Search results
Results from the WOW.Com Content Network
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 United States dollar until the turn of the century when Pakistan's large current account surplus pushed the value of the rupee up against the dollar. The State Bank of Pakistan then stabilized the exchange rate by lowering interest rates and buying dollars, to preserve the country's export ...
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.
The International Monetary Fund (IMF) and Pakistan on Tuesday reached a staff-level agreement that Pakistan had completed reforms required for the release of around $500 million in IMF funds that ...
Data are in millions of international dollars; they were compiled by the World Bank. The third table is a tabulation of the CIA World Factbook GDP (PPP) data update of 2019. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to 2007.
Rs. 10 billion earmarked for PM's Youth Business and Agriculture Loans scheme; Rs. 6 billion subsidy announced on imported urea; Targeted subsidy announced on wheat flour, ghee, pulses and rice; 35% increase in salaries of government servants of grade 1-16 in the form of ad-hoc relief; 30% increase in salaries of government servants of grade 17 ...
In COVID-19 Pandemic (2020) era, despite the global economic impact of the pandemic, India's reserves increased significantly, reaching about $500 billion by mid-2020 due to a combination of lower imports, higher remittances, and inflows of foreign capital. By 2021, India's reserves peaked at around $642 billion in early 2022, marking a record ...
The non-tax income was set around ₨. 800 billion as the government had allocated ₨. 185 billion as energy subsidy. [10] Finance Minister Ishaq Dar maintained that the circular debt amounted to more than ₨. 500 billion was to be eliminated in 60 days. [12] The budget proposes to abolish the ministers' discretionary funds. [12]