|
Ministry Of Finance (Pakistan)
The Ministry of Finance is a cabinet-level ministry of the government of Pakistan that is in charge of government finance, fiscal policy, and financial regulation. A Finance Minister, an executive or cabinet position heads it. The Minister is responsible each year for presenting the federal government's budget to the Parliament of Pakistan. History of the Ministry of Finance Established as the first administrative ministry of Pakistan's executive branch in 1947, the Ministry of Finance is considered among the most powerful portfolio and prestigious executive assignments in Pakistan's political spectrum. Ghulam Muhammad, the first finance minister of Pakistan, had neither a watermark nor a security thread. In the line of session to the prime minister, the Finance Minister is second-in-line, and many have ascended as Prime Minister after serving first as Finance Minister. Divisions Finance The ''Finance Division'' comes under the supervision of the Secretary of Finance. The d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Pakistan
The Government of Pakistan () (abbreviated as GoP), constitutionally known as the Federal Government, commonly known as the Centre, is the national authority of the Islamic Republic of Pakistan, a federal republic located in South Asia, consisting of four provinces and one federal territory. The territories of Gilgit-Baltistan and Azad Kashmir are also part of the country but have separate systems and are not part of the federation. Under the Constitution, there are three primary branches of a government: ''the legislative'', whose powers are vested in a bicameral Parliament; ''the executive'', consisting of the president, aided by the Cabinet which is headed by the prime minister; and ''the judiciary'', with the Supreme Court. Effecting the Westminster system for governing the state, the government is mainly composed of the executive, legislative, and judicial branches, in which all powers are vested by the Constitution in the Parliament, the prime minister an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Asian Association For Regional Cooperation
The South Asian Association for Regional Cooperation (SAARC) is the regional intergovernmental organization and geopolitical union of states in South Asia. Its member states are Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. SAARC comprises 3% of the world's land area, 21% of the world's population and 5.21% (US$4.47 trillion) of the global economy, as of 2021. SAARC was founded in Dhaka on 8 December 1985. Its secretariat is based in Kathmandu, Nepal. The organization promotes economic development and regional integration. It launched the South Asian Free Trade Area in 2006. SAARC maintains permanent diplomatic relations at the United Nations as an observer and has developed links with multilateral entities, including the European Union. However, due to the geopolitical conflict between India and Pakistan and the situation in Afghanistan, the organization has been suspended for a long time, and India currently cooperates with its eastern neig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakistan Mint
The Pakistan Mint is the Pakistan's official maker of Pakistani coins. It is currently located in Shalimar Town, Lahore. History The Pakistan Mint was founded in September 1943 as His Majesty's Mint when, during World War II, the British Indian government relocated mint operations from Calcutta to Lahore in response to Japanese bombing. After the partition of India in 1947, the mint was renamed Pakistan Mint. In 2003, the Federal Investigation Agency (FIA) uncovered a Rs. 26 million fraud at the Pakistan Mint, implicating Mint Master Riaz Hasan Khan, Works Manager Raja Fayyaz Anwar, and Deputy Secretary Muhammad Younis. The probe was launched on the orders of the Lahore High Court after a complaint from the lowest bidder for supplying copper and nickel. According to the FIA, during 2001–2002 the accused colluded with a local supplier to award contracts at inflated prices, despite the mint's existing metal stocks. The inquiry found that they bypassed mandatory price comparison ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Savings Organization
The Central Directorate of National Savings is a Pakistani state-owned savings bank, operating as an attached department under the Finance Division, Ministry of Finance (Pakistan), Ministry of Finance led by the Director General. It is based in Melody Market, Islamabad. National Savings serves as an intermediary which raises funds from individual savers to help finance the government's fiscal deficit through non-bank means. History The history of the National Savings Organisation in Pakistan dates back to the British Raj when the ''Government Savings Bank Act, 1873'' was promulgated. During the First and Second World War, the British government used the then National Savings Bureau (NSB) to raise funds to meet war-related expenses. After Pakistan acquired independence in 1947, the organisation continued to operate as NSB, before being renamed to Central Directorate of National Savings (CDNS) in 1953. In August 1960, the CDNS was given the status of an "Attached Department" of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Directorate General Of Intelligence And Investigation
The Directorate General of Intelligence and Investigation (DG I&I) () operates as a department under the Federal Board of Revenue (FBR) in Pakistan. While its core function is to serve as the intelligence wing of the FBR, it is actively engaged in the day-to-day investigation of revenue-related crimes and offenses. The Directorate General of Intelligence and Investigation (DG I&I) is structured with key positions including a Director General, a Director HQs, and three Directors situated in Karachi, Lahore, and Faisalabad. The operational core of this organization is formed by the existing Vigilance units operating under Dte. Gen. I&I, FBR (Customs Intelligence), which are currently staffed by officers and officials specializing in Inland Revenue (IR). These units contribute significantly to the functioning and operations of DG I&I. History The Directorate General of Intelligence and Investigation - Inland Revenue (DG I&I - IR) was officially rebranded from the pre-existing role o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Controller General Of Accounts (Pakistan)
