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Foreign exchange reserves, also called Forex reserves, in a strict sense, are foreign-currency deposits held by nationals and monetary authorities.However, in popular usage and in the list below, it also includes gold reserves, special drawing rights (SDRs) and IMF reserve position because this total figure, which is usually more accurately termed as official reserves or international reserves ...
The Cabinet of Pakistan (Urdu: کابینہِ پاکستان, Kābīnā-e-Pākistān) is a formal body composed of senior government officials chosen and led by the Prime Minister. [1] All cabinet members sworn in are designated Minister and are seated at their respective ministries located in the Pakistan Secretariat. The Cabinet Secretary of ...
The Ministry of Foreign Affairs (Urdu: وزارت امورِ خارجہ, Wazarat-e-Kharja, abbreviated as MoFA) is a ministry of the Government of Pakistan tasked in managing Pakistan's diplomatic and consular relations as well as its foreign policy. The MOFA is also responsible for maintaining Pakistani government offices abroad with ...
The Government of Pakistan (Urdu: حکومتِ پاکستان, romanized: hukūmat-e-pākistān) (abbreviated as GoP), constitutionally known as the Federal Government, [a] commonly known as the Centre, [b] is the national authority of the Islamic Republic of Pakistan, a federal republic located in South Asia, consisting of four provinces and one federal territory.
e. The Minister for Foreign Affairs (or simply the Foreign Minister) is the head of the Ministry of Foreign Affairs of the Government of Pakistan. The minister oversees the federal government's foreign policy and International relations. Their responsibility includes representing Pakistan and its government in the international community.
Before independence on 14 August 1947, during the British colonial era, the Reserve Bank of India was the central bank for the then undivided subcontinent. On 30 December 1948 the British Government's commission distributed the Reserve Bank of India's reserves between Pakistan and India—30 percent (750 M gold) for Pakistan and 70 percent for India.
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. Earlier the coins and notes were issued and controlled by the Reserve Bank of India until 1949, when it was ...
e. Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold and silver held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets.