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Mint. Pakistan Mint. Valuation. Inflation. 11.8% (May 2024) The Pakistani rupee (ISO code: PKR) is the official currency in the Islamic Republic of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan. It was officially adopted by the Government of Pakistan in 1949.
Pakistan and its two largest city economies. Source: [1] As of 2019, Lahore had an estimated GDP of $84 billion. [2] [3] As of 2008, the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%).
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
The Punjabi language is the most-widely spoken native language in Lahore, with 73.58% of Lahore counting it as their first language according to the 2023 Census. [152] Lahore is the largest Punjabi-speaking city in the world. According to the 2023 Pakistani census 21.1% speak Urdu, 2.06% Pashto, 2.01% Mewati and 2.78% other mother tongues. [153 ...
The forward exchange rate is a type of forward price. It is the exchange rate negotiated today between a bank and a client upon entering into a forward contract agreeing to buy or sell some amount of foreign currency in the future. [2][3] Multinational corporations and financial institutions often use the forward market to hedge future payables ...
Founded on 18 September 1947, Karachi Stock Exchange Limited (KSE) was registered in Pakistan. It was located at the Stock Exchange Building (SEB) on Stock Exchange Road, in the heart of Karachi 's business district off I. I. Chundrigar Road (then known as McLeod Rd). [10] Since its establishment, the number of members at the KSE had been ...
The Indian rupee was a silver-based currency during much of the 19th century, which had severe consequences on the standard value of the currency, as stronger economies were on the gold standard. During British rule, and the first decade of independence, the rupee was subdivided into 16 annas. Each anna was subdivided into 4 pices. So one rupee ...
History of Lahore. The recorded history of Lahore (Punjabi: لہور دی تریخ (Shahmukhi), ਲਹੌਰ ਦਾ ਇਤਹਾਸ (Gurmukhi); romanized: Làhaur dī tàrīk͟h) refers to the past history of the city of Lahore, the post-medieval cultural and political hub of the Punjab region. Today, the city is the capital of the Pakistani ...