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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]
Bureau of Plant Industry (Philippines), a Philippines government agency; Business process interoperability, a state that exists when a business process can meet a specific objective automatically utilizing essential human labor only
Taxation in Pakistan has evolved since the country’s independence in 1947, largely based on the British colonial tax system. Initially, Pakistan inherited the tax structures and administrative mechanisms of British rule, which included a comprehensive framework for indirect taxation. Over the years, however, Pakistan has modified and adapted ...
Government procurement in Pakistan is overseen by the Public Procurement Regulatory Authority (PPRA), an autonomous body based in Islamabad which was established by the Public Procurement Regulatory Authority Ordinance of May 2002. The PPRA is responsible for issuing regulations and procedures for public procurement undertaken by federal level ...
In April 2015, the Government of Pakistan sold its 41.5% stake or 609 million shares in the bank for $1.02 billion. [17] According to the finance ministry, the strike price of Rs. 168 per share (compared to the floor price of Rs. 166 per share) was recommended by the Privatisation Commission Board.
The Pakistan government spent over 1 trillion rupees (about $16.7 billion) on poverty alleviation programs during the past four years, reducing poverty from 35% in 2000–01 to 29.3% in 2013 and further to 17% in 2015. [56] Rural poverty remains a pressing issue, as development in those areas has been significantly slower than in major urban areas.
Stipulations set by the constitution provide a delicate check and balance of Separation of powers between Cabinet of Pakistan, Parliament of Pakistan, and Judiciary of Pakistan branches of the Government of Pakistan. [2] The head of state is the president who is elected by the electoral college for a five-year term.
The Long Island Power Authority (LIPA) adopted a feed-in tariff on 16 July 2012, for systems from 50 kW (AC) to 20 MW (AC), and was limited to 50 MW (AC). As customers cannot use their own electricity, it is actually a 20-year fixed rate Power Purchase Agreement and LIPA retains the SRECs.