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More recently, however, internal political disputes and low levels of foreign investment have led to slower growth and underdevelopment in the country. Despite resuming an agreement with the IMF and receiving a favourable appraisal from the institution, economists note Pakistan has remained stuck in a low-income, low-growth cycle, with growth averaging about 3. These issues restrict economic growth needed to create jobs for a growing and urbanising population, more than half of which is under adult age. It has also held talks on agreements with both the EU and the U. In , the government of the Raj established a central bank, the Reserve Bank of India in Calcutta, which had the responsibility of issuing banknotes. FXCM will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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