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This fixed exchange rate was maintained until 11 May 1972, in which the rupee was devalued to Rs.11/- per dollar. Initially, the Indian and Pakistani rupees were at parity until sterling was devalued in 1949, in which India followed suit but Pakistan did not. This caused the Pakistani rupee to be valued at a 44% premium to the Indian rupee ...
Poverty may therefore also be defined as the economic condition of lacking predictable and stable means of meeting basic life needs. The first table lists countries by the percentage of their population with an income of less than $2.15 (the extreme poverty line), $3.65 and $6.85 US dollars a day in 2017 international ( PPP) prices.
In probability theory, the coupon collector's problem refers to mathematical analysis of "collect all coupons and win" contests. It asks the following question: if each box of a given product (e.g., breakfast cereals) contains a coupon, and there are n different types of coupons, what is the probability that more than t boxes need to be bought ...
2022 Pakistan floods in summer cause over $30 billion dollars in economic losses in Pakistan. 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 2nd December. Pakistan's foreign exchange reserves equal to just five weeks of merchandise imports.
During his rule of 3 years still today Pakistani external debt increased from US$75.3 billion to US$110.6 billion an increase of 35.3 billion USD (214 percent). According to a report by the International Monetary Fund, Pakistani owes China 30% of its $100 billion foreign debt.
Amid these economic dynamics, Pakistan underwent a structural transition. The GDP share of agriculture declined from 53% in 1947 to 21.2% in 2010, while the GDP share of industry rose from 9.6% in 1949–50 to 25.4% in 2010. Additionally, the GDP share of the services sector increased from 37.2% in 1950 to 53.4% in 2010.
Pakistan Railways (reporting mark PR) (Urdu: پاکستان ریلویز) is the national, state-owned railway company of Pakistan with its headquarters in Lahore. Founded in 1861 as the North Western State Railway and headquartered in Lahore, it owns 7,789 kilometres (4,840 miles) of operational track across Pakistan, stretching from Peshawar to Karachi, offering both freight and passenger ...
Rainbow flags filled the streets of Bangkok on Saturday at the start of Pride Month as Thailand inches closer to recognising same-sex marriages. "This year's pride parade can be considered one of ...