ECO | MCQs

Explanation

Vision 2030 aims to diversify Saudi Arabia’s economy, opening doors for Pakistani workers and professionals.

It encourages foreign investment, including from and into Pakistan.

It strengthens bilateral ties through joint projects and strategic cooperation.

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

Explanation

Pakistan and Iran inaugurated the first border market and an electricity transmission line on May 18, 2023.

Located in the remote village of Balochistan`s Mand town, the marketplace is the first of six to be constructed along the Pakistan-Iran border under a 2012 agreement signed by the two sides.

Explanation

CPEC was formally launched in 2015 with the value of $46 billion.

Explanation

Both sides reviewed the continued implementation of CPEC and its expansion to jointly agreed on priority areas.

It is notable that in 2018, Pakistan invited Saudi Arabia to be the third ‘strategic’ partner in the CPEC.

Now, this time, both China and Pakistan are seeking the direct involvement of a third country in this mega project.

Explanation

The Fitch Indicator survey primarily provides insights into economic trends, particularly related to global markets, economies, and financial stability. 

Explanation

During FY 2023, the mining and quarrying sector negatively grew by 4.4%.

This contraction was driven by reduced extraction activities and investment constraints in the sector.

Explanation

Large-scale manufacturing in Pakistan saw a growth of 8.11% during July-March FY 2023.

This growth indicates a moderate recovery in the sector despite ongoing economic challenges.

Explanation

The industrial sector in Pakistan posted a negative growth of 2.94% in FY 2023.

This decline highlights significant economic challenges.

Including energy constraints and inflationary pressures.