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Ministry Of Finance, Revenue And Economic Affairs
The Ministry of Finance and Revenue ( ur, ) or Ministry of Finance ( ur, , ''Wazarat-e-khazana'', abbreviated as MoF) is a ministry of the Government of Pakistan tasked to ensure a strong Pakistani economy by developing policies of sound economic management and providing expert advice to the government. Minister The Minister of Finance is leading cabinet member who responsible each year for presenting the federal government's budget. It is one of the most important positions in the Cabinet. Because of the prominence and responsibility of this position, it is not uncommon for former Ministers of Finance to be appointed Prime Minister. The current Minister of Finance of Pakistan is Miftah Ismail, he was appointed to this position by the Prime minister of Pakistan on 19 April 2022. The previous Minister of Finance was Shaukat Tarin. Divisions Finance The ''Finance Division'' comes under the supervision of the Secretary of Finance. The division's bureaucracy is divided into seve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Pakistan
The Government of Pakistan ( ur, , translit=hakúmat-e pákistán) abbreviated as GoP, is a federal government established by the Constitution of Pakistan as a constituted governing authority of the Administrative units of Pakistan, four provinces, two autonomous territories, and one federal territory of a Parliamentary democracy, parliamentary democratic Parliamentary republic, republic, constitutionally called the Pakistan, Islamic Republic of Pakistan. Effecting the Westminster system for governing the state, the government is mainly composed of the Executive branch, executive, Legislative branch, legislative, and Judicial branch, judicial branches, in which all powers are vested by the Constitution of Pakistan, Constitution in the Parliament of Pakistan, Parliament, the Prime Minister of Pakistan, Prime Minister and the Supreme Court of Pakistan, Supreme Court. The powers and duties of these branches are further defined by acts and amendments of the Parliament, including the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public 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 health care and those working for the government itself, such as 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 economic sectors that are intende ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
External Debt
A country's gross external debt (or foreign debt) is the liabilities that are owed to nonresidents by residents. The debtors can be governments, corporations or citizens. External debt may be denominated in domestic or foreign currency. It includes amounts owed to private commercial banks, foreign governments, or international financial institutions such as the International Monetary Fund (IMF) and the World Bank. External debt measures an economy's obligations to make future payments and, therefore, is an indicator of a country's vulnerability to solvency and liquidity problems. Another useful indicator is the ''net'' external debt position, which equals gross external debt less external assets in the form of debt instruments. A related concept is the net international investment position (net IIP). Provided that debt securities are measured at market value, the net external debt position equals the net IIP excluding equity and investment fund shares, financial derivatives, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakistan Secretary Of Economic Affairs
The Economic Affairs Secretary of Pakistan , also referred to as Secretary EAD, is the Federal Secretary for the Ministry of Economic Affairs. The position of Secretary EAD is considered to be a lucrative slot in the federal government. The position holder is a BPS-22 grade officer, usually belonging to the Pakistan Administrative Service. The Secretary heads the EAD, which is the window to deal with external lenders, and plays a key role in assessing and negotiating external economic assistance concerning the Government of Pakistan and its constituent units from foreign governments and multilateral agencies. Other functions of the Division headed by Secretary EAD includes management of external debt, provision of technical assistance to foreign countries, lending and re-lending of foreign loans, and monitoring of aid utilisation. See also *Ministry of Finance, Revenue and Economic Affairs *Finance Secretary of Pakistan *Cabinet Secretary of Pakistan *Planning and Development ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Board Of Revenue
The Federal Board of Revenue (FBR) ( ur, ), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax evaders under surveillance, assess taxable incomes and perform special tasks for FBR Headquarters. FBR performs role of collection of taxation in the country from all individuals and businesses. FBR also collects intelligence on tax evasion and administers tax laws for the Government of Pakistan and acts as the central revenue collection agency of Pakistan. History Established as the ''Central Board of Revenue'' on 1 April 1924 through enactment of the "''Central Board of Revenue Act, 1924''". In 1944, the CBR was put under the ''Revenue Division'' with the Ministry of Finance until 1960, when on the recommendations of the "''Administrative Reorganization Committee"'', t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Secretary
