Explanation

The total budget allocated for overseas Pakistanis in the fiscal year 2023-24 was approximately $1,629 million

Explanation

• 99 is it rank of Pakistan in the Global Hunger Index 2022
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• the Global Hunger Index 2022 Pakistan (99), Bangladesh (84), Nepal (81), and Sri Lanka (64)
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• in the 2021 Global Hunger Index, Pakistan ranks 92nd out of 116 countries with sufficient data to calculate 2021 GHI scores.
  
• Somalia was given the least rank on Global Hunger Index 2021.

• In the 2020 Global Hunger Index, Pakistan ranks 88th

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• Global Hunger Index is jointly published by Concern Worldwide and Welthungerhilfe.

• This is published every October.

• The first edition was published in 2006.

• This edition marked the 16th edition of the Global Hunger Index.

• Aim: Tract hunger at the global

Explanation

The structure of economy has drastically changed since Pakistan`s inception in 1947 with industry and then services sectors dominated the economy, says a finance ministry report released on August 13, 2022.

Explanation

On 22 April 2024, Pakistan and Iran decided to strengthen economic and security cooperation by setting a $10 billion bilateral trade target and jointly fighting the menace of terrorism.

The decision was made during visit of Iranian president to Pakistan.

Explanation

Civil Service is the second major profession in Pakistan after agriculture, employing a significant workforce in government administration.

It includes bureaucracy, public administration, and policy-making.

It playing a key role in governance and national development.

Explanation

Pakistan's second five-year plan was first discussed in a Bank report entitled Economic Development in Pakistan dated August 17, 1960. 

Additional information 

• First Five-Year Plan (1950-1955): Presented by Prime Minister Liaquat Ali Khan on July 8, 1948.
• Second Five-Year Plan (1960-1965): Revived and restated by President Ayub Khan's military government.
• Third Five-Year Plan (1965-1970): Designed like its predecessor, resulting in only modest growth.
• Fourth Five-Year Plan (1970-1975): Abandoned after the fall of Dhaka and replaced with a nationalization program.
• Fifth Five-Year Plan (1978-1983): Aimed to stabilize the economy and improve living standards for the poorest segment of the population.

Explanation

Moody`s Investor Service downgraded Pakistan`s outlook to negative from stable on June 2, 2022.

Moody`s: New York-based credit rating agency

Explanation

The Federal budget 2020–2021 is the federal budget of Pakistan for the fiscal year beginning from 1 July 2020

ending on 30 June 2021.

The budget was presented in Parliament by Federal Minister Hammad Azhar

It is also called the Corona budget

The total size of the budget is Rs. 7136 (US$25) billion.

Rs. 1289 (US$4.50) billion for defense

,Rs. 83.3 (29¢ US) billion for education

Rs. 70 (24¢ US) billion were allocated for preventing coronavirus,

Rs. 80 (28¢ US) billion for special economic zones

Explanation

• the provincial GDP ratio for 2021-2022 in Pakistan is 5.57
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• The revised growth rate of GDP for the year 2020-21 is 5.74 percent which was provisionally estimated at 5.57 percent.
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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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Explanation

Economic decisions are those decisions in which people have to choose what to do in a condition of scarcity.