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Tariff Meaning in Urdu: A Financial Perspective
In financial and economic terms, a "Tariff" refers to a tax or duty imposed by a government on imported or exported goods. The Urdu meaning of tariff is "محصول" (Mahsool).
This is a key tool used in international trade policy to protect domestic industries, regulate trade balance, and generate government revenue.
Types of Tariffs:
- Import Tariff (درآمدی محصول): Applied to goods coming into a country. For example, if Pakistan sets a tariff on imported cars, it makes foreign vehicles more expensive, encouraging local car sales.
- Export Tariff (برآمدی محصول): Rare but applied on goods being sent out of the country, often to ensure sufficient domestic supply.
Purpose and Impact:
- Protects Local Industries: By raising the cost of foreign goods, domestic products become more competitive.
- Revenue Generation: Especially in nations where income tax collection is limited, tariffs offer a steady source of government income.
- Trade Negotiations: Countries may use tariffs as leverage in international trade agreements.
Example:
If Pakistan imposes a 20 percent import tariff on electronics from another country, the price of those electronics rises for Pakistani consumers. This can shift demand toward locally made alternatives or provide an opportunity for domestic manufacturers to grow.
In summary, tariffs or محصولات are important tools in a country's economic policy with both protective and revenue-generating roles.
- Author:NEWSWIRE INDIA
- URL:https://www.newswireindiaonline.com//article/1d8a4a5b-472c-8126-a9c6-c996440976d3
- Copyright:All articles in this blog, except for special statements, adopt BY-NC-SA agreement. Please indicate the source!
