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The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float. As a result, the rupee devalued by 38.5% between 1982–83 and 1987–88 and the cost of importing raw materials increased rapidly, causing pressure on Pakistani finances and damaging much of the industrial base.
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The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
In 1958, for the first time, Pakistan went to IMF for bailout. For this, IMF lent out US$25,000 (equivalent to $272,463 in 2024) [originally the loan-amount is given in SDR; [4] for this article it is considered to be 1SDR = 1USD] to Pakistan on standby arrangement basis on 8 December 1958. [3] Pakistan again went to IMF in 1965.
The Pakistani 75 Rupee Commemoration Notes are Commemorative denominations of Pakistani Rupee issued by the State Bank of Pakistan(SBP).The Green Coloured 75 Rupee Note was released on 17th August 2022 marking the 75th Independence Anniversary of Pakistan, featuring key figures in the nation's history to commemorate their "struggles" for the country.
The Benazir Income Support Programme was established in 2008 by Yousaf Raza Gillani who took the advice of President Asif Ali Zardari.The program's name is a tribute to former Prime Minister and wife of President Asif Ali Zardari, Benazir Bhutto, who was assassinated in 2007.
Pakistan Security Printing Corporation was established in 1949 for the printing of securities including currency notes for the federal government. [1]In 1995, Pakistan Security Printing Corporation formed a joint venture with SICPA to form SICPA Pakistan with a production facility in Karachi.
Bazm-e-Tariq Aziz (Urdu: بزم طارق عزیز), formerly Nilaam Ghar (Urdu: نیلام گھر) and Tariq Aziz Show (Urdu: طارق عزیز شو), was a quiz-format game show hosted by Tariq Aziz on Pakistan Television (PTV) which started in 1975 and lasted for a few decades.