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The 34th Light Infantry Division, also known as Special Security Division (SSD), is a 2-star Pakistan Army formation, raised in September 2016 as a response to major concerns over how to protect the China-Pakistan Economic Corridor (CPEC) and its workforce from serious internal and external threats.
The Corporate sector of Pakistan (otherwise attributed as the Corporatization; or/ simply referred to as the Pakistan Inc.) is an elite business sector expanded in financial cities of Pakistan, and a policy measure programme in the economic period of Pakistan.
The older Gilgit Scouts was raised by British India in 1913 to defend the princely state of Jammu and Kashmir's northern frontier. In August 1947, the Scouts along with rebels in the Jammu and Kashmir State Forces, switched allegiance to Pakistan and fought on the northern front of the Indo-Pakistani War of 1947–1948, conquering important places such as Skardu, Kargil and Drass (the latter ...
After independence, the State Bank of Pakistan was established as the central bank of the country, with its headquarters in Karachi. Prior to independence, the Reserve Bank of India acted as the central bank for what became Pakistan. Under pressure from the International Monetary Fund, Pakistan implemented economic reforms in the late 1990s. [1]
China lent Pakistan further 700 million dollars to shore up Forex reserves. [49] Pakistan's Consumer price index (CPI) further jumped to 31.5%, the highest annual rate in 50 years. [50] Also Fitch downgrades Pak's sovereign credit rating from CCC+ to CCC-. The New York-based ratings agency warned that a default could be a "real possibility". [51]
The Pakistan Army (Urdu: پاکستان فوج, romanized: Pākistān Fãuj, pronounced [ˈpaːkɪstaːn faːɔːdʒ]), commonly known as the Pak Army (Urdu: پاک فوج, romanized: Pāk Fãuj), is the land service branch and the largest component of the Pakistan Armed Forces. The president of Pakistan is the supreme commander of the army.