Literacy rate Dropped to 58 Percent - Dr Hafeez A Pasha
According to the social and economic survey report 2013-2014, the literacy rate of Pakistan declined from 60 percent to 58 percent. Corporate sector is highly involved in tax evasion as only 23,000 out of 65,000 companies in Pakistan file tax returns. 18th amendment was a landmark in the transfer of financial authorities to the provincial governments and the abolition of the concurrent list. Pakistan would not have been disintegrated if this thing had been done in 1960’s.
These views were expressed by renowned economist, former Deputy Director, Planning Commission, Former Vice Chancellor KU Prof. Dr. Hafeez Ahmed Pasha delivering his address at Dr. Ehsan Rasheed Memorial lecture on “Provincial Budgets of Pakistan” at AERC, University of Karachi. Dean Faculty of Social Sciences, KU Prof. Dr. Moonis Ahmar presided the session while Dr. Samina Khalil and Mrs. Nighat Bilgrami were also present.
He added that provincial governments are spending on the development sector more than the federal government. More than 1 trillion rupees have been spent in defense sector this year. Minimum import duty has been imposed on duty free items like food which is giving a boost to the inflation rate. The government has overburdened the common man with indirect taxes. Prof. Dr. Moonis Ahmar distributed the shield to the guest speaker.
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