The petroleum levy on diesel is approximately Rs80 per litre, which is higher than the Rs70 levy on petrol. Therefore, the statement claiming the diesel levy is lower is incorrect. [Source: https://www.dawn.com/news/2014423/govt-raises-petrol-price-by-rs1318-diesel-by-rs1380, 10 Jul 2026]
64152
In the context of economic stabilization, which policy measure is typically associated with 'austerity' as prescribed by international financial institutions?
Austerity measures in economic stabilization programs involve cutting government spending and increasing tax revenue to reduce fiscal deficits and stabilize national debt levels.
The Federal Board of Revenue (FBR) is the apex federal agency tasked with the administration of fiscal policy, tax collection, and the enforcement of revenue-related legislation within the constitutional framework of Pakistan.
Safeguard measures are temporary trade restrictions imposed under WTO rules to protect a domestic industry from a sudden, unforeseen, and significant increase in imports that causes serious injury.
According to the Constitution of Pakistan, the power of the purse and the authority to approve the federal budget reside with the National Assembly, ensuring legislative oversight of fiscal policy.
IMF stabilization programs are designed to restore macroeconomic stability by addressing balance of payments imbalances through fiscal consolidation, monetary policy reform, and structural adjustments.
The Dispute Settlement Body (DSB) is the central mechanism within the WTO framework for adjudicating trade conflicts and ensuring compliance with international trade agreements.
In the context of economic stabilization policies, which of the following measures is typically associated with 'contractionary fiscal policy' aimed at reducing high inflation?
Contractionary fiscal policy involves reducing aggregate demand to cool down an overheating economy, which is achieved by cutting government spending or increasing taxes to reduce the budget deficit.
The IsDB is a multilateral development finance institution that provides financing for development projects in member countries, adhering to Islamic financial principles.
Which of the following distinguishes the Asian Infrastructure Investment Bank (AIIB) from traditional multilateral development banks like the World Bank?
The AIIB is a multilateral development bank designed to support the building of infrastructure in the Asia-Pacific region, complementing existing institutions by focusing on connectivity and sustainable infrastructure.
