is being very well

recognized for producing and exporting cements in Asia and

Mid-East. Main exports partners are European Union (UK),

United States, UAE, and Afganistan. This page includes:

Pakistan Exports chart, historical data and news.


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CONT..


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PAKISTAN GDP GROWTH RATE

The Pakistan economy expanded 2.00 percent over the last

year, as measured by the year-over-year change in Gross

Domestic Product (GDP ). U

nlik

e th

e common

ly usedquarterly GDP growth rate the annual GDP growth rate takes

into account a full year of economic activity, thus avoiding

the need to make any type of seasonal adjustment. The

Pakistan Gross Domestic Product is worth 167 billion dollars

or 0.27% of the world economy, according to the World Bank.From 1998 until 2009, Pakistan's average annual GDP Growth

was 4.92 percent reaching anhistorical high of 9.00 percent

in December of 2005 and a record low of 2.00 percent in

December of 2001. This page includes: Pakistan GDP Growth

Rate chart, historical dataand news.


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Cont


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PAKISTAN IMPORTS

Pakistan imports were worth 3238.8Million USD in

July of 2010. Pakistan imports mainly petroleum,

petroleum products, machinery, plastics,

transportation equipment, edible oils, paper and

paperboard, iron and steel and tea. Its major import

partners are: European Union, China, Saudi Arabia,United Arab Emirates and United States. This page

includes: Pakistan Imports chart, historical data and

news.


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Cont.


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PAKISTAN STOCK MARKET INDEX

Pakistan's main stock market index, the KSE100, rallied 531

points or 5.61 percent during the last 12 months. From 1990until 2010 the KSE100 market value averaged 4439.71 pointsreaching an historical high of 15676.34 points in April of 2008and a record low of 538.89 points in June of 1990. This pageincludes: Pakistan Stock Market Index chart, historical data

and news.


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TAX REVENUE (% OF GDP) IN PAKISTAN

This page includes a chart with historical data for Tax revenue (% ofGDP) in

Pakistan. The Tax revenue (% ofGDP) in Pakistan was reported at 9.82 in 2008,according to the World Bank. Tax revenue refers to compulsory transfers to thecentral government for public purposes. Certain compulsory transfers such asfines, penalties, and most social security contributions are excluded. Refundsand corrections of erroneously collected tax revenue are treated as negativerevenue.Pakistan's economy has suffered in the past from decades of internal

political disputes, a fast growing population, mixed levels of foreign investment,and a costly, ongoing confrontation with neighboring India. However, IMF-approved government policies, bolstered by foreign investment and renewedaccess to global markets, have generated solid macroeconomic recovery duringthe last decade.


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y

PakistanPersonal Income Tax Rates for 2009:Slab No. / Taxable income / Rate of tax %

1. Where taxable income is below Rs. 180,000 0%2. Where the taxable income is between Rs. 180,000 - Rs. 250,000 0.50%3. Where the taxable income is between Rs. 250,000 - Rs. 350,000 0.75%4. Where the taxable income is between Rs. 350,000 - Rs. 400,000 1.50%5. Where the taxable income is between Rs. 400,000 - Rs. 450,000 2.50%6. Where the taxable income is between Rs. 450,000 - Rs. 550,000 3.50%7. Where the taxable income is between Rs. 550,000 - Rs. 650,000 4.50%8. Where the taxable income is between Rs. 650,000 - Rs. 750,000 6.00%

9. Where the taxable income is between Rs. 750,000 - Rs. 900,000 7.50%10. Where the taxable income is between Rs. 900,000 - Rs. 1,050,000 9.00%11. Where the taxable income is between Rs. 1,050,000 - Rs. 1,200,000 10.00%12. Where the taxable income is between Rs. 1,200,000 - Rs. 1,450,000 11.00%13. Where the taxable income is between Rs. 1,450,000 - Rs. 1,700,000 12.50%14. Where the taxable income is between Rs. 1,700,000 - Rs. 1,950,000 14.00%15. Where the taxable income is between Rs. 1,950,000 - Rs. 2,250,000 15.00%16. Where the taxable income is between Rs. 2,250,000 - Rs. 2,850,000 16.00%

17. Where the taxable income is between Rs. 2,850,000 - Rs. 3,550,000 17.50%18. Where the taxable income is between Rs. 3,550,000 - Rs. 4,550,000 18.50%19. Where the taxable income is between Rs. 4,550,000 - Rs. 8,650,000 19.00%20. Where the taxable income is more than Rs. 8,650,000 20.00%

The basic exemption for male salaried person has been enhanced from Rs. 150,000 to Rs. 180,000. For the womentaxpayers this limit will be Rs. 240,000.


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learning.

The Pakistan Gross Domestic Product is

worth 167 billion dollars or 0.27% of the world

economy, according to the World Bank. From

1998 until 2009, Pakistan's average annual

GDP Growth was 4.92 percent reaching an

historical high of 9.00 percent in December of

2005 and a record low of 2.00 percent inDecember of 2009.


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ContInflation rate in Pakistan is pretty high, therefore italways made sense to

keep your money in $ and when the $ returns wereconverted into Pak rupeethere was enough to pay your bills.

However since 9/11 Pakistani rupee hasappreciated significantly and now State bank is in theenviable position oftrying to maintain the $1=Rs60 level.


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Cont..

when the rate of return are being reduced onthe saving schemas. So first let us look at whatwe are actually talking about. The 12% return

that you are getting is subject to 10% wealthtax. Which essentially means that you get 12% -1.2% tax = Your actual return is 10.8%.


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Learning..

HumanRights: The governments human rights record isgenerally regarded as poor by domestic and international

observers, although there have been some improvementssince 2000. Security forces use excessive and sometimeslethal force and are complicit in extrajudicial killings ofcivilians and suspected militants. The police and militaryhave been accused of engaging in physical abuse, rape, and

arbitrary arrest and detention, particularly in areas of acuteconflict. Although the government has enacted measures tocounter these problems, abuses


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Investment learning..

Problems facing the property sector in Pakistanare very low rental yields, adverse tenancy laws,absence of title to property and high property

taxes. However, Pakistans Securities &Exchange Commission (SECP) has beenconsidering the regulatory framework for RealE

state Investment Trusts


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Documents

Santosh Pakistan