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In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in January.
In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. As of April 2015, Pakistan's exports stand at US$29 billion. List of trading partners
In September 2020, RetailMeNot was in early talks with potential buyers, with a target price of between $500 and $600 million. On September 29, 2020, J2 Global, Inc.—a leading internet information services company—announced it entered into a purchase agreement to acquire RetailMeNot from Vericast for approximately $420 million.
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]
Mint. Pakistan Mint. Valuation. Inflation. 35.37% (2023) 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.
The S&P 500, an index composed of the biggest publicly traded companies in the U.S., hit another all-time high this week. And in an unusual twist, it has been financial stocks at the forefront of ...
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