Explanation

Reduces the volume of trade

Tariffs are government-imposed taxes on goods and services imported from other countries that aim to raise prices, make imports less desirable, or at least less competitive, compared to domestic goods and services.

Explanation

 At the time of the 1947 partition, Pakistan inherited a very small portion of the cotton industries in the subcontinent.

Specifically, it inherited only 16 out of the 921 industrial units that existed, and these mainly focused on cotton textiles.

Explanation

June 30, 2023, IMF Reaches Staff-level Agreement with Pakistan on a US$3 Billion Stand-By Arrangement to support the authorities' economic stabilization program.

(IMF) approved a 9-month (SBA) for Pakistan for an amount of SDR2,250 million (111 percent of quota) 

Ernesto Ramirez Rigo visited Islamabad, Pakistan from April 29 to May 11, to discuss IMF support for the authorities' economic reform program.

Explanation

According to historical sources, when India was partitioned in 1947, approximately 33% of the British Indian Army's officer corps was allocated to Pakistan. 

Explanation

The USA is the largest export destination for Pakistan, especially for textiles, garments, and leather goods.

Pakistan enjoys a trade surplus with the USA, making it a key market for earning foreign exchange.

Explanation

In Pakistan, agriculture tax is applicable on holdings exceeding 12.5 acres of land.

Explanation

Pakistan has been ranked 140 out of the total 180 countries on the Corruption Perception Index (CPI) of Transparency International for 2022.

The rank of Pakistan in the Corruption Perception Index:

2018: 117 out of 180

2019: 120 out of 180

2020: 124 out of 180

2021: 140 out of 180

2022: 140 out of 180 

ND7-5-2023

Explanation

Lahore is the largest city in Punjab.

It serves as the province's economic, cultural, and industrial hub.

Explanation

The National Finance Commission laid the foundation for the equal distribution of revenues between the federal and four provincial governments of Pakistan

NFC is a series of planned economic programs in Pakistan enacted since 1951.

Constituted under the Article 160 of the Constitution

Explanation

The Picture on the back of 1000 Rupee Pakistani Note Islamia College Peshawar

• The first banknotes issued by the State Bank of Pakistan were released on the 1st of October 1948, i printed by Thomas De La Rue & Company.
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• The Picture on the back of the 100 Rupee Pakistani Note Quaid-e-Azam Residency
• The Picture on the back of the 500 Rupee Pakistani Note Badshahi Mosque
• The Picture on the back of the 10 Rupee Pakistani Note is Khyber Pass
• The Picture on the back of the 5000 Rupee Pakistani Note Faisal Mosque 

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ND04-12-2022