Explanation

The GSP+ status provided 66% relief on tariffs for Pakistani goods.

This allowing easier access to European markets by reducing trade barriers.

Explanation

Bearish

The bear market phenomenon is believed to have been named after the way bears attack their prey, that is, how they turn their legs down. For this reason, the market where stock prices are declining is called the bear market.

Explanation

 Agriculture constitutes the largest sector of our economy.

The majority of the population, directly or indirectly, is dependent on this sector.

AGM 02.05.2023

Explanation

PIDC stands for Pakistan Industrial Development Corporation

PIDC is a state corporation of Pakistan working under the Ministry of Industries and Production.

It was established in 1952. 

PIDC's Subsidiary: Pakistan Gems and Jewellery Development Company

Explanation

The first round of talks between Pakistan and the International Monetary Fund (IMF)

held in the federal capital on Tuesday

to strike a staff-level agreement on the ninth review under the $7 billion Extended Fund Facility (EFF)

ND7-5-2023

Explanation

Explanation

پاکستان میں معدنی دولت سے مکمل فائدہ نہ اٹھانے کی کئی وجوہات ہیں جیسے بار بار حکومت کی تبدیلی، سرمائے اور ماہریں کی کمی، اور حکومت کی غلط پالیسی۔

ان تمام وجوہات کی بنا پر پاکستان اپنی معدنی دولت سے بھرپور استفادہ نہیں کر سکا۔

Explanation

Pakistan is the fifth-largest producer of cotton globally, following China, India, Brazil, and the United States. 

In the 2024/2025 period, Pakistan's cotton production is projected at 5 million 480-pound bales, accounting for approximately 4% of global production. 

Explanation

Inflation Defined:

Inflation is the sustained increase in general price levels, reducing purchasing power.

Impact on Pakistan:

Rising Costs: Essential goods (food, fuel) become more expensive, straining households.

Economic Strain: Businesses face higher input costs, leading to slower growth and unemployment.

Currency Depreciation: High inflation often weakens the rupee, worsening imports.

Explanation

Top Importer of Pakistan fiscal year (2020-21)

1.           China

2.           United Arab Emirates (UAE)

3.           Singapore. 

Petroleum is the largest-import item of Pakistan