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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.
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.
2002 The Government of Pakistan granted the Aga Khan Fund for Economic Development majority ownership of HBL. 2017 HBL opened a branch in China at Ürümqi High-tech Industrial Development Zone. [22] 2021 HBL became the first Pakistani bank to open a branch and serve clients in Beijing, China. [23] [24] Map depicting worldwide operations of HBL ...
In Pakistan, the PSX saw the largest ever intra-day plunge in the country's history, losing 2,302 points or 6.0%. The market closed with the KSE 100 Index down 3.1%. [ 154 ] In India, the BSE SENSEX closed 1,942 points lower at 35,635 while the NSE Nifty 50 was down by 538 points to 10,451.
In November 2016, China announced an additional $8.5 billion investment in Pakistan, with $4.5 billion allocated to upgrading Pakistan's main railway line from Karachi to Peshawar, including improvements to tracks, speed, and signaling, and $4 billion directed towards an LNG terminal and transmission lines to alleviate energy shortages. [68]
Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population). Based on World Bank data ranging from 1998 to 2018. [20]Extreme poverty is defined by the international community as living below $1.90 a day, as measured in 2011 international prices (equivalent to $2.12 in 2018).
The British Raj extended over almost all present-day India, Pakistan, Bangladesh and Myanmar, except for small holdings by other European nations such as Goa and Pondicherry. [18] This area is very diverse, containing the Himalayan mountains, fertile floodplains, the Indo-Gangetic Plain , a long coastline, tropical dry forests, arid uplands ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 1 February 2025. Geographical region in South Asia This article is about the geographical region. For the province of Pakistan, see Punjab, Pakistan. For the state in India, see Punjab, India. For other uses, see Punjab (disambiguation). Region Punjab ਪੰਜਾਬ (Punjabi Gurmukhi) پنجاب ...