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Pakistan Mint. Valuation. Inflation. 11.8% (May 2024) 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.
State Bank of Pakistan. The Pakistani 5-rupee coin ( Rs. 5) is a denomination of the Pakistani rupee. [ 1] The 5-rupee coin is an alloy comprising 79 percent copper, 20 percent zinc, and 1 percent nickel. [ 2][ 3] It weighs 3 grams and measures 18.5 mm in diameter. [ 2][ 3]
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.
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 KSE-100 Index is a stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period. [ 1] In determining representative companies to compute the index on, companies with the highest market capitalization are selected. However, to ensure full market representation, the company with the highest market ...
Rs. 38.95 billion (US$130 million) [1] (2022) Parent. Saigol Group. Website. www .pel .com .pk. Pak Elektron Limited ( PEL) ( پاک الیکٹران لمیٹڈ) is a Pakistani engineering corporation which manufactures major home appliances and electrical equipment. [2] PEL operates in two segments - power and appliances. The former includes ...
In fact, the monthly mortgage payment for homeowners who bought in 2022 and 2023 was $2,100, the Fed found, while those who bought earlier than that are only paying $1,400 a month. Still, newer ...
Pakistan State Oil (PSO) Pakistan State Oil ( Urdu: پاکستان ریاستی تیل) is a Pakistani petroleum corporation involved in marketing and distribution of petroleum products. [4] It has a network of 3,689 petroleum filling stations, out of which 3500 outlets serve the public retail sector and 189 outlets serve wholesale bulk customers.