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In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in January.
Hyderabad (Sindhi: حيدرآباد ; Urdu: حيدرآباد; / ˈ h aɪ d ər ə b ɑː d /) [4] is a city and the capital of Hyderabad Division in the Sindh province of Pakistan.It is the second-largest city in Sindh, and the fifth largest in Pakistan.
Amid these economic dynamics, Pakistan underwent a structural transition. The GDP share of agriculture declined from 53% in 1947 to 21.2% in 2010, while the GDP share of industry rose from 9.6% in 1949–50 to 25.4% in 2010. Additionally, the GDP share of the services sector increased from 37.2% in 1950 to 53.4% in 2010.
Ranked as a beta-global city, [19] [20] it is Pakistan's premier industrial and financial centre, [21] with an estimated GDP of over $200 billion as of 2021. [ 16 ] [ 17 ] Karachi is a metropolitan city and is considered Pakistan's most cosmopolitan city, and among the country's most linguistically, ethnically, and religiously diverse regions ...
The Periods of Stagflation, [1] also known as Stagflation in Pakistan or inflation and unemployment in Pakistan, are periods of economic stagflation in Pakistan's economic history, which has affected Pakistan's economic trajectory since its inception. [1] [2] Pakistan's economy is battling a state of virtual "stagflation", means that Pakistan ...
11.8% (May 2024) The Pakistani rupee (ISO code: PKR) is the official currency in the Islamic Republic of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan. It was officially adopted by the Government of Pakistan in 1949.
Pakistan is a multilingual country with over 70 languages spoken as first languages. [2][3] The majority of Pakistan's languages belong to the Indo-Iranian group of the Indo-European language family. [4][5] Urdu is the national language and the lingua franca of Pakistan, and while sharing official status with English, it is the preferred and ...
The country's urban population more than tripled between 1981 and 2017 (from 23.8 million to 75.7 million), as Pakistan's urbanisation rate rose from 28.2% to 36.4%. Even with this, the nation's urbanisation rate remains one of the lowest in the world , and in 2017, over 130 million Pakistanis (making up nearly 65% of the population) lived in ...
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