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Custom duties are levied according to the rates given in the First Schedule, which includes: Goods imported to Pakistan; Goods purchased in bond from one custom station to another; Goods brought from a foreign country to any customs station that are trans-shipped or transported without the payment of duty to another customs station.
The main commodities traded on the Exchange have been Gold, Silver and Crude Oil. There are various contracts in each. Gold has eight contracts namely Gold 1 ounce, Gold 100 ounce, Gold 1 Tola, Gold 50 Tola, Gold 100 tola, Gold Kilo, Gold 100 g, and Minigold 10 g. Tola gold and minigold are deliverable contracts.
English: This chart shows the nominal price of gold along with the price in 1971 and 2011 dollars (adjusted based on the consumer price index). The historical gold price was obtained from www.igolder.com; CPI was obtained from www.rateinflation.com. The data is in section Chart Data.
This fixed exchange rate was maintained until 11 May 1972, in which the rupee was devalued to Rs.11/- per dollar. [30] Initially, the Indian and Pakistani rupees were at parity until sterling was devalued in 1949, in which India followed suit but Pakistan did not. This caused the Pakistani rupee to be valued at a 44% premium to the Indian rupee ...
3000 Rupee Coin May 9, 1977 Wild Life Conservation Day Gold: Gold 90% ; Silver 10% The coin shall be round with 160 serrations, diameter of 34 mm and 33.437 grams (+ 0.420 based upon the average of a sample of 33 coins - 0.000) 902 and 373 proofs. (33.437 grams (1.1795 oz)) 4- (a) 1 Rupee Coin December 8, 1977 Birth Anniversary of Allama Iqbal
After producing an average of one million tonnes of scrap in the 1980s, by 2001 the yard produced less than 160,000 tonnes and for ten months had no new vessel arrivals. [ 6 ] In 2001, the Government of Pakistan reduced ship-breaking duties from 15% to 10% and offered further incentives if industry activity improved. [ 5 ]
In Reko Diq, Balochistan, deposits of copper and gold are present. Antofagasta, the company which possesses the Reqo Diq field, is targeting an initial production of 170,000 metric tons of copper and 300,000 ounces of gold a year. The project may produce more than 350,000 tons a year of copper and 900,000 ounces of gold.
From 1965–70, this sector grew at a comparatively lower rate of 10% per annum. Despite challenges, Pakistan achieved an impressive average annual GDP growth rate of 6.7% throughout the 1960s. In the fiscal year 1969–70, the poverty incidence rate decreased to 46%. Per Capita GNP was Rs. 504 in West Pakistan and Rs. 314 in East Pakistan ...