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The Quota system in Pakistan was established to give every region of the country representation in institutions according to their population. The Quota System was first introduced in Pakistan in 1948 [1] [2] [3] The Civil Service of Pakistan selects only 7.5% of the applicants by merit, education, qualification and experience.
{An import quota is a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. [1] An import embargo or import ban is essentially a zero-level import quota.
The Federal Government can impose limitations or restrictions on regulatory duty on all or any of the imported or exported goods through a notification in the official Gazette. Such limitations or restrictions, according to the First Schedule, [ 1 ] should not exceed 100% of the goods value, as specified under Section 25-1B or Section 25-A.
Import quotas can be unilateral, levied by the country without negotiations with exporting country; or bilateral or multilateral, when they are imposed after negotiations and agreements. An export quota is a limit on the amount of goods that can be exported from a country.
Tariff-rate quota and import demand. In a given period (normally one year), a lower in-quota tariff (t) is applied to the first Q units of imports and a higher out-of-quota tariff (T) is applied to all subsequent imports. If an out-of-quota tariff makes imports prohibitively expensive, it yields the same import volume as a traditional quota ...
The new national government needed revenue and decided to depend upon a tax on imports with the Tariff of 1789. [24] The policy of the U.S. before 1860 was low tariffs "for revenue only" (since duties continued to fund the national government).
Tariffs and import quotas are the most common types of protectionist policies. [21] A tariff is an excise tax levied on imported goods. Originally imposed to raise government revenue, modern tariffs are now used primarily to protect domestic producers and wage rates from lower-priced importers.
Increased the term appointed for quota system as per 1973 Constitution from 20 to 40 years. 1999 Full Text: 17th: Made changes dealing with the office of the President and the reversal of the effects of the Thirteenth Amendment. 2003 Full Text: 18th: Removed the power of President of Pakistan to dissolve the Parliament unilaterally.