The Controller General of Accounts (CGA) () is the premier accounting office of the Government of Pakistan. The Office is entrusted with the task of producing accurate and timely financial statements for the federation. It was formed under an ordinance issued in 2001. The Office achieves task through dedicated human resources, immense investment in infrastructure and strict quality control checks by the Senior Officers. It is also responsible for disbursing government money in form of payments of salaries and allowances to government servants and payments to contractors. All these transactions and any other transactions by Government of Pakistan, are captured in the SAP ERP and then the information is used to generate monthly, quarterly and yearly financials. The Controller General of Accounts is appointed by the President of Pakistan, President from amongst the officers of the Accounts Group and shall hold a Pakistan Civil Service, civil service rank of BPS 22. Detailed functions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competition Commission Of Pakistan
The Competition Commission of Pakistan (CCP) (), formerly Monopoly Control Authority, is an independent agency quasi-regulatory, quasi-judicial body of the Government of Pakistan for the enforcement of economic competition laws in Pakistan that helps ensure healthy competition. It was created in 2007 by the President of Pakistan through the promulgation of the Competition Ordinance, 2007 replacing Monopoly Control Authority, later Parliament of Pakistan passed Competition Act, 2010 to give legal cover and powers to the commission. The Commission was established to provide for free competition in all spheres of commercial and economic activity to enhance economic efficiency and to protect consumers from anti competitive behavior. History Prior to the Competition Ordinance, 2007, Pakistan had an anti-monopoly law namely ‘Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance’ (MRTPO) 1970. The Monopoly Control Authority (MCA) was the organization to a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auditor General Of Pakistan
The Auditor General of Pakistan () is a government organization and the prime and supreme audit institution (SAI) in the country for ensuring public accountability and fiscal transparency and oversight in governmental operations. The organization is expected to bring improvements in the financial discipline and internal control environment in the executive departments for minimizing the possibility of waste and fraud. Appointments The Auditor General is appointed by the President of Pakistan. His reports are presented to the Public Accounts Committees (PAC) of the National, Provincial, and District assemblies. His mandate enables him to strengthen the legislative oversight by providing an independent and objective assessment of the process of governance at the federal and provincial levels. Qualification Budget The budget of the Auditor General is classified as ''charged expenditure'', which means it is not voted upon by the Parliament, giving a degree of independence to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Board Of Revenue
The Federal Board of Revenue (FBR) (), 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"'', the C ... [...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 Chief Marshal in the Pakistan Air Force, and Admiral in the Pakistan Navy. Due to the importance of their respective assignments, there are twelve specif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Defence Production
The Ministry of Defence Production (; ''Trans.'': ''Wazarat-e-Defai Padawar'') abbreviated as MoDP, is an executive ministry of the federal Government of Pakistan with objectives of development and production of ordnance and machinery for the Pakistan Armed Forces. Established as a separate ministry from its parent agency, Ministry of Defence in 2004, the MoDP oversees the development of conventional military weapons system through its separately funded organizations. Organizational structure The Ministry of Defence Production is headed by Minister of Defence Production who is an elected member of parliament. The minister of defense production is assisted by the secretary of defense production—a usually a military officer. The MoDP is located in the vicinity of Ministry of Defense in Rawalpindi. The ministry's bureaucracy is split into three wings, administration, projects, and foreign collaboration, each overseen by an assistant secretary. History The Ministry of Defen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Defence (Pakistan)
The Ministry of Defence (, abbreviated as MoD) is a ministry of the federal Government of Pakistan, tasked in defending national interests and territorial integrity of Pakistan. The MoD oversees mission execution of its policies and supervises all agencies of the government directly related to the national security and the Pakistan Armed Forces. The existence and functions of the ministry are statutorily defined in ''Part XII, Chapter II'' of the Constitution of Pakistan with Minister of Defence being its head who reports directly to Prime Minister 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. History The Ministry of Defence (Urdu: وزارت دفاع; ''Transliteration'': ''Wazarat-e-Difa'') was created on 14 August 1947 from the partiti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
