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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 Pakistan Stock Exchange ( Urdu: بازارِ حِصَص پاکستان, abbreviated as PSX) is a stock exchange in Pakistan with trading floors in Karachi, Islamabad, and Lahore. The Lahore floor has a subfloor in Sialkot. [4] [5] PSX was classified by MSCI as a frontier market on 8 September 2021. [6]
KIBOR. The Karachi Interbank Offered Rate ( KIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market. [1] The banks used it as a benchmark in their lending to corporate sector.
Karachi the economic capital of Pakistan. 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. [68]
The KSE-100 is a capitalisation-weighted index and consists of 100 companies representing about 90 percent of market capitalisation of the Exchange. In 1995, the need was felt for an all share index to reconfirm the KSE-100 and also to provide the basis of index trading in future. On August 29, 1995, the KSE all share index was constructed and ...
Pakistan International Airlines Flight 8303 was a scheduled domestic flight from Allama Iqbal International Airport in Lahore to Jinnah International Airport in Karachi, Pakistan. On 22 May 2020, the Airbus A320 crashed into Model Colony , a densely populated residential area of Karachi only a few kilometres from the runway, while on a second ...
In June 2019, Pakistan Navy received first two MABs from Polish shipbuilder, Techno Marine under the Transfer of Technology agreement. Remaining MABs are built in Pakistan. MRTP-33/35 Fast patrol craft: 2 Turkey: PNS Zarrar PNS Karrar: 120 tons Few more MRTP-33 or MRTP-35 crafts are planned: Larkana-class Gun boat: 1 Pakistan: PNS Larkana: 180 tons
History of Karachi. The area of Karachi ( Urdu: کراچی, Sindhi: ڪراچي) in Sindh, Pakistan has a natural harbor and has been used as fishing port by local fisherman belonging to Sindhi tribes since prehistory. Archaeological excavations have uncovered a period going back to Indus valley civilisation which shows the importance of the ...