|
Ministry Of Economic Affairs (Pakistan)
The Ministry of Economic Affairs, (abbreviated as MoEA) is a Cabinet-level ministry of the Government of Pakistan responsible for assessing, programming and negotiations of external economic assistance concerning the government and its constituent units from foreign governments and multilateral agencies. History The Economic Affairs Division (EAD) plays a crucial role in managing ''Foreign Economic Assistance'' (FEA). EAD secures support from both bilateral and multilateral partners to fund important projects for the country's development. FEA, which includes grants, loans, and technical assistance, helps bridge Pakistan's investment gap and improves its social and economic indicators. This assistance supports reforms in key sectors like energy and finance, contributing to economic growth. EAD coordinates between implementing agencies and partners to ensure efficient project implementation. Through regular reviews, it aligns projects with national development goals. The partn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Pakistan
The Government of Pakistan () (abbreviated as GoP), constitutionally known as the Federal Government, commonly known as the Centre, is the national authority of the Islamic Republic of Pakistan, a federal republic located in South Asia, consisting of four provinces and one federal territory. The territories of Gilgit-Baltistan and Azad Kashmir are also part of the country but have separate systems and are not part of the federation. Under the Constitution, there are three primary branches of a government: ''the legislative'', whose powers are vested in a bicameral Parliament; ''the executive'', consisting of the president, aided by the Cabinet which is headed by the prime minister; and ''the judiciary'', with the Supreme Court. Effecting the Westminster system for governing the state, the government is mainly composed of the executive, legislative, and judicial branches, in which all powers are vested by the Constitution in the Parliament, the prime minister an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OECD
The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, world trade. It is a forum (legal), forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are generally regarded as developed country, developed countries, with High-income economy, high-income economies, and a very high Human Development Index. their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30. , OECD Member countries collectively comprised 62.2% of list of countries by GDP (nominal), global nom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Finances In Pakistan
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The main types of modern political systems recognized are democracies, totalitarian regimes, and, sitting between these two, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also include monarchies as a standalone entity or as a hybrid system of the main three. Historically prevalent forms ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Pakistan
The economy of Pakistan is categorized as a developing economy. It ranks as the List of countries by GDP (PPP), 26th-largest based on GDP using purchasing power parity (PPP) and the List of countries by GDP (nominal), 44th largest in terms of nominal GDP. With a population of 254.4 million people as of 2024, Pakistan's position at per capita income ranks List of countries by GDP (nominal) per capita, 155th by GDP (nominal) and List of countries by GDP per capita (PPP), 141st by GDP (PPP) according to the International Monetary Fund (IMF). In its early years, Pakistan's economy relied heavily on private industries. The nationalization of a significant portion of the sector, including financial services, manufacturing, and transportation, began in the early 1970s under Zulfikar Ali Bhutto. During Zia-ul Haq's regime in the 1980s, an "Islamic" economy was adopted, outlawing economic practices forbidden in Sharīʿah and mandating traditional religious practices. The economy start ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Commerce (Pakistan)
The Ministry of Commerce (); abbreviated as MoCom), is a Cabinet of Pakistan, Cabinet-level ministry of the Government of Pakistan concerned with Economy of Pakistan, economic growth and commerce development and promotion in Pakistan. The administrative head of the ministry is the Commerce Secretary of Pakistan, presently Muhammad Sualeh Ahmad Faruqi. The political head, Commerce Minister of Pakistan, Minister of Commerce, is required to be the member of Parliament of Pakistan, Parliament. Departments State Life Insurance Corporation State Life Insurance Corporation of Pakistan in the state owned life insurance company. It was formed in 1972 when life insurance business in Nationalization in Pakistan, Pakistan was nationalized and 32 life insurance companies were merged and consolidated. Trading Corporation of Pakistan Trading Corporation of Pakistan (TCP) is the principal trading arm of the Government of Pakistan. Established as an international trading house in 1967, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Investment (Pakistan)
Board of Investment (BOI) () is the premier investment promotion agency of Pakistan working under the administrative control of the Prime Minister’s Office and is mandated to promote and facilitate both local & foreign investment. The Board of Investment is a member of the World Association of Investment Promotion Agencies (WAIPA). Pakistan offers a variety of attractive opportunities for both local & foreign investors. The country is geo-strategically placed at the crossroads of Asia; in geographical terms it is strategically located among landlocked central Asian states, thriving China, resource rich Middle East and huge markets of South East Asia. It has been a center of attraction for the developed economies to invest for lucrative returns. There are ample reasons for the business community to opt for Pakistan having business friendly environment and liberal economic policies to growing infrastructure. Ease of doing business According to the World Bank’s Doing Business ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Pakistan)
