International Trade | MCQs

Explanation

Pakistan’s strategic location links key regions — South Asia, Central Asia, and the Middle East.

This makes it a vital route for international trade, energy transit, and regional connectivity.

Explanation

The Silk Route is also known as Karakoram Highway

The silk road connects Pakistan and China.

The total length is approximately 1,300 kilometers, of which 887 kilometers are in Pakistan and 413 km in China.

The silk road is considered a symbol of Pakistan-China's eternal friendship

The highway meets the Pakistani-Chinese border at Khunjerab Pass

Explanation

·         As of January 2019, the list totals 790 projects

·         OBOR stand for One Belt One Road

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·         What Is One Belt One Road (OBOR)?

·         OBOR, the brainchild of Chinese President Xi Jinping, is an ambitious economic development and commercial project spread across the continents of Asia, Africa, and Europe.

·         Dubbed as the “Project of the Century” by the Chinese authorities, OBOR spans about 78 countries.

Explanation

Uzbekistan, which currently relies on Iranian seaport of Bandar Abbas for external trade, is exploring other options and is prioritizing Pakistani ports because of short distance, being more economical and due to some political considerations.

Uzbekistan is working with Pakistan on the development of two options — the first is the Trans-Afghan railway project while the second is the road route via China.

Explanation

Pakistan's share in global exports is about 0.18%.

It indicating its modest contribution to the overall global trade market.

Explanation

Top Importer of Pakistan fiscal year (2020-21)

1.           China

2.           United Arab Emirates (UAE)

3.           Singapore. 

Petroleum is the largest-import item of Pakistan

Explanation

Explanation

Increased demand for its imports

Explanation

The major exports of Pakistan include:

ð  Textiles, leather and sports goods, chemicals, carpets, and rugs.

ð  Rice, sugar, cotton, fish, fruits, and vegetables

Explanation

Pakistan and Iran have agreed to take measures to expand the annual trade exchanges to $5 billion by the year 2023.