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2022 Pakistan floods in summer cause over $30 billion dollars in economic losses in Pakistan. [26] 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 2 December. Pakistan's foreign exchange reserves equal to just five weeks of merchandise ...
The Pakistan (Monetary System and Reserve Bank) Order, 1947 was issued on 14 August 1947, by the Governor General of pre-partition British India, following the advice of an expert committee. [4] It designated the Reserve Bank of India (RBI) as the temporary monetary authority for both India and Pakistan until 30 September 1948. [4]
The Internet in Pakistan has been available since the early 1990s. Pakistan has over 140 million internet users, making it the 7th-largest population of internet users in the world. [1] [2] Information and communications technology (ICT) is one of the fastest growing industries in the country. In 2001 just 1.3% of the population used the Internet.
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Karachi is the largest city in Pakistan and the 12th largest in the world, with a population of over 20 million. It is a metropolitan city and a beta-global city, with a rich history, diverse culture, and a major seaport.
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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]
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