Let it be clear that the agriculture and the industry based on agriculutre in particular cotton, rice etc and sports andthe natural resorces in particular to the gas and electrcity production are the sole resources of our GDP. Non of the consumer industry or services sector play any significent role in GDP. Let's suppose if we agree to pay the due share of Gas to Baluchistanthen for the next 40 years there will be no money avaiable for the urban cities like Karachi, Lahore, Islamabad. It is the expliotation of the poor nation by the priviliged classes of urban centres which is the main cause of unrest among the nation.
Lets's see the reality of claim about Karachi contribute 70% of the revenue collection:
"The revenues generated in Karachi do not go out the pockets of Karchitiites. The two main sources of revenues in and around karachi for the Federal government are (1) custom duties on imports and some exports and (2) the corporate taxes paid by national entities such as banks and industries with headquarters in Karachi.
Large companies and financial institutions generate their profits (and therefore their share of taxes) by conducting their business activities through out the country. Most banks, for example, have more branches in the Punjab than anywhere else. So the income (and the taxes on that income) is mostly generated out of Kaarchi, since thats where 90 percent of Pakistani population and therefore an overwhelming majority of consumers/customers live. Only that when the annual taxes have to be paid they are paid by their chief accountants based in their headquarters in Karachi. Nothing extra goes out of the pockets of the citizens of the city.
Ditto with the international commerce. The goods imported through the port of Karachi are not all consumed in Karachi but a majority goes upstream as thats where the majority of population and therefore consumers live. The importer pays custom duties through their income generated by selling these products to consumers, and as we have learnt above that consumers are spread from NWFP to Sindh and from Punjab to Balochistan. And export goods are mostly agri-products predominently coming from north of Karachi, and hence any export duties on these goods do not go out the pockets of a common Nazimabad resident.
Now let us talk of the GDP - gross domestic product another source of random figures thrown at this forum. It is calculated on any activity resulting in productivity (NOT THE REVENUES OR INCOME) of any kind. So a poor peasant living in Dadu or Mianwali generating milk from a domestic cow for the consumption of his family or harvesting enough wheat for his familys survival is indulging in generating products which are included in the countrys GDP. The farmer does not need to sell his products to generate any profit of income for him but he only has to produce these products (even for his own consumption. The value of products he is generating will form a part of the national GDP.
It is easy to guess that Punjabs contribution to Pakistans GDP will be highest as thats where most people of the country reside and indulge in generating products. "
Lets's see the reality of claim about Karachi contribute 70% of the revenue collection:
"The revenues generated in Karachi do not go out the pockets of Karchitiites. The two main sources of revenues in and around karachi for the Federal government are (1) custom duties on imports and some exports and (2) the corporate taxes paid by national entities such as banks and industries with headquarters in Karachi.
Large companies and financial institutions generate their profits (and therefore their share of taxes) by conducting their business activities through out the country. Most banks, for example, have more branches in the Punjab than anywhere else. So the income (and the taxes on that income) is mostly generated out of Kaarchi, since thats where 90 percent of Pakistani population and therefore an overwhelming majority of consumers/customers live. Only that when the annual taxes have to be paid they are paid by their chief accountants based in their headquarters in Karachi. Nothing extra goes out of the pockets of the citizens of the city.
Ditto with the international commerce. The goods imported through the port of Karachi are not all consumed in Karachi but a majority goes upstream as thats where the majority of population and therefore consumers live. The importer pays custom duties through their income generated by selling these products to consumers, and as we have learnt above that consumers are spread from NWFP to Sindh and from Punjab to Balochistan. And export goods are mostly agri-products predominently coming from north of Karachi, and hence any export duties on these goods do not go out the pockets of a common Nazimabad resident.
Now let us talk of the GDP - gross domestic product another source of random figures thrown at this forum. It is calculated on any activity resulting in productivity (NOT THE REVENUES OR INCOME) of any kind. So a poor peasant living in Dadu or Mianwali generating milk from a domestic cow for the consumption of his family or harvesting enough wheat for his familys survival is indulging in generating products which are included in the countrys GDP. The farmer does not need to sell his products to generate any profit of income for him but he only has to produce these products (even for his own consumption. The value of products he is generating will form a part of the national GDP.
It is easy to guess that Punjabs contribution to Pakistans GDP will be highest as thats where most people of the country reside and indulge in generating products. "
