The Federal Finance Ministry has said that over Rs 1.167 trillion worth of currency notes were printed during the four years of the present government.
The Finance Ministry in a written reply to a question in the National Assembly Friday said that over Rs 1.167 trillion worth of currency notes were printed during the last four years, of which, the maximum amount of more than Rs 650 billion was of Rs 1,000 notes, while of Rs 7 billion of Rs 5, Rs 27 billion of Rs 10 and Rs 14 billion of Rs 20, Rs 30 billion of Rs 50, Rs 92 billion worth of Rs 100 notes. The reply further said that Rs 216 billion worth of Rs 500 notes, while the highest amount currency notes of Rs 5,000 were printed worth of Rs 102 billion.
what is output of Dr sheikh?
40b$ loan in 04 years
Pakistan's debt to GDP ratio is 55% of GDP(World Bank statistics). Whereas Canada's debt to GDP ratio is 64% of GDP, USA 99% of GDP, Greece 135%! of GDP. UK 400% of GDP. Still Pakistan is away from bankruptcy, notwithstanding propagenda of certain elements. These r confirmed WorldBank statistics.
THAT IS THE REASON TO INCREASE THE INFLATION RATE IN PAKISTAN.
THIS SHOW THE BAD GOVERNANCE IN THE LAST FOUR YEARS. MOST OF THE DEVELOPED COUNTRY CONTROL THE INFLATION RATE AND IN PAKISTAN VICE VIRSA
Due to highest rate of courption in our country is the main reason of inflation and currency printing notes
That's almost six times the current (nominal) GDP. Pakistani Rs. has to be over valued right now. Correction is not a matter of 'whether', it's a matter of 'when'…
You r wrong. Not six times. 1.167 trillion=1167 billion converted US$ it is approximately US$13 billion. While Pakistan's GDP(nominal) is US$ 202 billion. So, actually it one-fifteenth 1/15th of Pakistan's GDP(nominal). So, ur knowledge about Pakistan's economy is awefully wrong. Sorry to say that, but facts r facts.
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