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“The independents have contacted us and they will join any party in the next 72 hours as per the Constitution,” the former finance minister told Geo News today as results continue to pour in.
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.
24 Digital (Urdu: ٢۴ ڈیجیٹل) is an Urdu language current affairs news television channel based in Lahore, Pakistan, and launched in 2015. [ 1 ] [ 2 ] The channel is owned by Mohsin Naqvi who is the founder of City News Group.
The key currency generally refers to a world currency, which is widely used for pricing, settlement, reserve currency, freely convertible, and internationally accepted currency. Cross rate: After the basic exchange rate is worked out, the exchange rate of the local currency against other foreign currencies can be calculated through the basic ...
2022 Pakistan floods in summer cause over $30 billion dollars in economic losses in Pakistan. [43] At the end of March 2022, the State Bank of Pakistan's reserves stood at $11.425bn, but they gradually tanked to an almost four-year low of $6.715bn on 2 December. Pakistan's foreign exchange reserves equal to just five weeks of merchandise ...
The table below lists each party that either received a share of the vote higher than 0.5% in the 2018 Pakistan general election or had representation in the 15th National Assembly of Pakistan. Political parties are ordered by their vote share in the 2018 elections.
2008 was termed a disastrous year for the rupee after the elections: between December 2007 and August 2008, it lost 23% of its value, falling to a record low of Rs.79/20 against the US dollar. [31] The major reasons for this depreciation were huge current and trade accounts deficits that had built up since the credit boom in Pakistan after 2002.
A leading recipient of US military assistance, Pakistan expects to receive approximately $20 billion since 2001 a combination of reimbursement to Pakistan and training programs for the Pakistan counter-terrorism units. However, Pakistan claimed the US has not compensated as much as half of that money, but has only claimed so in the media. [177]