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Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive external borrowings by the country over the years raised the spectre of ...
Pakistan Services Limited was founded as a state-owned company in 1958. Later, it came under the ownership of Haroon family. [2]The first Pearl-Continental Hotel in Karachi was inaugurated by President Muhammad Ayub Khan on 10 May 1964 and was the first five-star hotel in Pakistan which hosted various prominent figures from across the globe including Queen Elizabeth II, Nelson Mandela, and ...
The high performance supercomputing program started in mid-to-late 1980s in Pakistan. [1] Supercomputing is a recent area of Computer science in which Pakistan has made progress, driven in part by the growth of the information technology age in the country. Developing on the ingenious supercomputer program started in 1980s when the deployment ...
Information technology in Pakistan is a growing industry that has the potential to expand more in the future. Matters relating to the IT industry are overseen by the Ministry of Information Technology of the Government of Pakistan. [1][2][3] The IT industry is regarded as a successful sector of Pakistan economically, even during financial ...
Pakistan, in 2022, had a (GDP nominal) of around US$377 billion and (GDP PPP) of around US$1.512 trillion, according to trading economics. [1] This value can be further divided into the unit levels (GSP), providing an outlook of how much value each unit contributes to the national GDP. Pakistan has traditionally followed a "top-down" approach ...
Hashoo Group was established in 1960 as Hassan Ali & Company, a commodities trading company based in Karachi Port. By the 1970s, it had become one of Pakistan's largest trading companies. However, in 1972, the Government of Pakistan nationalized cotton and rice exports leading the Hashoo Group to diversify into the hospitality sector.
Pakistan. Owner. Government of Pakistan. Number of employees. 9,350 (2020) Website. www.paksteel.com.pk. The Pakistan Steel Mills Corporation, [2][3] colloquially referred to as Pak Steels, is a Pakistani state-owned company that produces long-rolled steel and heavy metal products in the country. [4]
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]