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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 ...
At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to ₹13.33 to the pound. [23] The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30.
The data on exchange rate for Japanese Yen is in per 100 Yen. The end year rate for 1998–99 pertain to March 26, 1999 of Deutsche Mark rate. Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates.
A record number of homes are now valued at $1 million. According to real estate brokerage Redfin, 8.5% of homes in the United States fall into the $1 million-and-up price bracket, marking an all ...
As of Feb. 9, total liquid foreign reserves stood at $13.15 billion, having previously fallen to just $4.1 billion in June 2023. According to State Bank of Pakistan data, Pakistan requires $6.1 billion for debt servicing before the end of the fiscal year (June 30). Pakistan's inflation rate will remain between 12.5-11% in June–July. [43]
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.
Pakistan Stock Exchange Limited. / 24.847417°N 66.998306°E / 24.847417; 66.998306. The Pakistan Stock Exchange ( PSX) ( Urdu: پاکستان اسٹاک ایکسچینج ), founded as Karachi Stock Exchange ( KSE ), is a stock exchange in Pakistan with trading floor on I. I. Chundrigar Road in Karachi. [ 4][ 5] PSX was classified by ...
Dynamics. Pakistan, in 2022, had a (GDP nominal) of around US$377 billion and (GDP PPP) of around US$1.512 trillion, according to trading economics. [ 1] This value can be further divided into the unit levels (GSP), providing an outlook of how much value each unit contributes to the national GDP. Pakistan has traditionally followed a "top-down ...