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Philippine exports to Pakistan are valued at about US$28.8 million in 2006. Pakistan-Philippines Business Council was created to promote trade and investment opportunities between the two countries. [6] In 2021 Pakistan exports to the Philippine were valued at about US$142.3 million, and the Imports were valued at US$74.4 million. [7]
While the history of the Pakistani Nation according to the Pakistan government's official chronology started with the Islamic rule over Indian subcontinent by Muhammad bin Qasim [1] which reached its zenith during Mughal Era. In 1947, Pakistan consisted of West Pakistan (today's Pakistan) and East Pakistan (today's Bangladesh).
Silver coins were minted in denominations of 8 real ($1) and 4, 2, 1 and 1 ⁄ 2 real. Gold coins came in denominations of 8 escudos ( $16 ) and 4, 2, 1 and 1 ⁄ 2 escudos. Small change was also made by cutting a whole $1 coin, most commonly into eight wedges each worth one Spanish real .
In reaction to Pakistan's new nuclear capacity, the United States in 1992 passed the Pressler Amendment approving sanctions against Pakistan, [78] Relations would restrengthen following 9/11 with Pakistan's warm response following the tragedy. Aid was given to Pakistan for the first time again in 2002, and the 2000s saw an extension of this ...
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 2008, there were an estimated 1,500 [2] Filipinos in Pakistan according to the statistics of the Philippine government. Many Filipinos came to Pakistan for work and those who later married Pakistani men are now holding Pakistani citizenship. [3] Pakistan comparatively has experience good immigration rate from Philippines despite security issues.
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 inflation rate in Pakistan has averaged 7.99 percent from 1957 until 2015, reaching an all-time high of 37.81 percent in December 1973 and a record low of -10.32 percent in February 1959. Pakistan suffered its only economic decline in GDP between 1951 and 1952. [3]