InPakistan initiated three public-private partnerships to manage, improve, and develop its passenger service train service. This law codified the mandate of the CCP into law, and revised the appeals process to include an Appellate Tribunal in Islamabad consisting of a retired judge and three private sector participants, who are tasked to deliberate and issue decisions within six months.
Embassies of most western countries, including the United States, United Kingdom, Canada, Australia, and New Zealand Embassies have issued travel advisories recommending against non-essential travel to Pakistan.
Although draft data protection regulations were formulated inthe regulations remain under GOP review and have not been promulgated. A capital gains tax is not applied on holdings that exceed 12 months. The National Accountability Bureau NABorganized under the National Accountability Ordinance, serves as the highest-level anti-corruption organization, with a mandate to eliminate corruption through awareness, prevention, and enforcement.
In regard to competition between public and private sector firms, the GOP has licensed two Pakistani private airlines to compete with state-owned Pakistan International Airlines. Attempts to reform the tax system date back to the s and have failed to yield results.
The long-promised auction of 3G frequencies has been repeatedly delayed over the last several years. The current Prime Minister has promised to carry out the Supreme Court orders.
Thus far, no steps have been taken to address increasing online piracy or illegal digitization. Political violence outside of the capital remained high in Investors eligible to establish businesses in EPZs have no minimum or maximum limits on investment.
The GOP offers incentives for other categories of export manufacturing. A National Reconciliation Ordinance NROpromulgated under former president Pervez Musharraf, provided an amnesty mechanism for public officials who were accused of corruption, embezzlement, money laundering, murder, and terrorism between January 1,and October 12, Under the 18th Amendment, responsibility for labor regulation and enforcement, in addition to industrial relations, has been devolved to the provinces.
Banks around the world are increasingly opting biometrics to authenticate customers accessing their services.
Technical and managerial personnel are not required to obtain special work permits in sectors that are open to foreign investment, including the manufacturing, infrastructure, agricultural, service, health, and education sectors. The government and security agencies have sought to convince militant groups to participate peacefully in occasional protests.
This package is being implemented by the provinces. The GOP enacted legislation providing a legal framework for friendly and hostile takeovers in The Supreme Court of Pakistan gave a decision against RPPs on March 30, declaring their contracts null and void and their intentions as mala fide.
Investment in the energy sector, particularly conventional gas, is stymied by a policy that underpriced resources and fails to safeguard contracts and by an evolving relationship between and among the federal and provincial governments, whose views on the disposition of natural resources do not always match.
Some pirate enterprises are now able to produce fairly high-quality counterfeit copies that are difficult to differentiate from legitimate versions.
While the former Health Ministry claimed that this change was made to avoid litigation in view of capacity constraints, the ordinance has effectively created an environment where the potential for discriminatory treatment exists.
The case was finally resolved when the local party withdrew its appeal of the decision in June structure within which banks operate (ownership structure, market concentration, competition) can have important implications for the incentives of banks to overcome market frictions and efficiently intermediate the economy’s savings to borrowers.
ISLAMIC FINANCE 2 INTERNATIONAL MONETARY FUND INTERNATIONAL MONETARY FUND Islamic Finance: Opportunities, Challenges, and Policy Options Prepared by Alfred Kammer, Mohamed Norat, Marco Piñón, Ananthakrishnan Prasad.
This is a product of the staff of the International Bank for Reconstruction and Development (The World Bank) and The International Monetary Fund. The findings, interpretations, and conclusions expressed in this document do not necessarily reflect the views of the World Bank, the International.
In a comparative study of banks in India and Pakistan, Ataullah et al. examined the evolution of TE during financial market liberalization from to and found improvements in TE in the two countries during the period.
Hello, Monopolistic competition is a model of market structure in which competitors provide products or services that are similar but can be differentiated from each other. In this model, each company has a product or products that are similar to. Pakistan’s banking industry has gone through significant transformation from being in a heavily state regulated and controlled environment to a more liberalized market structure in recent years.
This liberalization of banking industry in Pakistan has raised concerns over the dominant banks.Download