Answer to Question #156674 in Macroeconomics for Areesha sajid

Question

Domestic financial sources in modern economy of Pakistan.

Answer 1

The domestic resources refer to fiscal and financial resources accruing within a domestic economy, including public sector revenue, private-corporate and household savings; corporate profits and retained earnings. For example, the Government of Pakistan collect Income tax, Wealth tax, Capital value tax, Sales tax, Export/Import duties etc. Tax collection on the province level includes Property Tax, Agriculture Tax, Excise Duty, Motor Vehicles Tax, Stamp Duties, Tax on Services.