A Chinese company that supplies coal to the sahiwal power plant has been caught by the Pakistan's custom authorities as company was found to evade _______RS in taxes on it's imports?
Correct answer: C. 1.12 billion
- A. 2 billions
- B. 3 billions
- C. 1.12 billion
- D. 4 billions
Explanation
Customs authorities detected under-declaration or other import irregularities involving the coal supplier, resulting in an alleged tax evasion of Rs1.12 billion. The larger round figures are distractors.
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About Economy and Budget
Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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