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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.
Punjab has the largest economy in Pakistan, contributing most to the national GDP. The province's share was 60.58% in 2020 to national economy. [ 2 ] Sindh which is the second largest province in terms of population and GDP which has steadily continued to grow, contributes 23.7% to the national economy. [ 2 ]
Trading Corporation of Pakistan was established in 1967 as a premier international trading house fully owned by the Government of Pakistan. [4] [5] From the year 1980-81, the government decided to remove the monopoly of TCP on imports of the country. [6]
On 3 May 2007, the Royal Canadian Mint unveiled a Gold Maple Leaf coin with a nominal face value of $1 million and a metal value of over $3.5 million, referred to as a Big Maple Leaf. [ 5 ] [ 6 ] It measures 50 cm in diameter by 3 cm thick and has a mass of 100 kg , with a purity of 99.999%.
The New York-based ratings agency warned that a default could be a "real possibility". [51] In March 2023, the food inflation rate in Pakistan witnessed a significant increase, with urban areas experiencing a rate of 47.1 percent and rural areas facing a slightly higher rate of 50.2 percent. [52]
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]
This is an accepted version of this page This is the latest accepted revision, reviewed on 17 January 2025. This article's tone or style may not reflect the encyclopedic tone used on Wikipedia. See Wikipedia's guide to writing better articles for suggestions. (July 2015) (Learn how and when to remove this message) National industry Pakistan's e-trading mainly involves buying and selling goods ...
The State Bank of Pakistan then stabilized the exchange rate by lowering interest rates and buying dollars, to preserve the country's export competitiveness. 2008 was termed a disastrous year for the rupee after the elections: between December 2007 and August 2008, it lost 23% of its value, falling to a record low of Rs.79/ 20 against the US ...