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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.
In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in ...
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.
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The Pakistan-born, Oxford-educated Khan rose to national celebrity as a cricket star in the 1990s; he captained Pakistan’s team to its first-ever World Cup win in 1992.
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G News Network, commonly known as GNN, is a Pakistani 24-hour news and current affairs channel based in Lahore, Pakistan. It is owned and operated by Gourmet Foods. [1] It was launched in 2005 as CNBC Pakistan under a license from CNBC Asia Pacific. It was then owned by Vision Network Television Limited. [2]