Which institution primarily administers federal income tax and customs duties in Pakistan?
Correct answer: B. Federal Board of Revenue
- A. State Bank of Pakistan
- B. Federal Board of Revenue
- C. Planning Commission
- D. National Finance Commission
Explanation
The Federal Board of Revenue administers major federal taxes, including income tax, sales tax and customs duties. The State Bank manages monetary matters, while the other bodies perform different fiscal or planning functions.
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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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