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Shaukat Aziz
Shaukat Aziz ( ur, ; born 6 March 1949) is a Pakistani former banker and financier who served as 17th prime minister of Pakistan from 28 August 2004 to 15 November 2007, as well as the finance minister of Pakistan from 6 November 1999 to 15 November 2007. During his childhood he studied at St Patrick's High School, Karachi. Aziz graduated from the Institute of Business Administration in Karachi, and joined the corporate staff of the CitiBank Pakistan in 1969. He served in various countries' governments as CitiBank financier, and became executive vice-president of Citibank in 1999. After accepting a personal request by General Pervez Musharraf, Aziz returned to Pakistan from the United States to assume charge of the Finance Ministry as its finance minister while taking control of the country's economy. In 2004, Aziz was nominated by the Musharraf loyalist government led by Pakistan Muslim League (Q), to the position of prime minister after the resignation of Zafarullah Khan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Minister Of Pakistan
The Minister of Finance of Pakistan (Urdu: 'Wazīr-ē-Khazana') is a leading cabinet member who heads the Ministry of Finance in the Government of Pakistan. The Minister is responsible each year for presenting the federal government's budget to the Parliament of Pakistan. Ishaq Dar is currently serving as the Finance Minister since 28 September 2022. List of Ministers See also * Constitution of Pakistan * Defence Minister of Pakistan * Foreign Minister of Pakistan * Interior Minister of Pakistan * President of Pakistan * 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 Paki ... References External links Ministry of Finance, Government of PakistanParliamentary Cabinet of Pakistan {{Economy of Pakistan * Ministry of Finance (Pakistan) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Power In Pakistan
As of 2022, nuclear power is provided by six commercial nuclear power plants in Pakistan. Pakistan is the first Muslim majority country in the world to construct and operate civil nuclear power plants. The Pakistan Atomic Energy Commission (PAEC), the scientific and nuclear governmental agency, is solely responsible for operating these power plants. As of 2018, the electricity generated by commercial nuclear power plants constitutes roughly 7.5% of electricity generated in Pakistan, Pakistan is not a party to the Nuclear Non-Proliferation Treaty but is a member of the International Atomic Energy Agency. Pakistan plans on constructing 32 nuclear power plants by 2050 and envisions 40,000 MW of nuclear power generation. History Professor (and later Nobel laureate) Abdus Salam, as Science Advisor to the President, persuaded President Ayub Khan, to establish Pakistan's first commercial nuclear power reactor, near Karachi. Known as Karachi Nuclear Power Plant (KANUPP), the comme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Sector In Pakistan
Electricity in Pakistan is generated, transmitted, distributed, and retail supplied by two vertically integrated public sector companies, Water and Power Development Authority (WAPDA) responsible for the production of hydroelectricity and supplied to the consumers by the power distribution companies (DISCOS) under the Pakistan Electric Power Company (PEPCO). Currently, there are 11 distribution companies and one National Transmission And Dispatch Company (NTDC) all in the public sector (except Karachi), and the Karachi Electric (K-Electric) for the city of Karachi and its surrounding areas. There are around 42 independent power producers (IPPs) that contribute significantly in electricity generation in Pakistan. As of 2016, more than 80% of its population on average has access to electricity. History Pakistan's electricity sector is a developing market. For years, the matter of balancing the country's supply against the demand for electricity had remained a largely unresol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Law Enforcement In Pakistan
Law enforcement in Pakistan ( ur, ) is one of the three main components of the criminal justice system of Pakistan, alongside the judiciary and the prisons. The country has a mix of federal, provincial and territorial police forces with both general and specialised functions, but the senior ranks of all the provincial forces and most of the federal ones are manned by members of the Police Service of Pakistan (PSP). The PSP is one of the most prestigious parts of the Central Superior Services, Pakistan's main civil service organisation. Federal law enforcement agencies are generally overseen by the Ministry of Interior of the Government of Pakistan, while provincial police forces are overseen by a department of the government of that province. Federal police agencies Some of the below agencies are part of the Civil Armed Forces, while others are law enforcement divisions of government departments. Not included is the Pakistan Army Corps of Military Police, which only has jurisdi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Liberalisation In Pakistan
Pakistan began a period of economic liberalisation in the 1990s to promote and accelerate economic independence, development, and GDP growth. This policy programme was first conceived in early 1980s and thoroughly studied by the ministry of finance led by finance ministers Ghulam Ishaq Khan and Mahbub-ul-Haq and was implemented first by Pakistan Muslim League and the Prime minister Nawaz Sharif, as part of the privatisation programme in 1990. The programme of economic liberalisation, as one of the counter-policy measure programme, came in a direct response to nationalization programme of Pakistan Peoples Party (PPP) in the 1970s. After the 1993 general elections, the programme was halted and reversed by Prime minister Benazir Bhutto and the Peoples Party after the Pressler amendment went into complete effect and force, that led the economic and financial crises in Pakistan. A much powerful socialist capitalism version was adopted in order to secure the revenue and financia ... [...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] |
Periods Of Stagflation In Pakistan
The Periods of Stagflation, also known as Stagflation in Pakistan or inflation and unemployment in Pakistan, are periods of economic stagflation in Pakistan's economic history, which has affected Pakistan's economic trajectory since its inception. The first period of stagflation began in the 1970s after the secession of East Pakistan and the formation of Bangladesh following the surrender during the Bangladesh Liberation War. Although the government of Zulfikar Ali Bhutto made an attempt to end this period, it was subsequently ended by the military government of Zia-ul-Haq in the 1980s. The end of Soviet engagement in Afghanistan and increasing U.S. aid to Pakistan facilitated a second period of stagflation in the 1990s. During this period, both Benazir Bhutto and Nawaz Sharif attempted to tackle stagflation, with Nawaz Sharif first implementing economic liberalization and privatization. The second period was ended by Shaukat Aziz's government who implemented much tougher t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Macroeconomics
Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and government spending to regulate an economy's growth and stability. This includes regional, national, and global economies. According to a 2018 assessment by economists Emi Nakamura and Jón Steinsson, economic "evidence regarding the consequences of different macroeconomic policies is still highly imperfect and open to serious criticism." Macroeconomists study topics such as Gross domestic product, GDP (Gross Domestic Product), unemployment (including Unemployment#Measurement, unemployment rates), national income, price index, price indices, output (economics), output, Consumption (economics), consumption, inflation, saving, investment (macroeconomics), investment, Energy economics, energy, international trade, and international finance. ... [...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] |
Ministry Of Finance (Pakistan)
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] |
