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US dollar-Pakistani rupee exchange rate. Between 1948 and July 1955, the Pakistani rupee was effectively pegged to the U.S. dollar at approximately Rs.3/31 per U.S. dollar. Afterwards, this was changed to approximately Rs.4/76 per U.S. dollar, a devaluation of 30%, to match the Indian rupee's value. [29]
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Pakistan is in talks with the IMF for a loan of between $6 billion and $8 billion. This budget is very important for Pakistan's IMF program. [8] The government is required to restrict budget deficits to 5% to 6% of GDP and achieve a primary surplus to meet the IMF's requirements.
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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.
During the government of Pakistan Tehreek-e-Insaf (PTI) increasing double-digit inflation led to growing political issues and deteriorating economic conditions. [ 22 ] [ 23 ] During the PTI period, Pakistan's total debt and liabilities increased by 80% while during three quarters of Fiscal Year 2021-22 the trade deficit rose 70% to $35.4 ...
The birth rate in America has long been on a decline, with the fertility rate reaching historic lows in 2023. More women between ages 25 to 44 aren’t having children, for a number of reasons.
Geo News (Urdu: جیو نیوز) is a Pakistani news channel owned by the Jang Media Group. [1] It was launched in October 2002 as the news and current affairs program was under its flagship channel Geo TV, which later in 2004, Geo TV decided to launch its own news channel.