Economic Development | MCQs

Explanation

PSDP refers to the Public Sector Development Programme.

It is a government initiative focused on the allocation of resources for development projects in Pakistan.

Explanation

As of February 2025, China contributed 40% of Pakistan’s total FDI in infrastructure during FY 2024–25.

China invested $790 million in sectors like power, energy, and transport, making it the top foreign investor.

Explanation

Explanation

• HBL Bank gave a loan to Pakistan for its first budget
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• HBL was the first commercial bank to be established in Pakistan in 1947
• HBL has a major market share in loans to small industries, traders, and farmers. 
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• HBL moved its operations to Pakistan in 1947 at the request of Muhammad Ali Jinnah, hence becoming the first commercial bank to lay its foundation in the country

Explanation

In March 2023, Saudi Arabia’s Prince Fahad bin Mansour launched a $100 million Saudi Arabia-Pakistan Tech House, a new initiative aimed at creating opportunities through partnerships with information technology (IT) companies and enterprises in Pakistan.

Explanation

 The state owned investment fund of Qatar is going to invest $3 billion in Pakistan, an official statement from the office of the energy-rich country`s ruler said on August 24, 2022.

Explanation

The USA is the largest export destination for Pakistan, especially for textiles, garments, and leather goods.

Pakistan enjoys a trade surplus with the USA, making it a key market for earning foreign exchange.

Explanation

CPEC was formally launched on 20 Arpil 2015 with the value of $46 billion.

China-Pakistan Economic Corridor is a framework of regional connectivity.

China Pakistan Economic Corridor is journey towards economic rationalization in the globalized world.

ND23-6-2023

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