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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 tax ...
With the succession of East Pakistan, the Eastern Railway was inherited by Bangladesh, while the Pakistan Western Railway was taken under control of the President who created the Ministry of Railways in 1974 to look after the planning and policy-making, technical advisory service and management of the railway. [10]
In 2016 the ministry proposed a 7.8% hike in the ticket prices of Bangladesh Railways. [2] The announcement faced criticism and demands for reduced corruption in the ministry. [ 3 ]
It operates and maintains all railways in the country, and is overseen by the Directorate General of Bangladesh Railway. The Bangladesh Railway is governed by the Ministry of Railways and the Bangladesh Railway Authority with a reporting mark known as "BR". [5] The Bangladesh Railway system has a total length of 3,600 kilometres (2,200 mi). [6]
The 2024–25 Pakistan Federal Budget is a financial statement of the government's estimated receipts and expenditures for the fiscal year that runs from 1 July 2024 to 30 June 2025. [1] [2] On 12 June 2024, finance minister Muhammad Aurangzeb presented the federal budget with a total outlay of Rs18.877 trillion. [3]
The budget included funding for a number of development initiatives to increase the nation's economic growth rate. The original outlays for the PDSP being estimated at Rs. 2.66 trillion for the development programme, which included a Rs 950 billion federal Public Sector Development Programme (PSDP), that was approved by the Annual Plan Coordination Committee (APCC). [5]
Low tax-to-GDP ratio: Pakistan’s tax-to-GDP ratio remains lower than the global average. In recent years, the ratio has been approximately 9.5%, far below that of neighboring countries like India (16%) and Bangladesh (12%). This indicates inefficiencies in tax collection and necessitates systemic reforms.
Pakistan Railways [a] is the state-owned railway operator in Pakistan.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 services, covering 482 operational stations across Pakistan.