Explanation

The Karachi Interbank Offered Rate, commonly known as KIBOR, is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale money market.

Explanation

The Federal Board of Revenue, formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth and money-laundering. 

Explanation

FBR performs role of collection of taxation in the country from all individuals and businesses.

Explanation

FBR performs role of collection of taxation in the country from all individuals and businesses.

Explanation

Functional teams are composed of organizational members from several vertical levels of the organizational hierarchy who perform specific organizational functions.

Explanation

FBR operates through tax inspectors that keep tax evaders under surveillance and perform special tasks for FBR Headquarters. 

Explanation

Explanation

Majority of the revenue collected by the government is in the forms of taxes i.e. both direct taxes  and indirect taxes .

Explanation

National Income is the total income value of the goods and services produced by the residents of a country, usually during the period of one year. 

Explanation

Disposable income is net income. It's the amount left over after taxes. ·

Discretionary income is the amount of net income remaining after all basic necessities .