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PPP

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PPP

Purchasing Power Parity
The theory stating that, in an efficient market, the exchange rate of two currencies results in equal purchasing power. That is, if one pound is worth two dollars, one pound in England should buy the same amount in goods and services that two dollars can buy in the United States. Fixed exchange rates, taxes, and other inefficiencies are thought to disrupt purchasing power parity. Some theorists believe the idea holds most true when comparing countries or regions with similar standards of living.


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ISLAMABAD, November 19, 2009 (Balochistan Times): PPP has nominated Syed Mehdi Shah as chief minister of Gilgit-Baltistan.
ISLAMABAD, November 19, 2009 (Frontier Star): PPP has nominated Syed Mehdi Shah as chief minister of Gilgit-Baltistan.
Byline: ANI Islamabad, Oct 19 (ANI): PML-Q Secretary General Mushahid Hussain Syed has said that manipulation by the ruling PPP would weaken and undermine Pakistan's case on Kashmir.
 
 
 
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