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Eighth Five-Year Plans (Pakistan)
The Eighth Five-Year Plans for National Economy of Pakistan (or simply regarded as Eighth Five-Year Plans) was a set of a centralized and planned economic goals and targets designed to strengthen the economic development and performance of Pakistan between 1993 and 1998. The plan was drafted and presented by then people-elected Prime minister Benazir Bhutto at the first session of parliament, as part of social capitalist policies for the improvement of economics development in Pakistan. After the termination of the seventh five-year plans on 30 June 1993, an annual plan was commenced and also integrated with the eighth plan and was finally launched by Benazir Bhutto on 31 May 1994. The framework of the plans and planning was started by Benazir Bhutto after successfully terminating the seventh plan, promulgated in 1988. At an Economic Coordination Committee (ECC) meeting chaired by Benazir Bhutto, the five-year plan was prepared with the consultation of provisional governments and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Economy
A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed. Socialist states based on the Soviet model have used central planning, although a minority such as the former Socialist Federal Republic of Yugoslavia have adopted some degree of market socialism. Market abolitionist socialism replaces factor markets with direct calculation as the means to coordinate the activities of the various socially-owned economic enterprises that make up the economy. More recent approaches to socialist planning and allocation have come from some economists and computer scientists proposing planning mechanisms based on a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Pakistan
Since independence in 1947, the economy of Pakistan has emerged as a semi-industrialized one, the on textiles, agriculture, and food production, though recent years have seen a push towards technological diversification. Pakistan's GDP growth has been gradually on the rise since 2012 and the country has made significant improvements in its provision of energy and security. However, decades of corruption and internal political conflict have usually led to low levels of foreign investment and underdevelopment. Historically, the land forming modern-day Pakistan was home to the ancient Indus Valley civilization from 2800 BC to 1800 BC, and evidence suggests that its inhabitants were skilled traders. Although the subcontinent enjoyed economic prosperity during the Mughal era, growth steadily declined during the British colonial period. Since independence, economic growth has meant an increase in average income of about 150 percent from 1950 to 1996, But Pakistan like many other devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Medium Term Development Framework
The Medium Term Development Framework ( ur, ) (denoted as MTDF), is a policy measure programme of the Government of Pakistan drafted by the Ministry of Finance, Economic Coordination Committee and the Planning Commission of Pakistan, formulated to strengthen the national economy and civil infrastructure. Drafted and launched by former Prime minister Shaukat Aziz in 2005, the programme was envisioned to turn the country into a major industrialized nation, to increase the speed of human development and to sustain a new economic system which aimed to reduce poverty and achieve Millennium Development Goals (MDGs). The programme replaced the existing, centralized economic system of Pakistan, known as Five-Year Plans which had been in effect since 1955. The programme emphasized principles of macroeconomics connected with the development of scientific technology and human resources, while guiding the formulation of policies in areas such as education, labor, trade, science and technol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seventh Five-Year Plans (Pakistan)
The Seventh Five-Year Plans for National Economy of Pakistan, otherwise known as Seventh Plan, were a set of a highly centralized and planned economic development targets designed for the improvement of the standard of living, and overall strengthening of gross domestic product (GDP) growth in Pakistan, between the period of 1988 until its termination in 1993. The seventh plan was drafted and presented by the Ministry of Finance (MoF), led by then popularly elected Prime Minister Benazir Bhutto, at the Parliament in 1988. The plan was studied by the Economic Coordination Committee (ECC) and resources were gathered to be allocated by the Planning Commission. The seventh plan was an integral part of Bhutto's social capitalist policies implementation and was also integrated with the nationalization programme of former Prime Minister Zulfikar Ali Bhutto. The plan emphasized macroeconomics principles and was intended to support the development of the agricultural and electricity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Pakistan
Pakistan is a low income developing country. Its economy is the 23rd-largest worldwide in terms of GDP based on purchasing power parity (PPP). According to a 2021 estimate, the Country has a population of 227 million people ( 5th-largest worldwide). As of FY22, the nominal GDP of Pakistan stands at with a nominal GDP per capita of (177th worldwide); its GDP based on PPP stands at with a GDP (PPP) per capita of (168th worldwide). Pakistan is a developing country with a semi-industrial economy. Primary export commodities include textiles, leather goods, sports equipment, chemicals, and carpets/rugs. The growth poles of Pakistan's economy are situated along the Indus River; the diversified economies of Karachi and major urban centres in Punjab, co-existing with lesser developed areas in other parts of the country. The Pakistani economy has suffered in the past from internal political turmoil, a rapidly growing population, and mixed levels of foreign investment. Foreign ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nawaz Sharif
