WThe Economic Coordination Committee, is a principle federal institution and a consultative forum used by the people-elected Prime Minister of Pakistan as its chairman, for concerning matters of state's economic security, geoeconomic, political economic and financial endowment issues. Although it is often chaired by the Finance Minister and the senior economic officials as its members on multiple occasions, the key executive authorization on key economic policies are made by the Prime Minister of Pakistan who reserves the right call upon and serves as the chairman of the ECC.
WPakistan began a period of economic liberalisation in the 1990s to promote and accelerate economic independence, development, and GDP growth.
WThe Eighth Five-Year Plans for National Economy of Pakistan was a set of a centralized and planned economic goals and targets designed to strengthen the economic development and performance of Pakistan between 1993 and 1998.
WThe First Five-Year Plans for the National Economy of Pakistan,, was a set of the Soviet-styled centralized economic plans and targets as part of the economic development initiatives, in the Pakistan. The plans were drafted by the Finance minister Malick Ghoulam to Prime minister Liaquat Ali Khan who initially backed the programme, in 1948.
WThe Five-Year Plans for the National Economy of Pakistan, were the series of nationwide centralised economic plans and targets as part of the economic development initiatives, in the Pakistan. The plan was conceived by the Ministry of Finance (MoF), and were studied and developed by the Economic Coordination Committee (ECC) based on the theory of Cost-of-production value, and also covered the areas of Trickle-down system. Supervision and fulfillment of this programme became the watchword of Pakistan's civil bureaucracy since early 1950s.
WThe Medium Term Development Framework, 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 civil infrastructure.
WThe National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. 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. As per Constitution, the program awards the designs of financial formulas of economic distribution to provincial and federal government for five consecutive years. All together, a total of seven awards has been reimbursed since its emergence in 1951, by Prime Minister Liaquat Ali Khan. Stipulations and directions mentioned by the Constitution, the provisional governments and federal government competes to get higher share of the program's revenues in order to stabilize their own financial status.
WThe Raisman Program, was a series of economic reforms programs enacted and established by Pakistan in 1951. Philosophical understanding of the program emerged in 1947 to provide economic distribution of total revenue, at parallel and perpendicular level, in the country. The program was announced by Prime Minister Liaquat Ali Khan in 1947, as part of his new economic policy to curbed the political discrepancies and economic preference. The civil servant, Sir Jeremy Raisman, in Prime Minister Ali Khan's government presented his recommendation in 1947; therefore the program was named after Raisman.