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In 1985, TCS secured a contract with the Pakistan Banking Council to provide overnight delivery services connecting 4,000 bank branches nationwide. [1] In 1991, to address succession planning, the Awan brothers divided the business, with Sadiq taking control of the international operations and Khalid managing the domestic services. [ 1 ]
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 template supports inflation calculation, by way of {{}}.If the second parameter is used, to specify a year, and this year is within a certain range of available inflation data (specifically, if 1960 ≤ year < 2021), the equivalent value represented in 2021 rupee will be calculated in parentheses.
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.
Trading Corporation of Pakistan was established in 1967 as a premier international trading house fully owned by the Government of Pakistan. [4] [5] From the year 1980-81, the government decided to remove the monopoly of TCP on imports of the country. [6]
Tata Consultancy Services' shares gained nearly 3% on Friday, a day after India's top IT services firm reported first-quarter results that signalled early signs of revival for a sector that has ...
Tonka Beans. This wrinkly legume from South America underwent a recent boom in the fine-dining world due to its notes of vanilla, almond, and cinnamon, but it has actually been illegal in the U.S ...
It was subdivided into four pices or twelve pies (thus there were 192 pies in a rupee). When the rupee was decimalised and subdivided into 100 (new) paise, one anna was therefore equivalent to 6.25 paise. The anna was demonetised as a currency unit when India decimalised its currency in 1957, followed by Pakistan in 1961. It was replaced by the ...