Under Pakistan's constitutional economic framework, the National Economic Council is primarily concerned with:
Correct answer: A. Reviewing economic conditions and formulating development plans
- A. Reviewing economic conditions and formulating development plans
- B. Collecting federal income tax from individuals
- C. Regulating commercial banks' daily branch operations
- D. Issuing Pakistan's currency notes
Explanation
The National Economic Council reviews the country's economic condition and advises on plans for economic, social and financial development. Tax collection belongs mainly to the FBR, bank regulation to the SBP, and currency issuance to the State Bank.
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About Economy of Pakistan
Pakistan's economy is examined through agriculture, industry, services, trade, remittances, employment, population, poverty and regional development. The topic also covers GDP and national income, inflation, fiscal and monetary policy, taxation, public debt, the balance of payments, energy constraints and structural challenges, including the role of the State Bank and development planning.
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