The federal secretary (also referred to as the secretary to the Government of Pakistan) is the highest-ranking position in the Government of Pakistan, occupied by the most senior civil servant in a specific ministry or division. The secretary is the administrative head of that ministry or division and oversees and enforces public policy matters. The authority for the creation of this post solely rests with the Cabinet of Pakistan. The position holder is a BPS-22 grade officer, usually belonging to the Pakistan Administrative Service. All promotions and appointments to this rank and post are directly made by the prime minister of Pakistan. The post of federal secretary is equivalent to that of chief secretary of a provincial government (within their respective provinces) and to the rank of General in the Pakistan Army, Air Marshal in the Pakistan Air Force, and Admiral in the Pakistan Navy. Due to the importance of their respective assignments, there are twelve specific federa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Defence Production
The Ministry of Defence Production ( ur, ), is a Cabinet-level ministry of Pakistan government concerned with the development and production of the full range of equipment and stores for the Pakistan Armed Forces ranging from platforms such as main battle tanks and multi-role combat aircraft to guided weapons, small arms, uniforms and unguided munitions of all calibres. The current Defense Production Minister of Pakistan is Muhammad Israr Tareen. Leadership Muhammad Israr Tareen is the Minister of Defence Production; Lt. General (Retd) Humayun Aziz is the federal secretary, and Major General Ghulam Jafar is additional secretary based at Calcutta House in Rawalpindi. The ministry's bureaucracy is split into three wings, administration, projects, and foreign collaboration, each overseen by an assistant secretary. A list of the ministry's organisations is provided at the bottom of the page. History With the creation of Pakistan, a Directorate General Supply and Development was e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Defence (Pakistan)
The Ministry of Defence ( ur, , ''Wazarat-e-Difa'', abbreviated as MoD), is an executive ministry of the Government of Pakistan, tasked in defending Pakistan's national interests and values at home and abroad. It plays a major supporting role to the Pakistan Armed Forces and coordinates with a range of domestic, foreign and inter-governmental bodies. The existence and functions of the ministry are statutorily defined in ''Part XII, Chapter II'' of the Constitution of Pakistan. The responsibilities for procurement, production and disposal of equipment were transferred in 2004 to the Ministry of Defence Production. The Ministry of Defence is one of the largest federal ministries of the Government of Pakistan in terms of budget as well as staff. Hierarchy The Minister of Defence is Cabinet member, who is responsible for controlling the armed forces. The current Minister of Defence is Khawaja Muhammad Asif. The Secretary of Defence is the senior-most administrative figure within ... [...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] |
Delivering As One
''Delivering as One'' is a United Nations report established by the then UN Secretary-General Kofi Annan in 2005 on the topics of development assistance, humanitarian aid and environmental issues. The panel issued its report in November 2006, and sets out a program of reform of the UN's development operations. It focuses on four main principles: One Leader, One Budget, One Programme and One Office. This effort is mostly led by the United Nations Development Group, a group of 32 United Nations specialised agencies working on International Development issues. As a result, countries — both Government and UN partners — have undertaken efforts to work together more effectively and efficiently. Eight countries—Albania, Cape Verde, Mozambique, Pakistan, Rwanda, Tanzania, Uruguay, and Viet Nam—volunteered to be pilots for the initiative. See also * United Nations Sustainable Development Group * Reform of the United Nations Since the late 1990s there have been many ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Nations Development Programme
The United Nations Development Programme (UNDP)french: Programme des Nations unies pour le développement, PNUD is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. Headquartered in New York City, it is the largest UN development aid agency, with offices in 170 countries. The UNDP emphasizes developing local capacity towards long-term self-sufficiency and prosperity. It administers projects to attract investment, technical training, and technological development, and provides experts to help build legal and political institutions and expand the private sector. The UNDP operates in 177 countries and is funded entirely by voluntary contributions from UN member states. Also, UNDP is governed by a 36-member executive board overseen by an administrator, who is third-highest ranking UN official after the Secretary-General and Deputy Secretary-General. Founding The UNDP was founded on 22 Nove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Cooperation Organization
The Economic Cooperation Organization or ECO is an Asian political and economic intergovernmental organization that was founded in 1985 in Tehran by the leaders of Iran, Pakistan, and Turkey. It provides a platform to discuss ways to improve development and promote trade and investment opportunities. The ECO is an ''ad hoc'' organisation under the United Nations Charter. The objective is to establish a single market for goods and services, much like the European Union. After the dissolution of the Soviet Union, the ECO expanded to include Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan in 1992. The current framework of the ECO expresses itself mostly in the form of bilateral agreements and arbitration mechanisms between individual and fully sovereign member states. That makes the ECO similar to ASEAN in that it is an organisation that has its own offices and bureaucracy for implementation of trade amongst sovereign member states. This c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
