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National Defence Complex
National Defence Complex (NDC), ( ur, ) also known as National Development Complex, National Development Centre, is a Pakistani state-owned defence and aerospace contractor which is a division under the National Engineering and Scientific Commission (NESCOM). It is based in Fateh Jang, Rawalpindi, Pakistan. Founded in 1990 at the MoD, the NDC engaged in research and development in space-based missile systems and expanded its services towards developing the land-based weapons systems for the army as well as naval systems for the navy. History The National Development Complex (NDC) is an aerospace and defence agency of the Ministry of Defence of Government of Pakistan, located in Fateh Jang, Punjab Province. The NDC was founded in 1990 by the Pakistan Atomic Energy Commission (PAEC) chairman, Munir Ahmad Khan, when PAEC's Director for Special Development Works (SDW) was morphed into the National Development Complex. Samar Mubarakmand was appointed as its first director and ...
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Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct legal entities for the purposes of tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...ation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally ...
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