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The "new" shipments of onions caused many futures traders to think that there was an excess of onions and further drove down onion prices in Chicago. By the end of the onion season in March 1956, Siegel and Kosuga had flooded the markets with their onions and driven the price of 50 pounds (23 kg) of onions down to 10 cents a bag. [6]
In December, when fresh crop usually begins to arrive, onion shipments were reduced from 2000 to 3000 tons a day to 700-800 tons a day in New Delhi markets, [5] raising the price of onion from ₹ 35 (42¢ US) to ₹ 88 (US$1.10) per kg in the period of one week. [6] The price on some online portals was significantly lower, about 30-40/kg.
2022 Pakistan floods in summer cause over $30 billion dollars in economic losses in Pakistan. [43] At the end of March 2022, the State Bank of Pakistan's reserves stood at $11.425bn, but they gradually tanked to an almost four-year low of $6.715bn on 2 December. Pakistan's foreign exchange reserves equal to just five weeks of merchandise ...
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [64]
[7] [8] The UAE has pledged support to Pakistan's Gwadar Port project, [9] and is assisting in the construction of a desalination plant in the city. [10] As of 2019, relations again began to improve substantially, with the UAE willing to invest $5 billion in Pakistan's Balochistan province, in order to build an oil refinery. [11] [12]
As 1 peso is only worth 8 fils, this has led to vending machine fraud in the UAE. Pakistan's 5 rupee coin, the Omani 50 Baisa coin and the Moroccan 1 dirham are also the same sizes as the Emirati one dirham coin. Although 1 mm thinner, one dirham coin has also been found in ten-cent coin rolls in Australia.
2001–2002 India–Pakistan standoff: The terrorist attack on the Indian Parliament on 13 December 2001, which India blamed on the Pakistan-based terrorist organisations, Lashkar-e-Taiba and Jaish-e-Mohammed, prompted the 2001–2002 India–Pakistan standoff and brought both sides close to war.
The Pakistan Economic Survey is an annual report on the performance of the economy, focusing in particular on major macroeconomic indicators. Finance Minister Shaukat Tarin briefed on 10 June 2021, the Pakistan Economic Survey 2020-21 at a press conference in Islamabad on Thursday, revealing that the industrial and services sectors had helped the economy rebound and post GDP growth of 3.94 per ...