Economic Development | MCQs

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

پاکستان میں معدنی دولت سے مکمل فائدہ نہ اٹھانے کی کئی وجوہات ہیں جیسے بار بار حکومت کی تبدیلی، سرمائے اور ماہریں کی کمی، اور حکومت کی غلط پالیسی۔

ان تمام وجوہات کی بنا پر پاکستان اپنی معدنی دولت سے بھرپور استفادہ نہیں کر سکا۔

Explanation

• The 20-year Perspective Plan was prepared by Pakistan for the period 1965-85.
• The plan aimed to increase domestic coal production from 4.5 to 60 million tonnes per year and to eliminate dependence on foreign assistance.

Explanation

Khalid Mansoor was the Special Assistant to the Prime Minister of Pakistan on the China-Pakistan Economic Corridor, a position he has held from August 2021 to April 2022.

He previously served as the Chief Executive of the Hub Power Company.

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

Explanation

President Arif Alvi on March 18, 2022 launched the Asaan Karobar Programme saying innovative strategies by incorporating digital technology was essential to ensuring sustainable business activities.

Explanation

Pakistan Economic Survey is a report published by Ministry of Finance.

Pakistan Economic Survey 2021-22 was released by Miftah Ismail on 9 06 2022.

Explanation

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

The Khyber Pakhtunkhwa government and Bank of Khyber in February 2022 signed a memorandum of understanding (MoU) to launch Rs12 billion refinancing schemes to meet the capital and modernization needs of the province`s small and medium enterprises (SMEs).