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In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in ...
During his term from 1998 to 1999, Ishaq Dar's policies led to economic challenges for Pakistan. [7] Following nuclear tests, the government seized $11 billion from local dollar accounts of Pakistani citizens, after the currency was devalued by 25 percent in the open market compared to the official exchange rate. [8]
The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
The modifications involved inscribing Government of Pakistan in English and "Hakumat-e-Pakistan" in Urdu on the front of the notes. [ 4 ] An early 1948 agreement between the governments of India and Pakistan resulted in an amendment to the Pakistan (Monetary System and Reserve Bank) Order, 1947, moving up the deadline for the RBI's role as ...
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.
The Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. [ 4 ] [ 5 ] PSX was classified by MSCI as a frontier market on 8 September 2021.
Daily Global Current News [4] (Urdu: گلوبل نیوز ) Urdu / English All Pakistan 1992 International and regional news 13 BOL News (Urdu: بول نیوز) Urdu / English All Pakistan 2013 International and regional news 14 Daily Nai Baat [4] Urdu Lahore, Karachi, Multan, Peshawar, Quetta 2011 Current/political 15 Daily Sarhad (Urdu: سرحد)
Hum News: 11 May 2018 Islamabad [19] Indus News: English: November 2018 Lahore [20] KTN News: Sindhi, Urdu: October 2007 Karachi: Khyber News: Pashto, Urdu: August 2007 Islamabad [21] Lahore News: Urdu, Punjabi: 1 February 2017 Lahore [22] News One: 27 November 2007 Karachi [23] PTV News: Urdu: 14 August 2007 Islamabad [24] PTV World: English ...