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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.
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 dollar. [31] The major reasons for this depreciation were huge current and trade accounts deficits that had built up since the credit boom in Pakistan after 2002.
[53] [54] The rupee (PKR) also started October with gains (appreciation) against "all of the other major currencies" the same day. [55] That month Pakistan also ended a four-year streak of outflows (totaling $1.4 billion) in Treasury Bills, earning $875 million.
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
During his rule of 3 years still today Pakistani external debt increased from US$75.3 billion to US$110.6 billion an increase of 35.3 billion USD (214 percent). [3] According to a report by the International Monetary Fund, Pakistani owes China 30% of its $100 billion foreign debt. [4]
US$6 billion [1] Conglomerate: Fauji Foundation: Rawalpindi: US$4 billion [2] Conglomerate: US$1.671 billion (2017) [3] Hashoo Group: Karachi: US$3.8 billion [1] Conglomerate: Bahria Town: Islamabad: US$3.4 billion [1] (2021) Real estate: Dawood Hercules Corporation: Karachi: US$1.7 billion [4] Investment: House of Habib: Karachi: US$1 billion ...
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.
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.