Economic Cooperation | MCQs

Explanation

Vision 2030 aims to diversify Saudi Arabia’s economy, opening doors for Pakistani workers and professionals.

It encourages foreign investment, including from and into Pakistan.

It strengthens bilateral ties through joint projects and strategic cooperation.

Explanation

Pakistan and Iran inaugurated the first border market and an electricity transmission line on May 18, 2023.

Located in the remote village of Balochistan`s Mand town, the marketplace is the first of six to be constructed along the Pakistan-Iran border under a 2012 agreement signed by the two sides.

Explanation

Both sides reviewed the continued implementation of CPEC and its expansion to jointly agreed on priority areas.

It is notable that in 2018, Pakistan invited Saudi Arabia to be the third ‘strategic’ partner in the CPEC.

Now, this time, both China and Pakistan are seeking the direct involvement of a third country in this mega project.

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

CPEC کا مطلب چین پاکستان اقتصادی راہداری ہے۔

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چین پاکستان اقتصادی راہداری چین اور پاکستان کے درمیان علاقائی رابطے کا 3000 کلومیٹر کا فریم ورک ہے۔

منصوبے کی قسم -------> اقتصادی راہداری

قائم کیا گیا ----> 20 اپریل 2015 (7 سال پہلے)

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ND31-12-2022

Explanation

The recent economic plan between China and Pakistan is CPEC (China-Pakistan Economic Corridor).

It was launched on April 20, 2015, with a $46 billion value.

It is a major infrastructure project aimed at enhancing connectivity and economic cooperation between China and Pakistan.

It serves as a framework for regional connectivity and economic rationalization in a globalized world.

Explanation

Iran and Pakistan have decided to increase the trade volume between the two countries to $10 billion, Iranian President Ebrahim Raisi said on 22 April 2024.

Explanation

Pakistan and Russia have signed a bilateral trade agreement aimed at facilitating and reducing costs of trade between the two countries.

The deal was signed on May 19, 2023 in Kazan, Russia.

Explanation

On 28 September 2023, Pakistan and the Gulf Cooperation Council (GCC) have signed a free trade agreement (FTA) following the conclusion of the final round of negotiations between the two sides in Riyadh, Saudi Arabia

Explanation

On 28 September 2023, Pakistan and the Gulf Cooperation Council (GCC) have signed a free trade agreement (FTA) following the conclusion of the final round of negotiations between the two sides in Riyadh, Saudi Arabia