Assignment 9264
Assignment 9264
Conclusion
Pakistan’s national budget for the fiscal year 2025 is a critical document
that outlines the government’s fiscal policies, revenue targets, and
expenditure plans. The budget reflects the challenges Pakistan faces,
including its economic instability, rising debt burden, inflation, and
political turmoil. Below are some of the salient features of Pakistan’s 2025
budget:
Overall Size: The total size of the national budget for 2025 has been
significantly impacted by the country’s high debt and inflationary
pressures. The budget is expected to exceed PKR 10 trillion.
Deficit: The fiscal deficit remains a major concern, with the government
projecting a deficit of around 6.5% of GDP. This means the government will
be borrowing a large part of its expenditure, further adding to the debt
burden.
2. Revenue Targets
Tax Revenue: The government aims to raise tax revenue of around PKR 6
trillion in 2025. However, the tax-to-GDP ratio remains low compared to
international standards, and improving tax collection continues to be a
major challenge.
There is also a push for better monitoring of the informal economy, which
is a significant contributor to the country’s overall economic activity but
remains largely untaxed.
3. Expenditure Allocations
GST and Sales Tax: A reduction in sales tax on some essential goods has
been proposed, but the government also plans to introduce reforms to
make the General Sales Tax (GST) system more efficient and reduce
leakages.
Wealth and Property Tax: The government is focusing on addressing the
underreporting of wealth and property. There are indications of increased
scrutiny of property values and the introduction of taxes on high-value
real estate.
Benazir Income Support Program (BISP): The BISP is also allocated funds
to continue providing financial aid to millions of Pakistanis living below
the poverty line.
Inflation Mitigation Measures: Given the high inflation rate in the country,
the budget includes measures to mitigate the cost of living, such as
increasing subsidies on food and essential commodities.
9. Environmental Sustainability
Green Initiatives: With growing concerns over climate change, the budget
includes allocations for environmental protection programs, focusing on
renewable energy, sustainable agriculture, and the reduction of carbon
emissions. The government plans to invest in projects that help mitigate
the effects of climate change, especially in vulnerable areas like coastal
regions and urban centers.
Conclusion
Traditional Media:
Social Media:
Global Reach, Local Impact: Social media has a broad, global reach but
offers the advantage of targeting specific demographic groups based on
interests, regions, or political affiliations.
Barriers: Limited internet access in rural areas, data cost, and digital
illiteracy can reduce the overall reach in Pakistan. However, mobile data
penetration is increasing, enhancing accessibility.
Traditional Media:
Unfiltered and User-Driven: Social media platforms are less regulated than
traditional media. Individuals and political activists can post content
without editorial filters, leading to the fast spread of both factual and
biased political information.
Traditional Media:
Social Media:
Traditional Media:
Limited Political Diversity: While private media channels may offer diverse
opinions, there are still limitations on dissent or controversial political
views, especially when they challenge the status quo.
Social Media:
Traditional Media:
Social Media:
Trust Issues: While social media platforms are highly influential, many
people question the accuracy and objectivity of content, especially when it
comes to political discussions.
6. Political Mobilization
Traditional Media:
Conclusion
Water Shortages: The melting glaciers feed major rivers such as the Indus
River, which is essential for irrigation and drinking water. Climate change
has altered precipitation patterns, exacerbating water scarcity in
agricultural regions.
6. Biodiversity Loss
Promote Solar and Wind Energy: Pakistan has immense potential for solar
and wind energy. The government should invest in solar power,
particularly in the Thar Desert and coastal areas, and wind energy in
regions like Sindh. Transitioning to renewable energy sources would
reduce Pakistan’s reliance on fossil fuels and decrease greenhouse gas
emissions.
Water Storage and Dams: The government should invest in new water
storage projects, including smaller dams and reservoirs, to manage water
resources effectively. The Bhasha Dam and Dasu Dam are key projects in
this regard.
Urban Green Spaces: In cities like Karachi, Lahore, and Islamabad, there is
a need for the development of more green spaces, parks, and urban
forests to mitigate the heat island effect, reduce air pollution, and
improve the overall quality of life.
4. Sustainable Agriculture
Climate-Resilient Crops: The government should invest in developing and
promoting climate-resilient crops that can withstand extreme weather
conditions such as drought, floods, and heatwaves. This could involve
research into drought-resistant varieties of wheat, rice, and other staple
crops.
Conclusion
1. Political Instability
External Debt and IMF Programs: Pakistan’s reliance on external loans and
its dependence on the International Monetary Fund (IMF) for financial
support further complicates its political situation. The economic pressures
often lead to popular discontent, influencing political dynamics.
6. Role of Media
Media’s Political Role: The media plays a central role in shaping public
opinion in Pakistan. However, it is often accused of bias, either towards
political parties or military interests. Media outlets can sometimes amplify
political divides or serve as a platform for political agendas.
1. Electoral Reforms
Ensure Free and Fair Elections: The Election Commission of Pakistan (ECP)
must strengthen its capacity to ensure free, fair, and transparent
elections. Technology, such as electronic voting machines (EVMs), should
be used to reduce electoral fraud and rigging.
3. Reducing Corruption
4. Devolution of Power
6. Media Reforms
Free and Fair Media: Pakistan should work towards ensuring a free and
independent media. Journalists and media outlets should operate without
fear of censorship, allowing for a diversity of opinions to be heard.
Strengthening Rule of Law: Ensuring that the rule of law is applied equally
to all citizens, including political elites, will help prevent abuses of power
and build trust in democratic institutions.
Protection of Human Rights: Ensure that human rights are protected for
all citizens, including freedom of expression, assembly, and the right to a
fair trial. Political dissent should not be met with repression.
8. Economic Reforms
Foreign Policy Reform: A clear, independent foreign policy that reflects the
democratic will of the people can help Pakistan strengthen its global
standing while reducing the influence of military establishments.
Conclusion