Explanation

The sugar industry is the second largest agro-based industry in Pakistan after textiles.

It plays a vital role in the rural economy by supporting millions of farmers and employing thousands in sugar mills.

Explanation

Agricultural extension plays a crucial role in boosting agricultural productivity, increasing food security, improving rural livelihoods, and promoting agriculture as an engine of pro-poor economic growth.

Explanation

Explanation

Textiles are Pakistan's biggest export commodity, accounting for a significant portion of the country's total exports.

The industry includes a wide range of products, such as cotton yarn, fabric, garments, and home textiles.

Explanation

•  3.94 is the GDP ratio in Pakistan during 2020-21
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  Minister for Finance Shaukat Tarin said that Pakistan’s GDP growth stood at 3.94 percent against the envisaged target of 2.1 percent,
• remittances made a historic record, and exports would be touching $25 billion in the outgoing fiscal year.
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• Agricultural GDP of Pakistan in 2019: 22.4%
• According to the Economic Survey of Pakistan 2021-22, only 1.77 % of GDP was spent on the education sector in FY2021.
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• Japan had a record-high Defence budget, more than a ceiling of 1% of its GDP in April 2021
• According to GDP per capita report 2021 poorest country in the world is Burundi

Explanation

• Pakistan Exports all except Petroleum
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  The major exports of Pakistan include textiles, leather and sports goods, chemicals, carpets, and rugs.
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  Pakistan also exports significant quantities of rice, sugar, cotton, fish, fruits, and vegetables
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ND9-11-2022

Explanation

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

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

Explanation

In 2023, Pakistan faced a severe balance-of-payments crisis due to rising imports and low reserves.

This caused currency devaluation, inflation, and debt repayment issues—crippling the economy.

Explanation

The Government of Japan has announced that it will provide 2.8 billion Japanese Yen (equivalent to around 20.57 million USD) for the installation of a weather surveillance radar in Multan, Pakistan.

The total project cost is estimated at PKR 6188.759 million, with the Government of Pakistan contributing PKR 600.055 million

Explanation

SIFC: Special Investment Facilitation Council

Formation: 17th June, 2023

Founded by: Shahbaz Sharif

Headquarter: Islamabad

Purpose: Economic revival of Pakistan, attract Foreign Direct Investment