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The Bangladesh Liberation War in 1971 resulted in the secession of East Pakistan as the People's Republic of Bangladesh. Pakistan (formerly West Pakistan) recognized Bangladesh in 1974. [4] Today, bilateral relations between Bangladesh and Pakistan are considered to be cordial. [citation needed]
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.
Before the Federal Flood Commission was established in 1977, the provincial governments of Pakistan were responsible for flood prevention. After the heavy floods of 1973 and 1976 , the Federal Flood commission (FFC) was established to coordinate anti-flood measures on a nationwide scale.
The floods also caused $30 billion in damages, from which Pakistan is still trying to rebuild. Baluchistan saw rainfall at 590% above average that year, while Karachi saw 726% more rainfall than ...
A Pakistani province has issued a flood alert due to glacial melting and warned of heavy loss of life, officials said Saturday. Experts say Pakistan is experiencing heavier rains than normal 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.
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