Search results
Results From The WOW.Com Content Network
The government orders the closure of all shopping malls and retail markets by 8:30 p.m. daily as part of an energy conservation plan to offset increasing energy prices. 5 January – Pakistan was shaken by a 5.8-magnitude earthquake, according to the National Seismic Monitoring Center, and the tremors were felt in Gilgit, Jhelum, Chakwal ...
In February 2023, a Moody economist predicted that inflation in Pakistan could average 33% in the first half of the year 2023. China lent Pakistan further 700 million dollars to shore up Forex reserves. Pakistan's Consumer price index (CPI) further jumped to 31.5%, the highest annual rate in 50 years.
As of December 2023, Pakistan's total external debt is $131.159 billion. [15] Pakistan owes US$7.541 billion to Paris Club, US$38.813 billion to multilateral donors, US$7.596 billion to International Monetary Fund, and US$7.8 billion to international bonds such as Eurobonds, and Sukuks. [16]
2023–24 Pakistan federal budget. The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxes and expenditure cuts. The budget was accepted the next day.
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
The rupee was worth one shilling and sixpence in sterling in 1947. The US dollar was worth ₹ 3 in 1947 not 1, and ₹ 82.62 in 2023 Notes. The data on exchange rate for Japanese Yen is in per 100 Yen. The end year rate for 1998–99 pertain to March 26, 1999 of Deutsche Mark rate. Data from 1971 to 1991–92 are based on official exchange rates.
One year later, Pakistan again went to IMF for US$861,420 (equivalent to $1,482,271 in 2023) under the extended fund facility on 06 December 2001. In 2008, Yousaf Raza Gillani received the largest-ever US$7.6 (equivalent to $10.76 in 2023) billion loan from the IMF, however a total sum of $4,936,035 had been withdrawn.
2023 Pakistan crackdown. In early September 2023, the Pakistani government under administration of the Pakistan Armed Forces initiated a crackdown targeting both individuals and organizations engaged in various forms of smuggling, with a particular focus on essential commodities such as wheat, sugar, urea, oil, dollars as well as power theft ...