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Pakistan Civil Aviation Authority Pay scales: EG-01 To EG -02 EG-03 To EG-04 EG-05 To EG-06 EG-07 To EG-08 EG-09 To EG-10 and ADG (Serving Air Vice Marshal (BPS-21) on deputation from Pakistan Air Force.) DG – – 12. Financial Monitoring Unit: FMU-1 & FMU-2 FMU-3 FMU-4 FMU-5 FMU-6 (Serving Executive Director (OG-8) on Deputation from State ...
The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. [1] Constituted under the Article 160 of the Constitution, the program was emerged to take control of financial imbalances and equally managed the financial resources to four provinces to meet their expenditure liabilities while alleviating the horizontal fiscal imbalances. [2]
Compensation and benefits refer to remuneration to employees from employers. Which is the payments or rewards provided to an individual for the work that has been completed. Compensation is the direct monetary payment received for work performed, commonly known as wages. This is the compensation that employees earn for their work or ...
Pay bands (sometimes also used as a broader term that encompasses several pay levels, ranges or grades) is a part of an organized salary compensation plan, program or system. In an organization that has defined jobs, pay bands are used to distinguish the level of compensation given to certain ranges of jobs to have fewer levels of pay ...
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. [1]
The income method works by summing the incomes of all producers within the boundary. Since what they are paid is just the market value of their product, their total income must be the total value of the product. Wages, proprietor's incomes, and corporate profits are the major subdivisions of income.
Most important, but more costly is to define income groups, knowing that each individual consumes and saves in different ways, making it very hard for tax policymakers. Horizontal equity requires a tax system that it does not give preference to certain individuals or companies. It makes sure that we don't have discrimination on the grounds. [12]
Pakistan has a complex taxation system of more than 70 unique taxes administered by at least 37 tax collection institutions of the Government of Pakistan. [31] Taxation is a debated and controversial issue in public and political science circle of the country, and according to the International Development Committee , Pakistan had a lower-than ...