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Pakistan, [e] officially the Islamic Republic of Pakistan, [f] is a country in South Asia. It is the fifth-most populous country, with a population of over 241.5 million, [g] having the second-largest Muslim population as of 2023. Islamabad is the nation's capital, while Karachi is its largest city and financial centre.
In the fiscal year 1949–50, Pakistan recorded a national savings rate of 2%, a foreign savings rate of 2%, and an investment rate of 4%. Manufacturing contributed 7.8% to the GDP, while services, trade, and other sectors accounted for a significant 39%, reflecting a policy centered around import-substituting industrialization .
The losses incurred in the transition to independence, the small amount taken from Pakistan's share (a total of 230 million). In May 1948 Muhammad Ali Jinnah (Founder of Pakistan) took steps to establish the State Bank of Pakistan immediately. These were implemented in June 1948, and the State Bank of Pakistan commenced operation on 1 July 1948.
Hub Power Company (Hubco) was founded in 1991. [5] The project was funded by $770 million in loan agreements and $325 million in equity from international investors. [6] The major investors included National Power with 20.4 percent shareholding, Xenel with 14.5 percent, and Entergy with a 10 percent holding.
Nepal Rastra Bank head office located in Baluwatar, Kathmandu. The Nepal Rastra Bank (NRB; Nepali: नेपाल राष्ट्र बैंक) was established on April 26, 1956 A.D. (Nepali Date: Baisakh 14, 2013 B.S.) under the Nepal Rastra Bank Act, 1955, to discharge the central banking responsibilities including guiding the development of the embryonic domestic financial sector.
Thus, the official exchange rate increased from ¥1.50 in 1980 to ¥8.62 by 1994 (the lowest rate on record). Improving current account balance during the latter half of the 1990s enabled the Chinese government to maintain a peg of ¥8.27 per US$1 from 1997 to 2005.
My Autobiography) was released on 1 October 2002 in Tamil, exactly a year after the actor's death in 2001. The English version, titled Autobiography of an Actor : Sivaji Ganesan, October 1928-July 2001 , was released exactly five years later in 2007. [ 81 ]