Economic Reforms | MCQs

Explanation

Pakistan’s first coin was issued on 3rd January 1948

The First Postal Stamp of Pakistan was issued on 9th July 1948.

Pakistan’s first currency note was issued on March 1, 1949.

ND26-4-2023

Explanation

After becoming Civilian Martial Law Administrator in December 20, 1971 (and later Prime Minister in 1973), Zulfikar Ali Bhutto faced the immediate crisis of:

1971 War Aftermath: Over 90,000 Pakistani soldiers and civilians were held as POWs by India after the surrender in East Pakistan (now Bangladesh).

Simla Agreement (1972): Bhutto negotiated with India’s Indira Gandhi to secure their release, linking it to broader peace terms.

Explanation

Z.A. Bhutto started the Nationalization of Banks in Pakistan in 1974.

Banks (Nationalization) Act, 1974

This act was passed by Parliament on January 23, 1974.

It nationalized 14 banks and put them under the direct control of the Government of Pakistan.

Explanation

The first round of talks between Pakistan and the International Monetary Fund (IMF)

held in the federal capital on Tuesday

to strike a staff-level agreement on the ninth review under the $7 billion Extended Fund Facility (EFF)

ND7-5-2023

Explanation

صدرمملکت جنرل محمد ضیا ٗ الحق نے زکاة و عشر آرڈیننس 20جون 1980 کو جاری کیا

Explanation

Saleem Ahmad appointed Chairman of Privatization Commission (PC) on 20 January 2022 and he resigned on 13 July, 2022.