Pakistani Rupee


Also found in: Dictionary, Thesaurus, Acronyms, Wikipedia.

Pakistani Rupee

The currency of Pakistan. It was issued when Pakistan became independent in 1947. Originally, the rupee was divided into 16 annas, which each containing four pice. However, in 1961, it was decimalized and divided simply into 100 pice. Because of inflation, pice have not been issued since 1994. It is a floating currency.
References in periodicals archive ?
Previously Pakistani rupees were used," says Ruhullah Amin, a teacher in the provincial capital Jalalabad.
During the period between May 1, 1990 and June 30, 1990, the Pakistani Rupee has continued to slide aganst the hard currencies in particular Pound Sterling.
The Pakistani rupee fell for a third straight session on Tuesday after the central bank withdrew its support on Friday, effectively devaluing the local currency.
A flexible Pakistani rupee would allow narrowing the current trade deficit.
The direct bank transfer service enables Mashreq Bank customers to perform Pakistani Rupee remittances to any bank account in Pakistan within a short span of time as opposed to the regular remittance transfer in the market which could take up to 2 days.
During the meeting, APTMA Chairman Yasin Siddik urged the Government to provide 10% rebate to textile exporters in order to protect themselves from inventory losses they incurred due to the fast appreciation of Pakistani rupee against the US dollar.
The Pakistani rupee is also under stress due to payments to the IMF.
KARACHI -- Chairman, Association of Builders and Developers, Arif Yousuf Jeewa on Thursday urged the government to control rates of steel bars as the dealers have unjustifiably raised the cost of steel bars after sudden rise in US dollar's valued against Pakistani Rupee.
relationship between the REER and exports in the medium to long term, which suggests that increased Pakistani rupee flexibility would help narrow the trade deficit.
US $ VERSUS PAKISTANI RUPEE EXCHANGE RATES SINCE 1947 TO 2016
Hazrat Omar Zakhilwal regarding the reported ban on the holding of Pakistani rupee in Afghanistan, the statement issued by the ministry said.
The government should work to protect the interest of the textile export sector, which has been sharply hit by sudden appreciation in value of Pakistani rupee against US dollar over the past few months, All Pakistan Textile Mills Association (APTMA) group leader Gohar Ejaz and Chairman Punjab SM Tanveer said during a press conference.