Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

final presentation on comparison between Pakistan and south Korea

No description
by

on 1 December 2014

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of final presentation on comparison between Pakistan and south Korea

EXPENDITURES:
ASSIGNMENT
TAXATION MANAGEMENT
REFERENCES
Sources of Revenue And Expenditures
The country of Pakistan is divided into five provinces and one capital territory for local administration (as well as several federally administered tribal areas)

PAKISTAN
BALOCHISTAN

FIVE PROVINCES OF PAKISTAN
South Korea is made up of 9 provinces and 7 metropolitan cities. Seoul is the capital of South Korea and boasts the largest population of almost 10.5 million people.
South Korea

TAXATION MANAGEMENT


TOPIC: Comparison Between Pakistan And South Korea

SUBMITTED TO: Prof:Mohsin Akhtar

SUBMITTED BY:
GROUP MEMBERS:
NAMES REG. NO.
Zunaira Ijaz D1F13MCOM0008
Kiran Rafique D1F13MCOM0010
Hina Shakeel D1F13MCOM0003
Madiha Bashir D1F13MCOM0025
Zunaira Khalid D1F13MCOM0017
DEPTT. M. Com
Punjab College Of Commerce Daska


TOPIC
Comparison Between Pakistan And
South korea Economy
PUNJAB
SINDH

KHYBER PAKHTUNKHWA

Land Area: 347,190 sq km
Population: 7,914,000
Capital: Quetta

Land Area:205,344 km²
Population: 91,379,615
Capital:Lahore


SINDH AND KHYBER PAKHTUNKHWA
Land Area: 140,914 sq km
Population: 42,400,000
Capital: Karachi


Land Area: 205,344 km2
Population: 20,215,000
Capital: Peshawar

Gilgit Baltistan
Land Area : 72,496 km²
Population: 216,760
Capital : Gilgit
PROVINCES AREA OF South Korea
CAPITAL TERRITORY
Islamabad Capital Territory
Land Area: 906 sq km
Population: 805,235
Capital: Islamabad

Province Of Korea
1. Gangwon Do
2. Gyeonggi Do
3. Chungcheongbuk Do
4. Chungcheongnam Do
5. Gyeongsangbuk Do
6. Gyeongsangnam Do
7. Jeollabuk Do
8. Jeollanam Do
9. Jeju Province
REVENUE SOURCES
The Government raises revenue from various sources in order to fund government activities and development programs.
Government Receipts comprised on following:
*Revenue Receipts (Net of Provincial Shares)
*Capital Receipts
*Self-Financing by Autonomous Bodies
*External Resources


REVENUE SOURCES
FOR PAKISTAN:
The revenue receipts:
Income taxes
Property taxes
Excise duty
Custom duty
Sales tax
Value added taxes etc.
Capital receipts:
External Borrowing And
Internal Non-bank Borrowings

FOR South Korea:
The revenue receipts:
Personal income tax
Corporate income tax
Value added tax
Excise taxes
Property
Taxes on transactions
Taxes on wealth holding
Customs duties
REVENUE SOURCES

FOR PAKISTAN:
The capital receipts:
Internal borrowing
External borrowing
FOR South KOREA:
The non tax revenues:
Foreign aid
Foreign remittances

Expenditures are of also two types:
EXPENDITURES
FOR PAKISTAN:
Current expenditures:
1.      Defense,
2.      Debt servicing,
3.      Subsidies and grants,
4.      General administrative,
5.      Social services, and
6.      Others.
Development expenditures:
Expenditures on basic infrastructure

FOR South KOREA:
Current expenditures:
1. Defense projects
2. Basic Livelihood Security Program
3. National Basic Livelihood Security System
4. National Pension Service
5. others
EXPENDITURES
R&D expenditure:
Basic research
Applied research
Experimental development
FOR PAKISTAN:

FOR South KOREA:

DEFINITION OF 'BUDGET'
A government budget—a plan of a nation’s revenues and expenditures within a given period—is a blueprint for national management, a distribution process for scarce resources, and a core means to reflect and meet political demands that vary among countries and time periods
'BUDGET' EXPLANATIONS
Budget may be
*Surplus Budget
*Deficit Budget
*Balance Budget

TYPES OF BUDGET
Surplus Budget

when revenue exceed the expenses is called surplus budget
Deficit Budget
A deficit budget means expenses will exceed revenues
Balance Budget
while a balanced budget means that revenues are expected to equal expenses.

