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The Pakistan Ordnance Factories (POF) is a major firearms and a defence contractor headquartered in Wah Cantt, Punjab, Pakistan. [1] Described as "the largest defence industrial complex under the Ministry of Defence Production, producing conventional arms and ammunition to the international standards" by the Government of Pakistan.
In December 2001, the Government of Pakistan introduced Pakistan Investment Bonds (PIBs), replacing Federal Investment Bonds, with maturities of three, five, and ten years. [ 5 ] [ 6 ] The primary purpose of these scripless bonds was to establish a long-term yield curve to assist corporate entities in pricing their debt instruments. [ 5 ]
The Defence Science & Technology Organisation (Urdu: تنظیم برائے دفاعی سائنس و ٹیکنالوجی) is a multi-disciplinary, research and development agency under the National Engineering and Scientific Commission (NESCOM) of Pakistan, dedicated for evaluation of science and technology for use by the military.
The Pakistan Single Window (PSW) stands as a prominent undertaking spearheaded by Pakistan Customs.Its overarching objective is to diminish the time and expenses associated with conducting business by transitioning Pakistan's cross-border trade into a digital realm, thereby eliminating the need for paper-based manual procedures.
Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax ...
As of 2024, Pakistan’s defense budget is 1.7 percent of its GDP. [4] This represents a decrease compared to previous years, with the defense spending in 2022-23 being around 2% of the country’s GDP. [5] Despite facing economic challenges, Pakistan continues to allocate a substantial portion of its budget to defense. [6]
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]
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