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Pakistan Mint. Valuation. Inflation. 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 still has a low literacy rate relative to other countries. [9] As of 2022 Pakistan's literacy rates range from 96% in Islamabad to 23% in the Torghar District. [10] Literacy rates vary by gender and region. In tribal areas female literacy is 9.5%, [11] while Azad Kashmir has a literacy rate of 91%. [12]
KIBOR. The Karachi Interbank Offered Rate ( KIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market. [1] The banks used it as a benchmark in their lending to corporate sector. [2]
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
Punjab has the largest economy in Pakistan, contributing most to the national GDP. The province's share was 60.58% in 2020 to national economy. [2] Sindh which is the second largest province in terms of population and GDP which has steadily continued to grow, contributes 23.7% to the national economy. [2]
The country's population structure is relatively young, with a median age of 19. With low death rates and a declining birth rate, the country is in the third stage of its Demographic transition. In 2017, Pakistan's sex ratio stood at 105 males per 100 females, [3] which is much more balanced than South Asia as a whole.
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 ...
Pakistan belongs to those nations who have the world's worst literacy rate, which is the main reason for its slow agricultural growth and sluggish economy. Pakistan's literacy rate is ranked 113 in a total of 120 countries. This is a huge issue for the country and its economic development. [166] [167]