Pakistan Education Budget 2012 – 13
We us discuss the magnitude and implication of Pakistan Federal Budget 2012 – 2013 in the educational sector. The economic budget of 2012-2013 has been of immense importance for the educational sector.
In the budget it has been decided to remove sales tax on stationary items. It means that the GST refund system in textile sector has been done away with. It is a big way for freeing the export sector from the sales tax regime.
This will help the textile exporters compete with other countries in the WTO era and will also help to vanish up the corruption in the form of fraudulent refunds. As the salaries have been increased so it will be am immense benefit for employees, teachers and researchers. Additionally.
Mr. Hafiz Sheikh further put a strong emphasize on setting up the educational foundations which will encourage the participation of private sector in connection with establishment of new schools.
On reaching the conclusion it would not be wrong to say that this ever-ravishing step in the budget would help the people to get rid of increasing education expenditures as the need of necessary education give birth to the problems of poverty and unawareness in this modern society. This would force them to attain higher education in this age of hectic educational competition.