Tuesday, August 13, 2019
Saturday, August 10, 2019
Friday, August 09, 2019
Wednesday, August 07, 2019
Friday, June 21, 2019
Thursday, June 06, 2019
How much was 1 USD to PKR in 1947 ?
This is a popular outrage these days on Social Media that how the Pakistan Rupee was equal to 1 US dollar on 14th, August 1947. Unfortunately, it
is not correct. Exchanging 1 USD to PKR in 1947 would not have got you 1
Rupee exactly. In 1947 when Pakistan got its independence, there were no
outside borrowings on the balance sheet of Pakistan thus the value of Pakistan Rupee was at parity with US Dollar. Since Pakistan was under British rule
Rupee was pegged to British Pounds.
Dollar and Rupee were never equal, nor in 1947, neither in any other century. When Pakistan got independence in 1947, it’s currency was pegged to Pound. The exchange rate was a shilling and six-pence for a Rupee and when you convert it, it works out to be around 13.33/Pound Sterling. So at the time of Pakistan’s independence, 1 GBP to PKR was equal to 13.33 Pakistan Rupees. One British Pound in 1947 was equal to 4.03 US Dollars and comparatively, 1 USD to PKR in 1947 was equal to Rs 3.31.
PKR Against US Dollar (1947 - 2025)
PKR Against British Pound (1947 - 2025)
* Updated till June 15th, 2025
Thursday, December 20, 2018
Commemorative Coin - International Anti-Corruption Day (50 Rs)
The State Bank of Pakistan (SBP) on December 10th, 2018 issued Rs. 50 commemorative coin with regard to International Anti-Corruption Day.
Commemorative Coin - Sir Syed Ahmad Khan (50 Rs)
Sir Syed Ahmed Khan was a renowned author, educationist and Muslim
reformer of 19th Century, who laid the foundation of Muslim renaissance
in Indo Pak sub-continent, which ultimately led to the creation of
Pakistan in 1947.
On 17th October 2017 the 200th birth anniversary of Sir Syed Ahmed Khan was celebrated. On this occasion, in order to recognize meritorious services rendered by Sir Syed Ahmed Khan towards the welfare of Muslims of South Asia, the Federal Government authorized the State Bank of Pakistan to issue Rs. 50 Commemorative Coin.
On 17th October 2017 the 200th birth anniversary of Sir Syed Ahmed Khan was celebrated. On this occasion, in order to recognize meritorious services rendered by Sir Syed Ahmed Khan towards the welfare of Muslims of South Asia, the Federal Government authorized the State Bank of Pakistan to issue Rs. 50 Commemorative Coin.
Thursday, August 23, 2018
Tuesday, May 22, 2018
Commemorative Coin - Dr. Ruth Pfau (50 Rs)
Keeping in view the meritorious services rendered to humanity in general and Pakistanis in particular, the Federal Government issued a Commemorative Coin of Rupees 50 in memory of late Dr. Ruth Pfau on May 9th, 2018.
Dr. Ruth Katherina Martha Pfau was an emblem of devotion, commitment and service to the most neglected, if not rejected, people of the society: lepers. Her untiring efforts brought the leprosy under control and Pakistan became the first country in Asia to earn this status. Dr. Ruth's contribution to the society was gratefully acknowledged by the people and state during her life time. She was awarded Hilal-e-Imtiaz, Nishan-e-Quaid-e-Azam and Hilal-e-Pakistan. Furthermore, her mortal remains were wrapped in the national flag in her final journey, besides being accorded state funeral, an honor reserved for the rarest of the rare.
The approval was given by the cabinet meeting held on November 9, 2017, hence year 2017 is marked on the coin instead of 2018.
Dr. Ruth Katherina Martha Pfau was an emblem of devotion, commitment and service to the most neglected, if not rejected, people of the society: lepers. Her untiring efforts brought the leprosy under control and Pakistan became the first country in Asia to earn this status. Dr. Ruth's contribution to the society was gratefully acknowledged by the people and state during her life time. She was awarded Hilal-e-Imtiaz, Nishan-e-Quaid-e-Azam and Hilal-e-Pakistan. Furthermore, her mortal remains were wrapped in the national flag in her final journey, besides being accorded state funeral, an honor reserved for the rarest of the rare.
The approval was given by the cabinet meeting held on November 9, 2017, hence year 2017 is marked on the coin instead of 2018.
Subscribe to:
Posts (Atom)