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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.
During this period, Pakistan faced a worsening trade balance, with deficits increasing from −831 million Rupees in 1950/51 to −1043 million Rupees in 1959/60. Economically, agriculture grew at an annual rate of 1.6%, while manufacturing expanded impressively at 7.7% per annum during the 1950s.
The template supports inflation calculation, by way of {{}}.If the second parameter is used, to specify a year, and this year is within a certain range of available inflation data (specifically, if 1960 ≤ year < 2021), the equivalent value represented in 2021 rupee will be calculated in parentheses.
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 January.
The line spans 27.1 km (16.8 mi) with 25.4 km (15.8 mi) elevated and 1.72 km (1.1 mi) underground and have a cost of 251.06 billion Rupees ($1.6 billion). [16] The line consists of 26 subway stations and is designed to carry over 250,000 passengers daily.
Each car has a nominal capacity of 200 seated and standing passengers at an average density of 5 persons per square metre with 20% of passengers seated and 80% standing. [22] A total of 27 trains with 135 cars have been ordered for the system, [23] at a cost of $1 billion. [24] A total of 54 trains are expected to be in service by 2025. [24]
Pakistan Railways (Urdu: پاکستان ریلویز; reporting mark: PR) is the state-owned railway operator in Pakistan.Founded in 1861 as the North Western State Railway and headquartered in Lahore, it owns 7,789 kilometres (4,840 miles) of operational track across Pakistan, stretching from Peshawar to Karachi, offering both freight and passenger services, covering 482 operational stations ...
The rupee coin has been used since then, even during British India, when it contained 11.66 g (1 tola) of 91.7% silver with an ASW of 0.3437 of a troy ounce [19] (that is, silver worth about US$10 at modern prices). [20] Valuation of the rupee based on its silver content had severe consequences in the 19th century, when the strongest economies ...
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