PAKISTAN FEDERAL BUDGET 2011-12
Announced : Friday, June 03, 2011

Presenting in: national assembly ISLAMABAD

Presenting by: Finance minister Hafeez Shaikh

PROVINCES BUDGET 2011-12
Punjab announces Rs 655 billion budget
Friday, June 10, 2011
Presenting in: Punjab Assembly LAHORE
Presenting by: Provincial Finance Minister Kamran Michael.
BUDGET PRESENTED FOR PUNJAB
for development programs. Rs 220 billion
foreign aid: Rs 19 billion
Government employees: 15% increased
Education: Rs 23.90 billion
Police: Rs 50 billion
Health: Rs. 26.40 billion

BUDGET PRESENTED FOR PUNJAB
BUDGET PRESENTED FOR SINDH
Rs457 bn budget presented for Sindh
Presenting by : Sindh Finance Minister Murad Ali Shah
Presenting in:  KARACHI
salaries: 15% rises
Pensions: 20 percent increase
more than 70 percent of SESSI finances were spent of provision of medical care.
BALUCHISTAN BUDGET 2011-12
Tuesday, June 21, 2011
Presenting by: Finance Minister Asim Kurd
Presenting in : QUETTA
KPK PRESENTS BUDGET
The annual development program is Rs. 85.14 billion
Health: Rs.13.12 billion
Police: Rs.18.81 billion
Technical Education: Rs.1.23 billion
Pension & Insurance: Rs.50.82 billion
Salaries: Rs.10.60 billion

BUDGET OF KOREA 2011
SOUTH KOREA BUDGET 2011
Announced: 27 sep 2011
Presented by: prime minister of south korea
Total amount for buget: 309.1 trillion won

government offer 9.5 trillion won to create 562,000 jobs for younger people, senior citizens and others vulnerable to an economic slowdown.
The government also launch a 200 billion won fund intended to help young entrepreneurs start their own businesses
For health, welfare and labor affairs, the government assigned 92 trillion won
BUDGET OF SOUTH KOREA
BUDGET OF SOUTH KOREA
Government earmarked 3.9 trillion won for foreign relations and reunification.
National defense 33.2 trillion won
Social infrastructure 22.6 trillion won
Spending on the near-completed project to refurbish the nation's four major rivers is excluded 1.2 trillion won
Tax revenue to gain 9.7 percent to 205.9 trillion won
Non-tax revenue and income from fund operations will come to 28.6 trillion won and 109.6 trillion won
BUDGET OF SOUTH KOREA

www.encyclopedia.com
www.wikipedia.com
www.nationmaster.com
http://www.oocities.org/znuniverse/Public_Finance fiscal_policy_in_pakistan.htm
Acknowledgement
I would like to express my special thanks of gratitude to our Professor Mohsin Akhtar as well as our Principal Faizan Bukhari who gave us the golden opportunity to do this wonderful project on the topic Comparison between Pakistan and South Korea economy , which also helped us in doing a lot of Research and we came to know about so many new things I am really thankful to them.
Secondly i would also like to thanks my Parents and Friends whose helped me a lot in finalizing this project within the limited time frame.

Dedication
we would like to dedicate this project to our parents
and all family members.
Comparison of two economies
PAKISTAN AND SOUTH KOREA
WHAT IS ECONOMY OF COUNTRY
DEFINATION:
The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
Careful management of available resources
PAK VS SOUTH KOREA
PAKISTAN
Population 193,238,868

Life Expectancy 66.710 years

Capital City Islamabad

Largest city Karachi(population:11,624,200)

Human Development Index 0.562

GDP per capita $2,900 US

Literacy Rate 49.9%

Corruption Perception Index 2.5
SOUTH KOREA
Population 48,955,203

Life Expectancy 79.550 years

Capital City Seoul

Largest city Seoul (population: 10,349,300)

Human Development Index 0.928

GDP per capita $32,800 US

Literacy Rate 97.9%

Corruption Perception Index NA

PAKISTAN AND SOYTH KOREA
PAKISTAN
Percentage of Women in Parliament
21.2%

Wealthiest Citizens
Unemployment Rate
6.200%

Political System
federal republic

Independence date
14 August 1947 (from British India)

Religions
Muslim 95% (Sunni 75%, Shia 20%), other (includes Christian and Hindu) 5%


