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The Federal Board of Revenue (FBR) ( Urdu: وفاقی بورڈ محصولات ), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep ...
Below is a summary of the applicable sales tax rates in Pakistan: Sales tax on goods: 18%. Sindh Sales tax on services: 19.5%. Punjab Sales tax on services: 16%. Balouchistan Sales tax on services: 15%. Khyber Pakhtunkhwa (KPK) Sales tax on services: 19.5%. Islamabad Capital Territory (Tax on Services): 16%.
As of June 2023, Total Public Debt and Liabilities of Pakistan is estimated to be about Rs. 62.881 trillion / US$223.86 billion which is 74.3 percent of gross domestic product (GDP) of Pakistan. [8] About Rs. 24.309 trillion is owed by the government to domestic creditors, and about Rs. 1.67 trillion is owed by Public Sector Enterprises (PSEs). [8]
More attention was given to private sector industrial development and agricultural industries; the second five-year plans aimed to increase the national income by 20%. The unemployment was tackled with the industrialisation of the country, and overall major industrial development was carried out in West Pakistan while few in East.
The official religion of Pakistan is Islam, as enshrined by Article 2 of the Constitution, and is practised by approximately 96.47% of the country's population. [1] [7] The remaining 3.53% practice Hinduism, Christianity, Ahmadiyya Islam (considered non-Muslims by the Pakistani constitution), [8] Sikhism and other religions.
The airport is the largest in Pakistan and is located south-west of Islamabad. The new airport inaugurated on 20 April 2018, spreads over 19 square kilometers with 15 passenger boarding bridges. It also includes facilities to accommodate two double-decker Airbus A380s, 15 remote bays and 3 remote bays for Air cargo. Public transport
Pakistan Railways (reporting mark PR) (Urdu: پاکستان ریلویز) is the national, state-owned railway company of Pakistan with its headquarters in Lahore. Founded in 1861 as the North Western State Railway and headquartered in Lahore, it owns 7,789 kilometres (4,840 miles) of operational track across Pakistan, stretching from Peshawar to Karachi, offering both freight and passenger ...
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In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in January.
Retrieved 6 February 2023. ^ "Changes in the Monetary Policy Framework" (PDF). [Bank of Japan]. 19 March 2024. ^ "Monetary Policy Interest Rates". Central Bank of Jordan. Retrieved 29 July 2023. ^ "The base rate reduced to 14.75%". National Bank of Kazakhstan. 23 February 2024. Retrieved 7 March 2024.