Mian Muhammad Nawaz Sharif (Urdu, Punjabi language, Punjabi: ; born 25 December 1949) is a Pakistani businessman and politician who has served as the Prime Minister of Pakistan for three non-consecutive terms. He is the longest-serving prime minister of Pakistan, having served a total of more than 9 years across three tenures. Each term has ended in his ousting. Born into the upper-middle-class Sharif family in Lahore, Nawaz is the son of Muhammad Sharif, the founder of Ittefaq Group, Ittefaq and Sharif Group, Sharif groups. He is the elder brother of Shehbaz Sharif, who also became the prime minister of Pakistan in 2022. According to the Election Commission of Pakistan, Nawaz is the one of the List of Pakistanis by net worth, wealthiest men in Pakistan, with an estimated net worth of at least . Most of his wealth originates from his businesses in steel construction. Before entering politics in the mid-1980s, Nawaz studied business at Government College University (Lahore), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization In Pakistan
The Privatisation process in Pakistan (sometimes referred to as Denationalisation programme or simply the Privatisation in Pakistan) is a continuous policy measure program in the Economic history of Pakistan, economic period of Pakistan. It was first conceived and implemented by the then-Pakistani general election, 1990, people-elected Prime minister of Pakistan, Prime Minister Nawaz Sharif and the Pakistan Muslim League (N), Pakistan Muslim League, in an attempt to enable the nationalised industries towards market economy, immediately after the dissolution of the Soviet Union, economic collapse of the Soviet Union in 1989–90. The programme was envisaged and visioned to improve the GDP growth of the national economy of Pakistan, and reversal of the Nationalization in Pakistan, nationalisation programme in 1970s— an Inverse function, inverse of the privatisation programme. In the period of the 1970s, all major private industries and utilities were put under the government owne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Sector
The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, infrastructure, public transit, public education, along with Universal health care, health care and those working for the government itself, such as Official, elected officials. The public sector might provide services that a non-payer cannot be excluded from (such as street lighting), services which benefit all of society rather than just the individual who uses the service. Public enterprises, or state-owned enterprises, are self-financing commercial enterprises that are under public ownership which provide various private goods and services for sale and usually operate on a commercial basis. Organizations that are not part of the public sector are either part of the private sector or voluntary sector. The private sector is composed of the ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Planned Economy
A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed. Socialist states based on the Soviet model have used central planning, although a minority such as the former Socialist Federal Republic of Yugoslavia have adopted some degree of market socialism. Market abolitionist socialism replaces factor markets with direct calculation as the means to coordinate the activities of the various socially-owned economic enterprises that make up the economy. More recent approaches to socialist planning and allocation have come from some economists and computer scientists proposing planning mechanisms based on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
:Category:Pakistan Federal Departments And Agencies ...
This category includes departments, agencies and enterprises created by the Parliament or Federal Government of Pakistan by statute or regulation. It does not include the President, Prime Minister, Parliament, or the federal courts of Pakistan. Government of Pakistan Executive branch of the government of Pakistan Federal Federal or foederal (archaic) may refer to: Politics General *Federal monarchy, a federation of monarchies *Federation, or ''Federal state'' (federal system), a type of government characterized by both a central (federal) government and states or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Chief Ministers In Pakistan ...
A chief minister in Pakistan is the elected head of government of one of Pakistan's four provinces or the two non-provincial sub-national territories that have assemblies. The chief minister is elected through elections and the majority party is invited to elect a leader, whose tenure lasts for five years. Current chief ministers in Pakistan The table below lists the currently serving chief ministers and heads of administrative units (AUs) of Pakistan as of August 2022. Current prime minister of Azad Jammu Kashmir See also * List of prime ministers of Pakistan * Chief Secretary (Pakistan) * List of current Pakistani governors References {{reflist Chief Minister Chief Minister Governors A governor is an politician, administrative leader and head of a polity or Region#Political_regions, political region, ranking under the Head of State, head of state and in some cases, such as governor-general, governors-general, as the head of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
