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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.
Karachi the economic capital of Pakistan. Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [65]
I. I. Chundrigar Road, Serai Quarter, Karachi-74000, Pakistan: Established: 7 January 1948; 76 years ago () Ownership: 100% state ownership [1] Governor: Jameel Ahmad: Central bank of Pakistan: Currency: Pakistani rupee (₨) PKR Reserves: $9.120 billion (May 2024) [2] Reserve requirements: 6.00% [3] Bank rate: 15% [4] Interest rate target: 16. ...
The Pakistan rupee, which plumbed record lows on Sept. 5, recovered to below 300 per U.S. dollar on the open market earlier this week, rallying more than 10% from levels prevailing before the ...
Currency: Pakistani rupee ... is a stock exchange based in Karachi, Pakistan. ... rising from slightly more than one million rupees before 1990 to approximately 40 ...
Pakistan qualified for the popular MSCI Emerging Markets Index in May 2017, an upgrade from Morgan Stanley Capital International's (MSCI) Frontier Market (FM) index. [ 17 ] On 25 May 2017, the KSE-100 index reached the all-time high of 53,124 points, later it tanked to 37,919 points in a matter of seven months.
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 ...
In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]