Originally Posted by Wali Marwat

Can you please explain Chapter-3 and Part-4 of Chapter-10? from where we study these chapters

Originally Posted by amirabbas

I have downloaded almost all syllabus from FBR site but don't know how tow share at this site,
can anyone have idea how tow share that data?
it is MS word file.

Originally Posted by MMurtaza

WHAT IS FISCAL POLICY???

INTRODUCTION

Pakistan’s economy faced plethora of challenges on both internal and external fronts during the past five years including extremism, unstable law and order situation, lingering energy shortages, insufficient external inflows, unprecedented floods in 2010 and torrential rains in Sindh during 2011. Given the “Developing” status of Pakistan, these challenges added further intricacies in striking a right balance in terms of fiscal consolidation. Therefore, the importance of a prudent fiscal policy – aiming at mobilizing resources through taxes and public savings for funding public goods and services, correcting fiscal imbalances, promoting investment and growth through optimal allocation of resources and improving tax system policy – has gained significance.

Fiscal Policy Statement

The Fiscal Policy Statement is presented to fulfill the requirement of Section 6 of the Fiscal Responsibility and Debt Limitation (FRDL) Act 2005 which stipulates that:
(1) The Federal Government shall cause to be laid before the National Assembly the Fiscal Policy Statement by the end of January each year.
(2) The Fiscal Policy Statement shall, inter alia, analyze the following key
Macroeconomic indicators, namely:-

(a) Total revenue;
(b) Total expenditure;
(c) Total fiscal deficit;
(d) Revenue deficit; and
(e) Total public debt

(3) The Federal Government shall explain how fiscal indicators accords with the principles of sound fiscal and debt management.
(4) The Fiscal Policy Statement shall also contain:-

(a) The key measures and rationale for any major deviation in fiscal measures pertaining to taxation, subsidy, expenditure, administrated pricing and borrowing;
(b) An update on key information regarding macroeconomic indicators;
(c) The strategic priorities of the Federal Government for the financial year in the fiscal area;
(d) The analysis to the fullest extent possible of all policy decisions made by the Federal Government and all other circumstances that may have material effect on meeting the targets for economic indicators for that fiscal year as specified in the Medium-Term Budgetary Statement; and
(e) An evaluation as to how the current policies of the Federal Government are in conformity with the principle of sound fiscal and debt management and the targets set forth in the Medium-Term Budgetary Statement.

Originally Posted by hijab khan

If the general price level goes up by 12% and national income at constant prices increases by 3% then the national income at current prizes A. Increase by 9% B. Increase by 15% C. Decrease by 10% D. Decrease by 25%