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China lent Pakistan further 700 million dollars to shore up Forex reserves. Pakistan's Consumer price index (CPI) further jumped to 31.5%, the highest annual rate in 50 years. Also Fitch downgrades Pak's sovereign credit rating from CCC+ to CCC-. The New York-based ratings agency warned that a default could be a "real possibility".
2024 Azad Kashmir protests. The 2024 Azad Kashmir protests were a series of six day long protests, sit-ins, shutter-downs, demonstrations and wheel-jam strikes starting on 8 May against the Federal Government of Pakistan and the Government of Azad Kashmir, calling for lower prices for wheat, flour, and electricity, in addition to other demands.
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.
In 1964, the first official television station began broadcasts in Lahore, followed by Dhaka in 1965. Rawalpindi-Islamabad and Karachi centers were established in 1965 and 1966, respectively. Peshawar and Quetta centers followed by 1974. Initially under Television Promoters Company (TPC) in 1966, it was upgraded to Pakistan Television Corp in 1967.
2023. Jacksonville Jaguars, Fulham F.C., Flex-N-Gate LLC, Toronto Four Seasons, All Elite Wrestling. [1] 2. Mian Muhammad Mansha. $5 billion. 2023. Nishat Group, Nishat Hotels, Nishat Hyundai Motors Plant in Faisalabad, MCB Bank, DG Khan Cement, owner of Emporium Mall, Adamjee Group, Nishat Chunian Group Textile Mills. [2]
According to the Pakistan-based NGO, Society For Conservation and Protection of The Environment (SCOPE), about one-half (50.8%) of rural households in Pakistan are landless, while 5% of the country's population owns almost two-thirds (64 percent) of its farmland. (The World Bank found that according to 2000 agricultural census 63.3% of rural ...
Poverty in Pakistan. Poverty in Pakistan has been recorded by the World Bank at 39.3% using the lower middle-income poverty rate of US$ 3.2 per day for the fiscal year 2020–21. [1] In September 2021, the government stated that 22% percent of its population lives below the national poverty line [2] set at Rs. 3030 (US$10) per month.
However, due to the sharp deterioration in India-Pakistan relations, the pipeline is currently changed to be used only by Iran and Pakistan. Pakistan is also planning the Turkmenistan–Afghanistan–Pakistan–India pipeline. Pakistan started importing discounted Russian oil in June 2023 to prevent energy price hikes caused by the economic ...
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