National Economic Council (Pakistan)
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National Economic Council (Pakistan)
The National Economic Council (NEC) in Pakistan is a constitutional entity tasked with evaluating the nation's economic state and devising strategies to promote equitable development and regional balance. Functioning within the framework of Article 156 of the Constitution of Pakistan The Constitution of Pakistan ( ur, ), also known as the 1973 Constitution, is the supreme law of Pakistan. Drafted by the government of Zulfikar Ali Bhutto, with additional assistance from the country's Pakistani political parties, opposition ..., it plays a vital advisory role to both federal and provincial governments on matters pertaining to finance, commerce, social welfare, and economic policies. History President Dr. Arif Alvi granted approval for the reconstitution of the NEC on 8 June 2022, in accordance with the guidelines outlined in Article 156 of the Constitution. The NEC consists of a total of 13 members, led by the Prime Minister of Pakistan, who serves as the chairman. In ad ...
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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 ...
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Prime Minister Of Pakistan
The prime minister of Pakistan ( ur, , romanized: Wazīr ē Aʿẓam , ) is the head of government of the Islamic Republic of Pakistan. Executive authority is vested in the prime minister and his chosen cabinet, despite the president of Pakistan serving as the nominal head of executive. The prime minister is often the leader of the party or the coalition with a majority in the lower house of the Parliament of Pakistan, the National Assembly where he serves as '' Leader of the House''. Prime minister holds office by virtue of their ability to command the confidence of the National Assembly. The prime minister is designated as the "Chief Executive of the Islamic Republic". Pakistan's prime minister leads the executive branch of the federal government, oversees the state economy, leads the National Assembly, heads the Council of Common Interests as well as the Cabinet, and is charged with leading the National Command Authority over Pakistan's nuclear weapons arsenal. This p ...
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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 ...
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Constitution Of Pakistan
The Constitution of Pakistan ( ur, ), also known as the 1973 Constitution, is the supreme law of Pakistan. Drafted by the government of Zulfikar Ali Bhutto, with additional assistance from the country's Pakistani political parties, opposition parties, it was approved by the Parliament of Pakistan, Parliament on 10 April and ratified on 14 August 1973. The Constitution is intended to guide Pakistan's law, political culture, and system. It sets out the state's outline, the fundamental rights of the population, the state's law and orders, and also the structure and establishment of the institutions and the armed forces. The first three chapters establish the rules, mandate, and Separation of powers, separate powers of the three branches of the government: a Bicameralism, bicameral legislature; an executive branch governed by the Prime Minister of Pakistan, Prime Minister as chief executive; and an apex federal judiciary headed by Supreme Court of Pakistan, Supreme Court. The Const ...
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Arif Alvi
Arif-ur-Rehman Alvi (; born 29 July 1949) is a Pakistani dentist and politician currently serving as the 13th President of Pakistan, in office since 9 September 2018. He was a member of the National Assembly of Pakistan from June 2013 to May 2018 and again from August to September 2018. A founding member of Pakistan Tehreek-i-Insaf (PTI), Alvi was elected as President of Pakistan on 4 September 2018 following the presidential elections. Alvi was a dentist before entering politics in 1979, when he joined Jamaat-e-Islami but he later on resigned from the party and founded the Pakistan Tehreek-e-Insaf with former Pakistan cricket team captain and cricketer-turned-politician, Imran Khan in 1996. Alvi was elected to the National Assembly, from a seat of Karachi in 2013 and was re-elected in 2018 and was nominated as a candidate for presidential election and was elected as the 13th President of Pakistan after defeating Fazal-ur-Rehman and Aitzaz Ahsan, he resigned from the Natio ...
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List Of Current Pakistani Chief Ministers
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 ...
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Government Agencies Of 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 major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and ...
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Economic Planning
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism. As an allocation mechanism for socialism, economic planning replaces factor markets with a procedure for direct allocations of resources within an interconnected group of socially owned organizations which together comprise the productive apparatus of the economy. There are various forms of economic planning that vary based on their specific procedures and approach. The level of centralization or decentralization in decision-making depends on the specific type of planning mechanism employed. In addition, one can distinguish between centralized planning and decentralized planning. An economy primarily based on planning is referred to as a planned economy. In a centrall ...
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Economic Policy
The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the economy. Most factors of economic policy can be divided into either fiscal policy, which deals with government actions regarding taxation and spending, or monetary policy, which deals with central banking actions regarding the money supply and interest rates. Such policies are often influenced by international institutions like the International Monetary Fund or World Bank as well as political beliefs and the consequent policies of parties. Types of economic policy Almost every aspect of government has an important economic component. A few examples of the kinds of economic policies that exist include: *Macroeconomic stabilization policy, which attempts to keep the money supply growing at a rate that does not result in excessive inflatio ...
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