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Saturday, 10 October 2015

EDUCATION SYSTEM IN PAKISTAN

      EDUCATION SYSTEM IN PAKISTAN


Essay
“Education is the most powerful weapon which you can use to change the world”  (Nelson Mandela)
The word "Education" has been derived from the Latin term "Educatum" which means the act of teaching or training. A group of educationists say that it has come from another Latin word "Educare" which means "to bring up" or "to raise".
All these meanings indicate that education seeks to promote the good qualities in man and draw out the best in every individual. Education seeks to develop the distinctive inner capacities of man.
Education is the light of the life. It frees an individual from misconceptions and blind beliefs. It enhances human status and leads everyone to respectability.
Education has been accorded great importance in every religion and society. Islam also attaches utmost importance to it.
The first word of the Holy Quran was IQRA (READ) and Holy prophet (S A W) said
“Education is mandatory for men and women.”
The above Hadith does not discriminating gender that means it is not only mandatory for men but also for women. Holy prophet (S A W) also said
“Seek knowledge even you have to travel to China.”
Muslims ushered an era of glory only with education but when they renounced it, they fell into the depths of gloom and dejection. The west, today, dominates the world only because it realized education’s vitality to development. Article 26 of the UNs ‘Universal Declaration of Human Rights’ reads: “Everyone have the right to education”. It is the second objective in UNs Millennium Development Goals (UNMDGs) which requires education for all (EFA) by year 2015. However the state of education in Pakistan is far from satisfactory.
The education system in Pakistan is generally divided into five levels: primary (grades one through five); middle (grades six through eight); high (grades nine and ten), leading to the Secondary School Certificate or SSC; intermediate (grades eleven and twelve), leading to a Higher Secondary (School) Certificate or HSC; and university programs leading to undergraduate and graduate degrees. Education in Pakistan is overseen by the Ministry of Education of the Government of Pakistan as well as the provincial governments, whereas the federal government mostly assists in curriculum development, accreditation and in the financing of research and development.
Article 25-A of Constitution of Pakistan obligates the state to provide free and compulsory quality education to children of the age group 5 to 16 years. “The State shall provide free and compulsory education to all children of the age of five to sixteen years in such a manner as may be determined by law”. Pakistan produces about 445,000 university graduates and 10,000 computer science graduates per year.
Despite these statistics, Pakistan still has one of the highest illiteracy rates in the world and the second largest out of school population (5.4 million children) after Nigeria.
The literacy rate for age 10 years and above in Pakistan, according to World Bank, is 55 percent (67 % for males and 42% Females). This is the lowest rate in the developing nations of Asia. Silence has 90.7%; Indonesia has 90.4%, while literacy rate in Vietnam, Iran and India reach 90.4%, 82.4% and 61% respectively. In contrast in developed countries it is almost 100%.
In the sphere of higher education only 3.7% of Pakistani youth of 18 to 23 age group is enrolled this is also very low as compare to other developing countries as India has 7% while Malaysia has 12%.
In Human development Report, Pakistan is placed at 134th position out of 177 countries of the world and education is a major indicator in human development index. We may be conclusive about the ground reality that people in the 6th largest country of the world have no access to the basic education even.
This is because Pakistan is still struggling with its problems of Education system. At the first place, the problems have arisen due to lack of commitment and inefficient management on the part of state. The policies lack long term vision and its implementation strategies are being affected by unnecessary political interference. Over the span of 66 years, the nation has been given the 23 policies and action plans but we could not start the march towards success and are waiting for a savior who could take the system out of confusion. The National Education Policy (1998-2010) was developed previous to Dakar. It has a clear cut vision and direction to support the education department. Since the 2001, the Ministry of Education has developed a number of policy documents including that of National Education policy (2009) but the activities remain focused on paper work more rather than the operationalization. The simple reason is that the coordination is missing between the federal and provincial governments which cause strong problems in the policy implementation.
The policy formulating, planning and implementing bodies work in isolation as the water tight sections. The government's consultation is very much restricted and does not go beyond its specific quarters. It should have to be extended to non-state sectors to initiate and mobilize the action. Teachers does not normally form the part of policy making process, hence the process of sharing and consultation remains missing. It leads to implementation of educational policies without consultation, thus the efforts go in vain. In addition to it, the measures taken are not evidence based and geared by the assigned interests of the authorities. Whatever strategies have been applied failed to promote the rational and critical thinking skills amongst the students. Because there is a need to continuously update the syllabus because if it goes old, it does not prepare the beneficiaries with the salable skills and expertise.
Secondly the allocation of funds for education is very low as it never went beyond 1.5 to 2.5 percent of the total GDP. Even this amount was not utilized and had to be surrendered back to the government as about 10 to 30% of education budget remains underutilized.
In spite of allocation, the amount is not spent for what it was meant for as the corruption is found in all the levels of education. Corruption causes the educational policies, plans and projects to fail because of being the major contributing factor. There is no accountability and transparency in the system, the salaries are low, the incentives are too less to be accounted and even those are uneven.
Thirdly the system of education in Pakistan is working in match with the local needs and ground realities. It is almost a key factor that the education in the mother tongue surrenders more dividends but we have the system more separated and expanded just opposing to our requirements. A good example of it is that we fail to decide about the Medium of education over the span of 64 years. Different mediums are operational in both, public and private sector. This creates a sort of difference among people, dividing them into two segments. In the elite private schools where the quality education is offered, a heavy fee is charged that continues to be a problem. These private sectors schools are meant only for a special sector of the population and are out of the reach of general masses. The quick growth of private schools and academies of teaching reflect the people's lack of trust in the public sector schools coupled with a deficiency of sufficient educational institutions to cater to the needs of the fast growing population. However, there are certain private schools which are slightly better than the public ones. Private Schools in Pakistan enroll more students than in other countries of the region. They least problem about the capacity and facilities available, they rather over burden the teaching staff. Education has been followed by these people as an industry and they fail to cope up with the required standards. The leader with vision spoils the mission as well as the projects undertaken. Their only committed is money making that has caused the decay in the standards, introduction of sub-standard staff, and inexpensive the deserving to grow. They don’t want to catch with the move of success but they try to be good businesspersons.
Fourthly, Shortage of qualified teachers is main cause of less interest of young students towards education. Only 25% of university teachers are of PHDs and only 20 % of them are active researchers Student-teacher ratio is very high in Pakistan. So the teacher cannot properly treat students. Teachers are not given any motivations for dedication to the profession. Salary and other facilities especially at the lower levels are very disappointing. Training and refresher courses are also insufficient. New techniques of teaching and facilities needed for good teaching should be provided to the teachers.