The Ministry of Finance is a cabinet-level ministry of the government of Pakistan that is in charge of government finance, fiscal policy, and financial regulation. A Finance Minister, an executive or cabinet position heads it. The Minister is responsible each year for presenting the federal government's budget to the Parliament of Pakistan. History of the Ministry of Finance Established as the first administrative ministry of Pakistan's executive branch in 1947, the Ministry of Finance is considered among the most powerful portfolio and prestigious executive assignments in Pakistan's political spectrum. Ghulam Muhammad, the first finance minister of Pakistan, had neither a watermark nor a security thread. In the line of session to the prime minister, the Finance Minister is second-in-line, and many have ascended as Prime Minister after serving first as Finance Minister. Divisions Finance The ''Finance Division'' comes under the supervision of the Secretary of Finance. The d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Coordination Committee (Pakistan)
The Economic Coordination Committee ( reporting name:ECC), () is a principle federal institution and a consultative forum used by the people-elected Prime Minister of Pakistan as its chairman, for concerning matters of state's economic security, geoeconomic, political economic and financial endowment issues. Although it is often chaired by the Finance Minister and the senior economic officials as its members on multiple occasions, the key executive authorization on key economic policies are made by the Prime Minister of Pakistan who reserves the right call upon and serves as the chairman of the ECC. Established in 1965 by President Ayub Khan, its primary functions and responsibility is to finalize executive economic decisions to national economy, and to assist Prime Minister and his key staff on issues involving the economic security, threat of war, economic effects of nuclear weapons, and challenges in geoeconomic policies. The ECC served as Prime Minister's principal decis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Development Bank
The Islamic Development Bank (, abbreviated as IsDB) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia. There are 57 shareholding member states with the largest single shareholder being Saudi Arabia. History It was founded in 1973 by the Finance Ministers at the first Organisation of the Islamic Conference (now called the Organisation of Islamic Cooperation) with the support of the King of Saudi Arabia at the time ( Faisal), and began its activities on 3 April 1975. On 22 May 2013, IsDB tripled its authorized capital to $150 billion to better serve Muslims in member and non-member countries. The Bank has received credit ratings of AAA from Standard & Poor's, Moody's, and Fitch. Saudi Arabia holds about one quarter of the bank's paid up capital. The IDB is an observer at the United Nations General Assembly. Membership The present membership of the Bank consists of 57&nbs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Nations Development Programme
The United Nations Development Programme (UNDP) is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. The UNDP emphasizes on developing local capacity towards long-term self-sufficiency and prosperity. Based at the headquarters of the United Nations in New York City, it is the largest UN development aid agency, with offices in 177 countries. The UNDP is funded entirely by voluntary contributions from UN member states. Founding The UNDP was founded on 22 November 1965 through the merger of the Expanded Programme of Technical Assistance (EPTA) and the Special Fund in 1958. The rationale was to "avoid duplication of heiractivities". The EPTA was set up in 1949 to support the economic and political aspects of underdeveloped countries while the Special Fund was to enlarge the scope of UN technical assistance. The Special Fund arose from the idea of a Special United Nations Fund for Economic D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regional Cooperation For Development
Regional Cooperation for Development (RCD) or Organization for Regional Cooperation and Development (ORCD) was multi-governmental organization which was originally established on the 21st of July 1964 by Iran, Pakistan and Turkey, regional members of the Central Treaty Organization (CENTO), to allow socio-economic development of the member states. Its headquarters was in Tehran, Iran. In 1979, this organization was dissolved. It was replaced by Economic Cooperation Organization (ECO) in 1985. Seven new members were added: Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan. Under this organization Pakistan along with aid from Iran was able to build the 813 km long N-25 National Highway, N-25 highway. Several other developments also took place in the member countries who were able to get and provide financial aid to each other. Joint stamp issues From 1965 to 1979, the three nations jointly issued Postage stamp, stamps. These depicted personaliti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colombo Plan
The Colombo Plan is a regional intergovernmental organization that began operations on 1 July 1951. The organization was conceived at an international conference, The Commonwealth Conference on Foreign Affairs held in Colombo, Ceylon (now Sri Lanka) in January 1950, and was attended by the finance ministers of Australia, the United Kingdom, Canada, Ceylon, Pakistan and New Zealand, and the prime ministers of Ceylon and India. Membership has expanded significantly over the years to the current 28 governments. The primary focus of its work is on the development of human resources in the south and southeast regions of Asia. Aid to education 1950 to 1983 came to $72 billion, of which $41 billion came from the United States. Host country of the Colombo Plan The Colombo Plan enjoys a host country agreement with the Government of Sri Lanka in the form of a memorandum of understanding with privileges and immunities that are afforded by the Government of Sri Lanka. In a speech m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
