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Army Welfare Trust (AWT) was established in 1971 as a society under the Societies Registration Act of 1860, with an initial endowment of Rs 0.7 million. [3] It became fully operational in 1977. [3] The first commercial unit of the trust was a stud farm located in Probyanabad which it received from Pakistan Army in 1972. [4] [5] [6]
Pakistan Military Accounts Department (PMAD) is an attached department of the Ministry of Defence. It is primarily responsible for making payments to the armed forces, maintaining its accounts and providing financial advice to the defense authorities.
The scheme was announced by the Finance Minister in Budget 2010–11. It was funded by grants from the Government of India. [4] [5] This scheme has been replaced with Atal Pension Yojana, [6] in which all subscribing workers below the age of 40 are eligible for pension of up to ₹ 5,000 (US$59) per month on attainment of 60 years of age.
The modern history of the Pakistan Army dates back to the formation of Pakistan in 1947, following the partition of the India subcontinent. [1] The army was initially formed as a professional land force by inheriting the assets and personnel of the British Indian Army, with its first commander-in-chief, Frank Messervy.
In October 2022, an audit conducted by the Auditor General of Pakistan (AGP) of MEO Quetta uncovered a discrepancy amounting to Rs 82 million in the construction of the commercial plaza by the Pakistan Armed Services Board (PASB). A parcel of land, spanning 1,517.52 square meters, was leased to the PASB for 30 years for the construction of a ...
Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 4.80% APY with no minimums at Jenius Bank, Barclays and other trusted providers as ...
From 1947 till 1957, the British Army provided the crucial training support and education on military logistics its officers who were commissioned in the Army Service Corps.: 518 [9] [10] Since 1966, the Army Service Corps is now stationed in Nowshera along with its Army Service College that provides the necessary training and education and ...
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