Fifthly, Examination System remained a problematic issue in Pakistan. How to judge the performance of students is a difficult question. Instead of comprehension and depth of knowledge importance is placed on test of memory. Learning is geared to passing the examination. Some people work only at the end of the year and get good marks due to fault in the system. Some of they use unfair means. Students have were little knowledge of how the papers are actually graded. This becomes a serious problem at the higher levels. Still there is a debate that whether Annual system or Semester system should be adopted.

Sixthly, the gender discrimination is a cause that is contributing towards the low participation rate of girls at the basic level of education. The male and female participation ratio is projected at the primary school in the shape of ratio of boys & girls as 10:4 respectively. Only 22 percent of girls, compared to 47 percent boys, complete primary schooling. Female literacy in rural Baluchistan is only 32 percent compared to high urban male literacy rates.


Seventhly, We could not attract the general masses towards technical education making them to earn of their own and make their living without being the burden on the government. Education system is needed to be restored making a space for the science, IT, management, and pupil with the excellence to go to the higher education following the education of their own choice. Lesser importance on technical education means the lesser manpower for industry and hence the lesser.

Eightly, Student groups have political links with outside groups. Political parties have their sub units in educational institutions, which result in use of violence and threats. This also damages the educational environment.

Lastly, the increase of poverty has restricted the parents to send their children to tasks for child labor. Poor parents are forced to send their children to madrassas where the education is totally free. Madrassas are preparing people who finds very difficult to adjust in the modern society. Sometimes it seems that they are from another planet.
A madrassa student can’t compete even in our country then the World is so far from him. He finds very difficult to even speak to a school boy. It is crystal clear that Islamic Education is necessary for Muslims but it is also a fact that without modern education no one can compete in this world.
There are many examples of Muslim Scholars who not only study the Holy Quran but also mastered the other subjects like Physics, Chemistry, Biology, Astronomy and many more, with the help of Holy Quran. On the other hand, the students from the leading class have little or no awareness of their religion and culture whereas those passing out from Urdu medium schools are usually designed to work in religious and lower level positions. We have to find a way to bridge this gap between school and madrassa.

The above mentioned problems affected our society in many ways like failure of democracy, bad governance, and degradation of society and also hampered the economic progress. Due to lack of education, our work force consists of only tiny part of population. Agriculture and Industrial sectors have also suffered because of lack of research.

