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Between 1948 and July 1955, the Pakistani rupee was effectively pegged to the U.S. dollar at approximately Rs.3/31 per U.S. dollar. Afterwards, this was changed to approximately Rs.4/76 per U.S. dollar to match the Indian rupee's value. [23] This fixed exchange rate was maintained until 11 May 1972, in which the rupee was devalued to Rs.11 ...
Pakistan maintains foreign reserves with the State Bank of Pakistan. The currency of the reserves was solely the US dollar, incurring speculated losses after the dollar prices fell during 2005, forcing the then Governor SBP Ishrat Hussain to step down. In the same year, the SBP issued an official statement proclaiming diversification of ...
China lent Pakistan further 700 million dollars to shore up Forex reserves. [32] Pakistan's Consumer price index (CPI) further jumped to 31.5%, the highest annual rate in 50 years. [33] Also Fitch downgrades Pak's sovereign credit rating from CCC+ to CCC-. The New York-based ratings agency warned that a default could be a "real possibility". [34]
Pakistan Stock Exchange Limited. / 24.847417°N 66.998306°E / 24.847417; 66.998306. The Pakistan Stock Exchange ( PSX) ( Urdu: پاکستان اسٹاک ایکسچینج ), founded as Karachi Stock Exchange ( KSE ), is a stock exchange in Pakistan with trading floor on I. I. Chundrigar Road in Karachi. [ 4][ 5] PSX was classified by ...
Poverty in Pakistan. Poverty in Pakistan has been recorded by the World Bank at 39.3% using the lower middle-income poverty rate of US$ 3.2 per day for the fiscal year 2020–21. [ 1] In September 2021, the government stated that 22% percent of its population lives below the national poverty line [ 2] set at Rs. 3030 (US$10) per month.
Global gross figures. With a worldwide box-office gross of more than Rs. 4 billion, [ 1] The Legend of Maula Jatt is the highest-grossing Pakistani film . The following list shows Pakistan's top 24 highest-grossing films, which include films from all the Pakistani languages. These figures are not adjusted for ticket prices inflation.
During that period economy of Pakistan remained in poor shape and Pakistan had to go to IMF again for record third in the period of Bhutto government. [3] As per few sources, this was the most corrupt government in the history of Pakistan. This time Pakistan got an amount of US$294,690 (equivalent to $589,251 in 2023) on 13 December 1995. [3]
The national debt of Pakistan (Urdu: قومی قرضہ جاتِ پاکستان), or simply Pakistani debt, is the total public debt, [1] or unpaid borrowed funds carried by the Government of Pakistan, which includes measurement as the face value of the currently outstanding treasury bills (T-bills) that have been issued by the federal government.