Explanation

In fiscal year 2024 (FY24), Pakistan received approximately USD 1.9 billion in foreign direct investment (FDI), marking a 17% year-on-year increase from FY23.

China was the largest investor, contributing around USD 568 million—about 30% of the total FDI—followed by Hong Kong (USD 359 m) and the UK (USD 268 m).

Explanation

The main sectors that benefitted from the GSP+ have been textile and garments.

This besides earning foreign exchange for the country.

It provided employment opportunities, especially to women.

The European Union (EU) has granted Pakistan the status of GSP (Generalized System of Preferences) Plus.

It allows Pakistan to export certain products to the EU market at preferential tariff rates.

This status is granted to developing countries that meet certain criteria.

It aims to promote economic development and reduce poverty.

Explanation

• China Pakistan Economic Corridor is a framework for regional connectivity. CPEC  not only benefits China and Pakistan, but also has a positive impact on Iran, Afghanistan, the Central Asian Republic, and the region.
  
• CEPAC Established in 22 May 2013 (9 years ago)
• Budget China Development Bank
• Asian Infrastructure Investment Bank
• Silk Road Fund

Explanation

• The Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, also known as the Trans-Afghanistan pipeline, is a natural gas pipe developed by  Galkynysh – TAPI Pipeline Company Limited with the participation of the Asian Development Bank.
  
• It is a line.  The pipeline transports natural gas from the Garkinish gas field in Turkmenistan via Afghanistan to Pakistan and then to India. 
• Construction of the project will begin in Turkmenistan on  December 13, 2015, 
• work on the Afghanistan section will begin in February 2018, and work on the Pakistan section will begin in December 2018.
  

Explanation

According to the Economic Survey of Pakistan 2022-23, wheat production was recorded at 27.63 million tonnes in FY 2023.

This production level reflects challenges in the agriculture sector, affecting food security and export potential.

Explanation

On 3 July 2019, International Monetary Fund (IMF) approved a three-year, $6 billion loan "to support Pakistan’s economic plan.

On July 3, 2019, IMF approved a 39-month extended arrangement under the EFF for Pakistan 

ND12_8_2023

Explanation

According to the Economic Survey 2023-24, Pakistan's per capita income increased to $1,680, up from $1,551 the previous year. 

This 8.3% rise was attributed to improved economic activity and a stable exchange rate.

Explanation

Usher and Khums are Two kinds of Tax in Islam

"Usher" means: one-tenth 

Khums means "one-fifth or 20%"

ND28-4-2023

Explanation

 Punjab has established 10 Special Economic Zones. 

The 10 SEZs in Punjab include

1. JW China-Pakistan SEZ,
2. Allama Iqbal Industrial City,
3. Rahim Yar Khan Industrial Estate,
4. Bhalwal Industrial Estate,
5. Vehari Industrial Estate,
6. Rachna Industrial Park
7. M3 Industrial City
8. Value Addition City
9. RYK Industrial Estate
10. Quaid-e-Azam Business Park

Explanation