The governments of Pakistan have taken some steps for the betterment of education system which includes the establishment of HEC and increase in spending on higher education.
HEC introduced many reforms in the education system. The effective reforms include faculty improvement programs, tenure track system for faculty remuneration, provision of laboratories, equipment and scientific material, alignment of academic degrees with international norms and standards, exploitation of the potential of distance learning, provision of scholarships and a culture of accountability in universities.

These reforms resulted in the robust growth of enrollments. Recruitment procedures for academic staff are now explicitly based on merit due to the efforts of HEC.

In spite of these results still education system of Pakistan needs to be improve and following measures can be taken for the improvement of system.

In the view of importance of education, the Government should take solid steps towards implementation instead of projecting policies. In this regard, the allocations should be made easy and timely from provinces to districts and then to educational institutes.

Allocations are supposed to be made to the aspired levels as UNO suggests a country to allocate at least four percent of its GDP towards education there is also a need to justify the share at the different levels not ignoring any.

Primary education should be made compulsory. The textbooks and uniforms should be provided free of cost to the indigent children and rewards may be offered to them on passing examinations.

There should be a balance in dependence on public and private for enabling education to reach the general masses in its true shape. Government should strictly check all private educational institutions for keeping a balance of standards and level of practices.

Hiring should be made from amongst the highly qualified and the teachers should be paid not according to the level of education but the qualification of the staff. Efforts should be made to bring down the student-teacher ratio to 15:1 in lieu of current 40:1. Therefore, the number of teachers will have to be enhanced, leading to the rise in number of teachers and enabling the competent persons to be inducted to the system of education. Workshops must be arranged for teachers as a continuous feature for learning.
It is advised that the Universities should be the research centers and must not be allowed to act as the examining bodies for graduate or post-graduate examinations.
Higher Education deserves serious attention in this regard. Steps should be taken to attract youth to higher education. The investment is this sector should be increased to meet demands of universities.
Technical education should be filled into the regular system stream. As the education board of Punjab has projected a plan to give tech- education to the children of industrial workers. Introductory technical subjects should be taught at the middle level to enhance awareness and encourage interest of students.
With a surprising 5.4 million children out-of-school, Pakistan is likely to miss the Education For All (EFA) target that was set to be achieved by 2015, according to EFA Global Monitoring Report.
Projecting a grim future, the report states that if the country moved at current pace the adult literacy rate (15 and above) by the year 2015 will be 60 per cent of which female at 47 per cent and male 72 per cent. Besides, the adult illiteracy rate by 2015 also seems to be estimated at an appalling 51 million of which 65% will be females.
The report reveals that if Pakistan were to halve the inequality in access to education to the level of Vietnam, it would increase its economic growth by 1.7 percentage points.
Alarmingly, Pakistan is ‘very far’ from meeting the 2015 deadline and ranks among nations like Mali, Niger and Lesotho in the countries list away from achieving the education goal, the report further states.
Highlighting the dismal progress in education sector, the report states that around 59 per cent of women would remain disproportionately affected by illiteracy by 2015.
Commenting on the issue State Minister for Education, Trainings and Standards in Higher Education said that Pakistan would be unable to achieve the EFA goals within the deadline. However, the government was taking measures like National Plan of Action to include all the out-of-school children with special focus on girls of rural areas.
It is an established fact that education serves as the backbone for the development of nations. The countries with the effective impressive need oriented, saleable and effective system of education comes out to be the leaders of the world, both socially and economically. It is only education which can turn a burden of population into productive human resource. Pakistan's current state demands that the allocations for education be doubled to meet the challenges of EFA. We have to reconsider our priorities to keep the country on the track of progress. As education is the only cure of disability of the state and for bringing revolution through evolution and by eliminating the social evils through education.

Thursday, 17 September 2015

Saturday, 29 August 2015

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Saturday, 30 May 2015

Shift In Demand

Definition:

A shift in demand occurs when more or less of a quantity of good is demanded at each price level.


The diagram shows the effect of a rise in the price of butter on the market for margarine.


Here is how the new equilibrium is established:
·        Equilibrium initially at P0Q0.
·        Rise in price of butter causes a contraction in the demand for butter (not shown: this is a model of the margarine market) as consumers switch expenditure towards margarine, a substitute.
·        Rise in demand for margarine, shown by shift from D to D1, causes a shortage of Qd-Q0 at price P0.
·        Price rises. Demand contracts and supply extends.
·        New equilibrium at Q1P1.

