Gilgit-Baltistan Assembly passed a bill on August 20, 2022 to set up a ___________ Authority?
Correct answer: B. Revenue Authority
- A. Education Monitoring Authority
- B. Revenue Authority
- C. Gilgit-Baltistan Development Authority
- D. None of These
Explanation
The bill was designed to establish a Gilgit-Baltistan Revenue Authority, responsible for revenue-related administration. It was not an education-monitoring or development authority.
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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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