Explanation

The function of a Bank is to collect deposits from the public and lend those deposits for the development of Agriculture, Industry, Trade and Commerce.

Explanation

NACTA was established in 2008 under the Ministry of Interior in Pakistan to combat terrorism.

NACTA (National Counter Terrorism Authority NACTA Pakistan) was established in 2008.

It is an administrative unit within the Ministry of Interior, led by a National Coordinator.

In 2013, the NACTA Act granted it administrative and financial autonomy.

It officially creating it as a body corporate answerable to a Board of Governors.

Explanation

The Council of Common Interests (CCI) in Pakistan consists of seven members, including the Prime Minister as the chairperson, four provincial Chief Ministers, and three members from the federal government.

It addresses inter-provincial and federal-provincial matters.

President Dr Arif Alvi on May 13, 2022 approved the reconstitution of the Council of Common Interests (CCI) under Article 153 of the Constitution, which would be headed by Prime Minister Shehbaz Sharif.

Explanation

The Council of Common Interest (CCI) is a constitutional body in Pakistan entrusted with resolving disputes between the provinces and the federation.

It ensures cooperation and coordination on matters like natural resources and economic policies.

Explanation

Explanation

The Federal Board of Revenue (FBR) is responsible for collecting various types of taxes in Pakistan, including:

Income Tax: FBR collects income tax from individuals and businesses.

Federal Excise Duty (FED): FBR collects FED on certain goods and services.

Sales Tax: FBR collects sales tax on goods and services.

Additionally, FBR also collects other types of taxes, such as:

• Customs duty
• Property tax
• Wealth tax
• Gift tax
• Inheritance tax

Explanation

Council of Islamic Ideology is a constitutional body of Pakistan, responsible for giving legal advice on Islamic issues to the government and the Parliament.

Founded: August 1, 1962

Headquarters: Islamabad

Explanation

In Pakistan's political and judicial history, PCO stands for Provincial Constitutional Order.

It issued during military regimes to suspend or amend the constitution, often affecting the judiciary.

Explanation

Mr. Javed Iqbal was the Chairman of the National Accountability Bureau (NAB) of Pakistan.

He served in this position from October 11, 2017, to June 3, 2022.

He is also a retired Senior Justice of the Supreme Court of Pakistan.

Explanation

Pakistan established the Federal Public Service Commission (FPSC) in 1947 under the provisions of the Government of India Act of 1935.

The FPSC currently operates under the FPSC Ordinance of 1977.

The 1935 Act established a Public Service Commission for each province.

It also introduced provincial autonomy and federal features in the legislature.