Before independence Pakistan
while the British de-industrialized India and strengthened feudalism

SOUTH KOREA
Percentage of Women in Parliament
13.7%

Wealthiest Citizens
Unemployment Rate
3.200%

Political System
Republic

Independence date
15 August 1945 (from Japan)

Religions
Christian 26.3% (Protestant 19.7%, Roman Catholic 6.6%), Buddhist 23.2%, other or unknown 1.3%, none 49.3% (1995 census)

Before independence Korea
Japan undertook major industrialization and land reforms in Korea,

PAKISTAN AND SOUTH KOREA
PAKISTAN
Difference relates to economic policies.
Pakistan’s economic policy changed several times–from market-led to state-led to IMF-led strategy. Until 1971, we followed a market-led strategy.

NATIONALIZATION
In Pakistan, nationalization was over-done and the private sector and bureaucracy weakened in pursuit of the second goal (ethnic equality) precisely when they were needed to meet the first objective.

SOUTH KOREA
Difference relates to economic policies.
 Korea adopted a consistent strategy of working closely with the private sector to wean it towards progressively more advanced industries.

NATIONALIZATION
In Korea, nationalization was limited and industrialization drew on a capable bureaucracy.

PAKISTAN AND SOUTH KOREA
PAKISTAN
SOUTH KOREA
TECHNOLOGIES USED BY PAKISTAN
Pakistan only got Soviet technology for its steel mill. Finally, since the 1980s, we have followed an IMF-led strategy which undermines national development and which Korea never followed.

Joining of UN
Pakistan joined UN in1944 before in 1947. 
Pakistan’s natural resources
are extensive natural gases, limited petroleum, poor quality coal, iron ore, copper, salt, and limestone
TECHNOLOGIES USED BY KOREA
 Korea set up advanced industries with superior American and Japanese technology



Joining of UN
South Korea joined the UN in 1991  
South Korea’s natural resources 
coal, graphite, hyper power

PAKISTN AND SOUTH KOREA
PAKISTAN
SOUTH KOREA
PAKISTAN
economy
Not better than South Korea

POVERTY LINE
Pakistan is a really poor country. 22.3% of Pakistan’s population is under poverty line. (Which means that they are officially in poverty.)

Existence of Pakistan
Pakistan has been in existence for just 60+ years and is highly ethnically heterogeneous.


South Korea’s economy
better than Pakistan


POVERTY LINE
Nill



Existence of Korea
 Korea has been a homogeneous separate country for more than 500 years with the Korean ethnic group constituting 90% of its population

PAKISTAN AND SOUTH KOREA
The only similarity between Pakistan and South Korea
they are both located in Asia.

The revenue receipts:
Surcharge on natural resources
Debt financing
External resources
Foreign aid

Non-development/Current Expenditures
Development Expenditures
Non-development expenditures refer to the funds used to keep services operational. This encompasses
Development expenditures mainly include financing of public investment projects, which include the construction of public infrastructure, such as roads, bridges, electricity grids and telecommunication.
http://www.brecorder.com/budget/budgets.html
Budget of Pakistan 2011-2012
Rs170 billion. presented for Baluchistan
Development expenditures: Rs30 billion.
Salaries: 15% rises
Pensions: 20 percent increase
education sector roughly Rs20 billion,
law and order Rs13 billion
health Rs9 billion
Rs3 billion has been provided for natural calamity

QUESTION ANSWER SESSION
NEXT MEMBER
NAME KIRAN RAFIQUE
ID D1F13MCOMO010
NEXT MEMBER
NAME HINA SHAKEEL
ID D1F13MCOM0003
NEXT MEMBER
NAME MADIHA BASHIR
ID D1F13MCOMOO25
NEXT MEMBER
NAME ZUNAIRA KHALID
ID D1F13MCOM0017
Time difference between Pakistan and South Korea is:
Time Difference
South Korea is 4:0 hours ahead of Pakistan
SOUTH KOREA (WON) AND PAKISTAN RUPEE (PKR) CURRENCY EXCHANGE RATE CONVERSION TABLE
SOUTH KOREA (WON) AND PAKISTAN RUPEE (PKR) CURRENCY EXCHANGE RATE CONVERSION CALCULATOR
NEXT MEMBER
NAME ZUNAIRA IJAZ
ID D1F13MCOMO008
Provinces of Pakistan
Full transcript