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China lent Pakistan further 700 million dollars to shore up Forex reserves. [32] Pakistan's Consumer price index (CPI) further jumped to 31.5%, the highest annual rate in 50 years. [33] Also Fitch downgrades Pak's sovereign credit rating from CCC+ to CCC-. The New York-based ratings agency warned that a default could be a "real possibility". [34]
In the fiscal year 1949–50, Pakistan recorded a national savings rate of 2%, a foreign savings rate of 2%, and an investment rate of 4%. Manufacturing contributed 7.8% to the GDP, while services, trade, and other sectors accounted for a significant 39%, reflecting a policy centered around import-substituting industrialization .
Ray J's 1997 debut single, "Let It Go", was released by EastWest Records for the soundtrack to the F. Gary Gray film, Set It Off. Both moderate hits, the song peaked within the top 40 of the Billboard Hot 100 and additionally served as lead single for Ray J's debut studio album, Everything You Want (1997), which entered the Top R&B/Hip-Hop ...
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The State Bank of Pakistan then stabilized the exchange rate by lowering interest rates and buying dollars, 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 ...
Poverty in Pakistan has been recorded by the World Bank at 39.3% using the lower middle-income poverty rate of US$ 3.2 per day for the fiscal year 2020–21. [1] In September 2021, the government stated that 22% percent of its population lives below the national poverty line [ 2 ] set at Rs.
The liberalisation methods raised country's GDP growth at 9.38% (1964), 8.71% (1980s) and 8.97% (2004–07). After exclusive establishment of Pakistan, the country's economic policy for the rapid growth of the national economy was deeply understood and extensive efforts were carried out by the government of Prime minister Liaquat Ali Khan in 1947.
Italy / Pakistan UAV Reconnaissance: 2007 [57] 26 26: PAF launch customer for Falco UAV in 2007. [57] Manufactured under license at PAC since 2008 with technology transfer to Pakistan. [58] Shahpar: GIDS: Pakistan UAV Reconnaissance: 2012 [59] 6 6 [60] Jasoos II: SATUMA: Pakistan UAV Reconnaissance, Training: 2010: 46 46: Bravo+.
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