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Imports include petroleum and petroleum products, chemicals, fertilizer, capital goods, industrial raw materials, and consumer products. [ 1 ] On 12 December 2013, the European Union granted GSP Plus status to Pakistan [ 2 ] until 2017, which enabled it to export 20% of its good with 0 tariff and 70 percent at preferential rates to the EU market.
Government spending on goods and services for current use to directly satisfy individual or collective needs of the members of the community is called government final consumption expenditure (GFCE) It is a purchase from the national accounts "use of income account" for goods and services directly satisfying of individual needs (individual ...
In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]
An economy [a] is an area of the production, distribution and trade, as well as consumption of goods and services.In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. [3]
The current EOBI Contribution is Rs. 1,920 per month for every employee, out of which Rs. 1600 is contributed by the employer while Rs. 320 is contributed by the employee. In addition to the contribution from employers, employees and government, EOBI invests in profitable projects to generate income for providing pension. [4]
Terminal taxes on goods or passengers, carried by railway, sea or air; taxes on railway fares and freight. 90 Taxes other than stamp duties on transactions in stock exchanges and futures markets 92A Taxes on sale or purchase of goods other than newspapers, where such sale or purchase takes place in the course of inter-State trade or commerce 92B
Structure of simple mudaraba contract [11]. Mudarabah is a partnership where one party provides the capital while the other provides labor and both share in the profits. [12] [13] The party providing the capital is called the rabb-ul-mal ("silent partner", "financier"), and the party providing labor is called the mudarib ("working partner").
The Indian concern was the proposal's reference to the security matters in South Asia and feared that Rahman's proposal for a regional organisation might provide an opportunity for new smaller neighbours to re-internationalize all bilateral issues and to join with each other to form an opposition against India.