Shoppers across the country will have to provide their computerized national identity card (CNIC) number for purchases exceeding amount of___________?
Correct answer: B. Rs. 50,000
- A. Rs. 60,000
- B. Rs. 50,000
- C. Rs. 70,000
- D. Rs. 90,000Everyday Science Quiz
Explanation
Under the 2019 tax documentation rules, buyers had to provide a CNIC for purchases exceeding Rs. 50,000. The measure was intended to improve documentation of retail transactions and broaden the tax base.
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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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