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Pakistan Security Printing Corporation was established in 1949 for the printing of securities including currency notes for the federal government. [ 1 ] In 1995, Pakistan Security Printing Corporation formed a joint venture with SICPA to form SICPA Pakistan with a production facility in Karachi .
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.
US dollar-Pakistani rupee exchange rate. Between 1948 and July 1955, the Pakistani rupee was effectively pegged to the U.S. dollar at approximately Rs.3/31 per U.S. dollar. Afterwards, this was changed to approximately Rs.4/76 per U.S. dollar, a devaluation of 30%, to match the Indian rupee's value. [30]
Associated Press of Pakistan (APP) (Urdu: مشارکتِ مطبع ، پاکستان) is a government-operated national news agency of Pakistan. [ 2 ] [ 3 ] [ 4 ] APP has News Exchange Agreements with 37 Foreign News Agencies and has "around 400 editorial staff including around 100 Correspondents at the District and Tehsil levels".
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 Express Tribune is a daily English-language newspaper based in Pakistan.It is the flagship publication of the Lakson Group media group. [1] It is Pakistan's only internationally affiliated newspaper in a partnership with the International New York Times, the global edition of The New York Times.
Operating profit, which the company defines as core profit before cost of employee stock-options, was at 2.19 billion rupees for the quarter ended Dec. 31 compared with 310 million rupees a year ago.
Muhammad Ali Jinnah, founder of the Dawn newspaper. Dawn began as a weekly publication, based in New Delhi. [1] Under the instruction of Jinnah, it became the official organ of the All India Muslim League in Delhi, and the sole voice of the Muslims League in the English language, reflecting and espousing the cause of Pakistan's creation.