Monday, 25 May 2015

Equilibrium Market Price

Definition:

The price at which quantity demanded equals quantity supplied and which will be established and restored by market forces.


It can be seen that Pe and Qe are the price and quantity, respectively, which will prevail in this market.

Friday, 22 May 2015

Supply and Law of Supply

Supply:

The quantity which firms are willing and able to supply at the prevailing market price.


Law of Supply:

As the price of a good rises, ceteris paribus, supply of the good extends and conversely…

As the price of a good falls, ceteris paribus, supply of the good contracts.


Note: Ceteris paribus: a Latin expression which means ‘other things remaining equal’


Supply Curve:

As prices rises from Rs. 10 to Rs. 20 the quantity supplied extends from 50 to 120 units.

Thursday, 21 May 2015

Demand and Law of Demand

Demand:

The quantity which buyers are willing and able to purchase of a product at the prevailing market price.


Law of Demand:

As the price of a product falls, ceteris paribus, the demand for the product extends and conversely…

As the price of a product rises, ceteris paribus, the demand for the good contracts.


Note: Ceteris paribus is a Latin expression which means “other things remaining equal


Demand Curve:
In the above diagram when price is Rs. 10 the quantity demanded is 20. If price falls to Rs. 5 the quantity demanded extends to 50.

Wednesday, 20 May 2015

Income Elasticity of Demand

Definition:

A measure of the responsiveness of demand for a good in relation to a change in the level of money income amongst consumers.


Formula:


Example:


Monday, 18 May 2015

Price Elasticity of Demand

Definition:

A measure of the extent of changes in the market demand for a good in response to a change in price.

Factors Determining Price Elasticity of Demand

There are several factors which determine the price elasticity of demand.

Nature of the commodity:

The elasticity of demand for necessities of life is generally inelastic because due to increase in price, the demand for necessary commodities does not contract generally proportionately. However, for comforts and luxuries the elasticity of demand is elastic because even a smaller change in price brings bigger changes in quantity demanded. For example demand for wheat, sugar, rice, vegetables etc. is inelastic being necessities and for motor cars, air conditions demand is elastic being comforts and luxuries.

Number of substitutes:

If more substitutes are available for a product it would be more easy for consumers to shift from one product to another and consequently more elastic their demand would be. For example bathing soaps, tooth pastes, edible oils, soft drinks etc. have many substitutes that can be used for one another. On the other hand, electricity has no close substitute. Therefore, demand for electricity would be inelastic.

Goods having several uses:

Certain goods have different uses e.g. electricity is a necessity for certain uses, while for other uses it is a comfort or luxury. Use of electricity in the industry, for commercial purposes and for households also is a necessity and electricity used for decorative lighting is a luxury. Elasticity will be measured depending upon the use. More important the use is more inelastic the demand would be and less important the use is, more elastic the demand would be.

Durable Goods and perishable goods:

Demand elasticity is determined on the basis whether a good is durable or perishable. Generally demand for durable goods can be postponed. For example if there is a very high rise in prices, demand for motor cars, deep freezers, air conditioners can be postponed while perishable goods like fresh milk, vegetables and fruit etc. have inelastic demand as their use cannot be postponed.

Price Level:

Elasticity of demand for those goods which are either high priced or low priced is inelastic. An increase or decrease in price of high priced goods does not have greater impact on rich class. For example a change in price of “Mercedes” motor car will not yield significant effect on high rich class while lower middle class cannot purchase very high priced commodities already. However, if the commodity is low priced then it is already purchased in sufficient quantity so further fall in price does not cause an increase in demand. For example if the price of potatoes is Rs.10 per kg every consumer will be purchasing sufficient quantity. One rupee rise or fall in price would not cause any significant impact on demand.

Income Level:

For rich, elasticity of demand for different commodities is inelastic as an increase in price does not affect their consumption expenditure. For poor, elasticity of demand is elastic because even a smaller change in price brings greater change in demand. For example if price of petrol goes up by Rs. 50 per litre or falls by Rs. 50 per litre it will not cause significant change in the demand for rich class but would cause significant changes in the demand pattern of the less privileged and middle class people.

Consumer’s Loyalty:

Some goods and services are addictive in nature for example alcohol, drugs, cigarettes etc. Any rise in price will be unable to stop the use of these goods by addicted consumers. So their demand will be inelastic. Similarly some firms try to make their customers more and more brand loyal by excessive and persuasive advertisement. Their advertisement activities help them to develop habits of their brand. For example branded cellular phones and tablets.

