Explanation

LAIA (Latin American Integration Association)

It was created on 12 August 1980

by the 1980 Montevideo Treaty replacing the Latin American Free Trade Association (LAFTA/ALALC).

LAIA Currently, has 13 member countries

LAIA's Headquarters: Montevideo, Uruguay

LAIA's Founder: Argentina

ND7-5-2023

Explanation

WTO: World Trade Organization

WTO members: 164

WTO headquarters: Geneva, Switzerland

WTO was created on January 1, 1995

WTO official languages: English, French, Spanish

WTO is the successor of General Agreement on Tariffs and Trade (GATT).

Pakistan joined World Trade Organization (WTO) on 1 January 1995.

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nd9-2-2023

Explanation

IELTS stands for International English Language Testing System

Explanation

ROI stands for Return on Investment

formula:

ROI = (Net Income / Initial Investment) * 100

Additional information:

NPV stands for Net present value

Explanation

NBT stands for Non-Tariff Barriers.

These are restrictive regulations and policies other than tariffs that countries use to control the amount of trade across their borders.

Explanation

RMS - Result Management System and RO - Returning officers

The RMS is offline software installed in a computer at RO office that also has a trained data entry operator. The RO receives results from presiding officers on Form 45, mostly hard copies and the operator enters results in RMS

RTS - Result Transmission System

The RTS is an entirely different system meant to transmit Form 45 from polling stations to RO offices and the ECP Secretariat using a smartphone

Explanation

• ACR stands for Annual confidential report
• **
• ACR stands for Annual Confidential Report of Teachers.
• 
  

Explanation

The TAPI Pipeline is a natural gas pipeline that originates in Turkmenistan, transporting gas through Afghanistan to Pakistan and India.

Turkmenistan–Afghanistan–Pakistan–India (TAPI) Pipeline, also known as Trans-Afghanistan Pipeline.

Work on the Afghan section began in February 23, 2018.

Explanation

• NFPA stands for National Fire Protection Association
• ***
• The National Fire Protection Association (NFPA) is a global self-funded nonprofit organization, established on 6th NOV 1896
• Its headquarter located in the USA
• The current CEO of NFPA is Jim Pauley

Explanation

NEPRA is the regulatory authority in Pakistan for electricity generation, transmission, and distribution.

It ensures fair pricing, licensing, and standards in the power sector.