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Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive external borrowings by the country over the years raised the spectre of ...
The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float. As a result, the rupee devalued by 38.5% between 1982–83 and 1987–88 and the cost of importing raw materials increased rapidly, causing pressure on Pakistani finances and damaging much of the industrial base.
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 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.
Website. www.app.com.pk. Associated Press of Pakistan (APP) (Urdu: مشارکتِ مطبع ، پاکستان) is a government-operated national news agency of Pakistan. [ 2 ][ 3 ][ 4 ] APP has News Exchange Agreements with 37 Foreign News Agencies and has "around 400 editorial staff including around 100 Correspondents at the District and Tehsil ...
Dawn News is a Pakistani 24-hour Urdu news channel. Based in Karachi, the station is a subsidiary of Pakistan Herald Publications Limited (PHPL), Pakistan's largest English-language media group. [1][2] The test transmission of the station occurred on 25 May 2007, and the channel went live on 23 July 2007. Originally broadcast in English, on 15 ...
GNN (Pakistani TV channel) G News Network, commonly known as GNN, is a Pakistani 24-hour news and current affairs channel based in Lahore, Pakistan. It is owned and operated by Gourmet Foods. [1] It was launched in 2005 as CNBC Pakistan under a license from CNBC Asia Pacific. It was then owned by Vision Network Television Limited. [2]
[62] [63] On 7 November 2016, Bloomberg News also claimed that "Pakistan is on the verge of an investment-led growth cycle." [64] On 10 January 2017, The Economist forecasted Pakistan's GDP to grow at 5.3 percent in 2017, making it the fifth fastest growing economy in the world and the fastest growing in the Muslim world. [65] [66]