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Pensions In Pakistan
Pensions in Pakistan are provisions which are provided to retired employees. Because only the retired formal sector mostly benefits from pensions, most of the social schemes and retirement welfare system in the country cover a small proportion of the old-age population, whereas a significant proportion of the elderly population working in the informal sector remains largely unprotected by these social security schemes. There have been calls for devising and implementing reform in the pension sector of the country in a way where there is efficient deployment of resources and the eligible, yet economically disadvantaged portion of the retired population, is also entitled to receive and be endowed with this social security right. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pensions
A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments. A pension may be a "defined benefit plan", where a fixed sum is paid regularly to a person, or a "defined contribution plan", under which a fixed sum is invested that then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment before retirement. The terms "retirement plan" and "superannuation" tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Called ''retirement plans' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakistan
Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 243 million people, and has the world's Islam by country#Countries, second-largest Muslim population just behind Indonesia. Pakistan is the List of countries and dependencies by area, 33rd-largest country in the world by area and 2nd largest in South Asia, spanning . It has a coastline along the Arabian Sea and Gulf of Oman in the south, and is bordered by India to India–Pakistan border, the east, Afghanistan to Durand Line, the west, Iran to Iran–Pakistan border, the southwest, and China to China–Pakistan border, the northeast. It is separated narrowly from Tajikistan by Afghanistan's Wakhan Corridor in the north, and also shares a maritime border with Oman. Islamabad is the nation's capital, while Karachi is its largest city and fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Informal Sector
An informal economy (informal sector or grey economy) is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countries, it is sometimes stigmatized as troublesome and unmanageable. However, the informal sector provides critical economic opportunities for the poor and has been expanding rapidly since the 1960s. Integrating the informal economy into the formal sector is an important policy challenge. In many cases, unlike the formal economy, activities of the informal economy are not included in a country's gross national product (GNP) or gross domestic product (GDP). However, Italy has included estimates of informal activity in their GDP calculations since 1987, which swells their GDP by an estimated 18% and in 2014, a number of European countries formally changed their GDP calculations to include prostitution and narcotics sales in their official GDP sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakistan Institute Of Development Economics
The Pakistan Institute of Development Economics (popularly known as PIDE) () is a post-graduate research institute and a public policy think tank located in the vicinity of Islamabad, Pakistan. Founded in 1957 by the Government of Pakistan, it is located in the university area of Quaid-e-Azam University but it has its own board of overseers. In 1964, it gained its influence on government and gained autonomous status the same year. Since its establishment, the PIDE has been an influential voice in the formation of Pakistan's public policy concerning diverse issues. The institute has long been a place of scholarship of high-profile and prominent individuals who previously held positions in government, including Benazir Bhutto, Mahbub-ul-Haq, Robert Mundell (this Nobel Laureate serves on our Advisory Committee) and Shahid Allam— all PIDE fellows. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
