In Oracle PL/SQL, PRAGMA refers to a compiler directive or "hint" it is used to provide an instruction to the compiler. The directive restricts member subprograms to query or modify database tables and packaged variables. Pragma directives are processed at compile time where they pass necessary information to the compiler; they are not processed at runtime.
The 5 types of Pragma directives available in Oracle
CREATE OR REPLACE [FUNCTION | PROCEDURE] [NAME] IS