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The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. [1] Constituted under the Article 160 of the Constitution, the program was emerged to take control of financial imbalances and equally managed the financial resources to four provinces to meet their expenditure liabilities while alleviating the horizontal fiscal imbalances. [2]
t. e. The Medium Term Development Framework (Urdu: قالبِ وسط مدّتی برائے ترقیات) (denoted as MTDF), is a policy measure programme of the Government of Pakistan drafted by the Ministry of Finance, Economic Coordination Committee and the Planning Commission of Pakistan, formulated to strengthen the national economy and ...
Pakistan joined IMF on 11 July 1950 as newly established country was facing fiscal problems since its creation in 1947 from British India. In 1958, for the first time, Pakistan went to IMF for bailout. For this, IMF lent out US$25,000 (equivalent to $264,014 in 2023) [originally the loan-amount is given in SDR; [4] for this article it is ...
The JF-17 was designed and developed primarily to meet the PAF requirement for an affordable, [21] unsanctionable, fourth-generation, lightweight, multi-role combat aircraft as a replacement for its large fleet of Nanchang A-5C bombers, Chengdu F-7P/PG interceptors, and Dassault Mirage III/5 fighters, with a cost of US$500 million, divided equally between Pakistan and China. [22]
n/a. Drinking water supply and sanitation in Pakistan is characterized by some achievements and many challenges. [citation needed] In 2020, 68% Pakistanis, 72% Indians, 54% Bangladeshi had access to the basic sanitation facilities. [9] Despite high population growth the country has increased the share of the population with access to an ...
Akhuwat Foundation, a nonprofit organization based in Pakistan, offers interest-free loans to individuals who lack access to formal financial services. [1] [2] Founded in 2003 by Dr. Muhammad Amjad Saqib, who serves as the executive director, Akhuwat operates its head office in Lahore and has expanded to over 1,500 cities in Pakistan.
Main sources of Pakistan's primary energy supplies include Gas, Oil, Coal, imported Liquefied natural gas (LNG), and Hydroelectricity, with shares of 33.1%, 22.6%, 18.3%, 10.3%, and 9.9% respectively in 2020. Since coal mining began in the Thar desert and LNG imports from Qatar, Coal and imported LNG have increased their shares manyfold in just ...
United Bank Limited (UBL) (Urdu: یونائیٹڈ بینک) is a Pakistani commercial bank headquartered in Karachi. It is a subsidiary of British multinational conglomerate, Bestway Group. It is listed on the Pakistan Stock Exchange and it has been designated as a domestic systemically important bank (D-SIB) by the State Bank of Pakistan.