I've come across many candidates who were asked what they knew about National Standing Committee. So here you go guys.

Committee System: Standing Committee (National Assembly)

The Standing Committees of the House play an important role of oversight and monitoring the working of the relevant Ministries of the Government. In the parliamentary democracies, the Committees are regarded as “eyes, ears, hands and even brain of the Parliament”. Another saying about the importance of the Committee is the “Congress in session is Congress in Exhibition, while Congress in its Committee Room is Congress at work”. (Joseph P. Haris)

There shall be a Standing Committee of the Assembly for each Ministry of the Government (Rule 198). The Standing Committees examine Bills referred to them by the House and submit its reports to the House. Upon introduction, a Bill other than a Finance Bill, shall stand referred to the Standing Committee concerned with the subject matter of the Bill (Rule 122)

The National Assembly Rules of Procedure contain special provisions empowering the Standing Committees to examine the expenditures, administration, delegated legislations, public petitions and policies of the Ministry concerned and its associated public bodies and may forward its report of findings and recommendations to the Ministry and Ministry shall submit its reply to the Committee.

In addition to two non-Departmental Standing Committees, viz Standing Committee on Public Accounts and Committee on Government Assurances; and three Domestic Committees, namely Committee on Rules of Procedure and Privileges, House and Library Committee and Business Advisory Committee;

All the Standing Committees under rule 200, their members are required to be elected by the Assembly within thirty days after the election of the Leader of the House.

In addition to Standing Committees, the Assembly can constitute, in accordance with the provisions of rule 244, Select Committees on Bills and Special Committees to carry out functions specified in the motion.

Government budget:
Balance budget: Government Tax Revenue = Government Spending
Budget Deficit: Government Tax Revenue > Government Spending
• Government debt decreases
• Government has more money
Budget Surplus: Government Tax Revenue < Government Spending
• Government debt increases by level of deficit
Government debt: Total of deficits – surpluses
Budget Deficit: Difference between G-T (Add the deficit to the debt)

@Sammar Illahi brother. Please correct a small mistake in your notes. Replace Budget Deficit with Budget Surplus in your notes please. Thanks.

Bro, you can simply know exact definitions from Google.

When expenditures exceed income, the outcome is a budget deficit.

When income exceeds expenditure the excess amount is called budget surplus.

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"If we don't stand for something, we may fall for anything."

What's Debt Servicing: Debt service is the cash that is required to cover the repayment of interest and principal on a debt for a particular period. If an individual is taking out a mortgage or a student loan, the borrower needs to calculate the annual debt service required on each loan, and, in the same way, companies must meet debt service requirements for loans and bonds issued to the public. The ability to service debt is a factor when a company needs to raise additional capital to operate the business.

OR

The amount of money required to make payments on the principal and interest on outstanding loans, the interest on bonds, or the principal of maturing bonds. An individual or company unable to make such payments is said to be "unable to service one's debt." An example of debt service is a monthly student loan payment.

KARACHI: Pakistan’s foreign debt servicing amounted to $8.16 billion in 2016-17, up 53 per cent from the preceding fiscal year.

The State Bank of Pakistan (SBP) reported on Thursday that the country paid $6.54bn in principal and $1.62bn in interest during the last fiscal year.

Foreign debt servicing amounted to $5.32bn in 2015-16.

In the first, second and third quarters of 2016-17, debt servicing payments were $1.55bn, $1.25bn and $2.43bn, respectively. In the last quarter, the country paid $2.92bn.

The figure can go further up in 2017-18 as the government has been accumulating dollars through commercial borrowing. It borrowed $4.4bn at commercial rates in 2016-17 in an attempt to maintain foreign exchange reserves of the SBP.

FALLING RESERVES: Despite commercial borrowing, the government could not contain the drop in reserves. The central bank lost about $4.64bn between October 2016 and Sept 15.

Another SBP report issued on Thursday noted that the SBP’s reserves fell $474 million to $14.28bn during Sept 8 and 15. It showed that commercial borrowing could not increase foreign exchange reserves, although it helped prevent their rapid depletion.

The country has been struggling to meet its increasing trade deficit, which was being bridged largely through remittances that also dropped in 2016-17.

The current account deficit also touched the record high of $12.1bn in the last fiscal year.

Some positive developments have taken place on the external front in recent months. Remittances, exports and foreign direct investment have grown since the beginning of 2017-18.

However, the trade deficit for July-August widened to over $6bn, which is reflective of a poor balance of trade going forward.

The exchange rate remained largely stable during 2016-17. Experts believe a sharp increase in debt servicing can destabilise the exchange rate in the future.

The government has not yet approached the International Monetary Fund to shore up foreign exchange reserves. It is instead planning to borrow from the international market through Islamic bonds. The amount can be in the range of $500m to $1bn.

Published in Dawn, September 22nd, 2017

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“What we need in this country today is more courage and more belief in the things that we have.”- Thomas J. Watson

Sammar Bhai..I had submitted original noc to fpsc.now I am left with photocopy of noc...is it ok?

DEAR SAMMAR,

I have the same problem as well.........

i have also submitted Original NOC to the FPSC as well. now left with copy.

any problem???

i also want to have some guidance with respect to Interview letter.

as i belong to punjab and still i have not received any Letter......
and i am from the remote areas where i have never received any daak.

please confirm whether FPSC is also sending sms as well to the candidates?

or

interview letter is the only source of communication?

i will appreciate the reply....thanks

Hello. Did you receive any letter or sms yet?

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There is no one to stop you from succeeding other than yourself

No, nothing. Any one from your acquaintances around 60.000s received anything?

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"If we don't stand for something, we may fall for anything."

They have reached 53,000s. One person in 53,000 is going to have interview next week.

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There is no one to stop you from succeeding other than yourself