Time:

Some goods are demanded in emergency for example lifesaving medicines. Their demand cannot be postponed. Therefore, demand elasticity is inelastic. However, goods like houses, motor cars have elastic demand because consumers can take enough time to adjust their demand.

Proportion of Income spent on the good:


Goods like “match box” are those goods on which consumers spend a very small proportion of income. Therefore, consumers remain indifferent to any change in price. But goods like LED TV, Houses, motor cars etc. are those goods on which a large proportion of consumers’ income is spent and therefore, these become elastic towards the price changes.

Sunday, 17 May 2015

Sharia Law and Islamic Financing

Sharia Law:

Sharia law is the branch of statute that formalises the previously discussed principles of Islamic economics into law. For example, under Sharia Islamic law:
·        Making money from money – e.g. charging interest – is usury and therefore not permitted.
·        Wealth should only be generated through legitimate investment in assets and legitimate trade.
·        Investment in companies involved with gambling, tobacco
and alcohol is prohibited.
·        Short selling and non-asset backed derivatives are not permitted.
There are now a range of products freely available on the global financial markets that comply with Sharia Islamic law. These include bank current accounts, mortgages and even personal loans.

Islamic Financing:

The Islamic financial model works on the basis of sharing risk. The bank and customer agree terms on how to share risk of an investment then divide profits between them. Whilst customers risk losing their money if the investment is unsuccessful, the bank will not charge a handling fee unless it secures the customer a profit.
Whilst the range of available financial product types continues to grow, some of
the key categories of Islamic finance are:
·        Mudaraba: This is where a financial expert offers specialist investment in which the customer and bank share profits.
·        Musharaka: This is an investment partnership with profit sharing terms agreed in advance and losses limited to the initial capital invested.
·        Murabaha: This is a form of credit that enables customers following Islamic principles to make a purchase without the need to take out an interest bearing loan. The substance of the transaction is that the bank buys an item then sells it to the customer on a deferred basis.
·        Ijara: This is a leasing agreement whereby the bank buys an item for a customer then leases it back to them over an agreed time period. The bank makes a fair profit by charging rent on the property.
·        Ijara-wa-Iqtina: Similar to Ijara but the customer is able to buy the item at the end of the contract.

Circular Flow of Income

One of the most important models used by economists to describe an economy
is the circular flow of income. Circular flow of income diagrams are used to
illustrate the different sectors and markets with in an economy.
Money flows between households and firms through the purchase of goods and
services. There are two sides to every transaction. The business sector uses
labour provided by the household sector to produce goods and services and pays
for this labour. These are then sold to other firms within the business sector and
to households.


Sunday, 19 April 2015

Concepts Of National Income

                       CONCEPTS OF NATIONAL INCOME

Ø Gross Domestic Product:
Total value or money value of all the final goods and services produced by nation in one financial year with in the boundaries in a country is called gross domestic product.
GDP = Consumption + Investment + Govt. Spending + (Export – Import)

Ø  Gross National Product:
Total value or money value of all the final goods and services produced by nation in one financial year is called gross national product. If we add net factor income from abroad or net foreign remittances into GDP, we will get GNP.
GNP = GDP + Net Factor From Abroad

Ø  Net National Product:
Total value or money value of net national output value after compensating depreciation or capital consumption allowance is called net national product. It is also called national income at market price.
NNP = GNP –­ Capital Consumption

Ø  National Income At Factor Cost:
Net income received by all the factors of production in an economy after factor cost adjustment is called national income or national income at factor cost.
NI = NNP – Indirect Taxes + Subsidies

Ø  Personal Income:
Total income received by all the legal residents of an economy in one financial year is called personal income.
PI = NI – Retained Earnings + Transfer Payments

Ø  Disposable Income:
Income which remains for onward economic activities (savings or consumption) after the adjustment of direct taxes is called disposable income or disposable personal income.
DPI = PI – Direct Taxes (personal taxes)

Sunday, 12 April 2015

What is National Income OR Definition of National Income

NATIONAL INCOME

Definition:

Total Income earn by all the legal residents of an economy in one financial year is called national income.

OR


Total income earn by all the factors of production of an economy in one financial year is called national income.

Micro Economics and Macro Economics

Micro Economics:

                   Micro means millionth part of a thing. In micro economics, we study the small statement of an economy. In micro economics, we calculate the income of an individual.

Macro Economics:


                   Macro means large. It derives from a Greek word “Macros”. In macroeconomics, we study the large aggregate of an economy. In macroeconomics, we calculate the whole income of a country