Search results
Results from the WOW.Com Content Network
25 July - 2021 Azad Kashmiri general election; 28 July - 2021 Islamabad flooding; 8 August - Pakistan at the 2021 Islamic Solidarity Games; 9 August - August 2021 Quetta bombing; 12 August - Pakistan Ordnance Factories explosion; 14 August - Karachi grenade attack; 17 August - Vandalism of Maharaja Ranjeet Singh's statue in Lahore
At the end of March 2022, the State Bank of Pakistan's reserves stood at $11.425bn, but they gradually tanked to an almost four-year low of $6.715bn on 2 December. Pakistan's foreign exchange reserves equal to just five weeks of merchandise imports. [27] The consistent depreciation of the rupee is said to be deepening the economic crisis. [28]
The World Bank estimates that it takes about 32 days only to get an electrical connection in Pakistan. [ 6 ] The Federal Bureau of Statistics provisionally valued this sector at Rs.215,662 million in 2005 thus registering over 62% growth since 2000.
In the first four years of the twenty-first century, Pakistan's KSE 100 Index was declared the best-performing stock market index in the world by the international magazine "Business Week". [47] [citation needed] The stock market capitalization of listed companies in Pakistan was valued at $5,937 million in 2005 by the World Bank. [48]
The population of returning expatriates from the Americas, who often have excellent credentials, has increased significantly due to new job opportunities in Pakistan. [68] Many of these returnees can be found in major cities such as Karachi, Lahore, Rawalpindi/Islamabad, Faisalabad, and Peshawar, as well as in smaller cities and towns like Sialkot.
During that period economy of Pakistan remained in poor shape and Pakistan had to go to IMF again for record third in the period of Bhutto government. [3] As per few sources, this was the most corrupt government in the history of Pakistan. This time Pakistan got an amount of US$294,690 (equivalent to $589,251 in 2023) on 13 December 1995. [3]
The CPEC project emphasizes major upgrades to Pakistan's aging railway system, including the reconstruction of the entire Main Line 1 railway between Karachi and Peshawar by 2020. [156] This railway currently handles 70% of Pakistan Railways traffic. [157] As of 25 May 2022, the project is stalled due to China's reluctance to provide funds. [158]
Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the fifth-most populous country, with a population of over 241.5 million, having the second-largest Muslim population as of 2023. Islamabad is the nation's capital, while Karachi is its largest city and financial centre.