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'Acquisition of Gwadar') was the acquisition of the territory of Gwadar by Pakistan from the Sultanate of Oman in 1958. Pakistan was able to acquire 15,210 square kilometres (5,870 sq mi) of land on the coast of Balochistan for around 5.5 billion Pakistani rupee (or 2 million US dollars today), paid mostly by Aga Khan IV.
Paisa (also transliterated as pice, pesa, poysha, poisha and baisa) is a monetary unit in several countries.The word is also a generalised idiom for money and wealth. In India, Nepal, and Pakistan, the paisa currently equals 1 ⁄ 100 of a rupee.
Rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, Burma, German East Africa (as Rupie/Rupien), and Tibet.
Maria Theresa thaler were valued at 230 paisa, with 64 paisa = 1 rupee. [5] In 1940, coins were introduced for use in Dhofar, followed, in 1946, by coins for use in Oman. Both coinages were denominated in baisa (equivalent to the paisa), with 200 baisa = 1 rial. The Indian rupee and, from 1959, the Gulf rupee continued to circulate. On 6 June ...
US dollar-Pakistani rupee exchange rate. 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, a devaluation of 30%, to match the Indian rupee's value. [29]
The city is situated on a narrow and sandy 12 km-long (7 mi) isthmus which connects the Pakistani coast to rocky outcroppings in the Arabian sea known as the Gwadar Promontory, or Koh-e-Batil, which reach an elevation of 150 m (480 ft) and extend 11 km (7 mi) east to west with a breadth of 1.5 km (1 mi). [34]
Oman–Pakistan relations are warm and cooperative. [1] Oman has an embassy in Islamabad and a Consulate-General in Karachi, whereas Pakistan has an embassy in Muscat.. Oman is the nearest Arab country to Pakistan, because of this, they both share a maritime boundary with each other. 30% of Omanis are of Balochi origin from Pakistan's Balochistan province, having settled in Oman over a hundred ...
The Gulf Rupee, also known as the Persian Gulf Rupee (PGR), was introduced by the Indian government as a replacement for the Indian Rupee for circulation exclusively outside the country with the Reserve Bank of India Amendment Act, 1 May 1959. After India devalued the rupee in June 1966, those countries still using it – Oman, Qatar and what ...