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The State Bank of Pakistan then stabilized the exchange rate by lowering interest rates and buying dollars, to preserve the country's export competitiveness. 2008 was termed a disastrous year for the rupee after the elections: between December 2007 and August 2008, it lost 23% of its value, falling to a record low of Rs.79/ 20 against the US ...
The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. [1] Although it is not a freely convertible currency , and has an official exchange rate , the CNY plays an important role in the world economy and international trade .
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This is a list of television channels in Pakistan. There are a variety of Pakistani television channels that offer viewers the chance to enjoy their favorite shows and stay up to date with current news and events. Television in Pakistan was introduced in 1964.
A mutiny is taking place in the global currency market, with a growing number of countries ditching the U.S. dollar in favor of China’s yuan — at least, that’s the rumor going around.
Muhammad Ali Jinnah, founder of the Dawn newspaper. Dawn began as a weekly publication, based in New Delhi. [1] Under the instruction of Jinnah, it became the official organ of the All India Muslim League in Delhi, and the sole voice of the Muslims League in the English language, reflecting and espousing the cause of Pakistan's creation.
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Under the presiding rule of Gillani, the state currency value of the Rupee (₨.) crashed from 60-1 USD to 80-1 USD in only a month, the prices of commodities soared through the roof, the number of people living below poverty line increased from 60 million to 77 million. [17]