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Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [64]
Internal view of a solar inverter. Note the many large capacitors (blue cylinders), used to buffer the double line frequency ripple arising due to single-phase ac system.. A solar inverter or photovoltaic (PV) inverter is a type of power inverter which converts the variable direct current (DC) output of a photovoltaic solar panel into a utility frequency alternating current (AC) that can be ...
The Government of Pakistan allowed the provincial government of Sindh to conduct feasibility research. The government planned to install a desalination plant powered by solar energy. [6] On 21 May 2022, Prime Minister Shehbaz Sharif announced the removal of 17 per cent general sales tax on solar panels. [7]
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]
This is a list of richest monarchs and family members, as estimated by forbes.com in 2015, [1] Business Insider in 2018, [2] and the CEOWORLD magazine in 2019. [3] The evaluations are based on their personal net worths, excluding properties held by the State, Government or Crown, and all of the figures are in U.S. dollars.
Rawalpindi Golf Course was completed in 1926 by Rawalpindi Golf Club, one of the oldest golf clubs of Pakistan. The facility was initially developed as a nine-hole course. After several phases of development, it is now a 27-hole course and the biggest in Pakistan. [104]
The paper also reports that Pakistan received the most aid out of all the countries in Southern Asia, with India just behind receiving $589 million in 2015. The biggest part of the aid to Pakistan was given for basic education. Out of the total $649 million, $371 million or 57.16 per cent was given for basic education. [1]
At the time of the independence of Pakistan in 1947, Akbar Khan was a member of the sub-committee involved in the division of the armed forces between India and Pakistan. Akbar Khan's own book Raiders in Kashmir [ 7 ] (National Book Foundation, Pakistan, 1975) gives a thorough account of his role in the Pakistani attack on Maharaja Hari Singh's ...