Economic Cooperation | MCQs

Explanation

The China-Pakistan Economic Corridor (CPEC) is a series of energy and infrastructure

projects, some of which connect China’s Xinjiang to Gwadar.

Initiated in mid-2013 and formally launched in April 2015.

CPEC is generally described as a $46 billion package of Chinese aid.

Explanation

In commemoration of the 10th anniversary of the China-Pakistan Economic Corridor (CPEC), the State Bank of Pakistan (SBP) is set to release a special Rs 100 commemorative coin.

The coin will be made available from 11 August 2023.

Explanation

The Ghazi Brotha Power Project received economic and technical assistance from Japan, showcasing bilateral cooperation.

Ghazi-Barotha Hydropower Project is a 1,450 MW un-of-the-river hydropower, connected to the Indus River.

Ghazi-Barotha  Location Between Attock, Punjab and Haripur, KP

Construction of the project began in 1995. 

Opening date: 2002

The Official name of Ghazi-Barotha Hydropower Project is غازى بروتھا

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

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

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

On 22 April 2024, Pakistan and Iran decided to strengthen economic and security cooperation by setting a $10 billion bilateral trade target and jointly fighting the menace of terrorism.

The decision was made during visit of Iranian president to Pakistan.

Explanation

CPEC کا مطلب چین پاکستان اقتصادی راہداری ہے۔

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چین پاکستان اقتصادی راہداری چین اور پاکستان کے درمیان علاقائی رابطے کا 3000 کلومیٹر کا فریم ورک ہے۔

منصوبے کی قسم -------> اقتصادی راہداری

قائم کیا گیا ----> 20 اپریل 2015 (7 سال پہلے)

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ND31-12-2022

Explanation

The recent economic plan between China and Pakistan is CPEC (China-Pakistan Economic Corridor).

It was launched on April 20, 2015, with a $46 billion value.

It is a major infrastructure project aimed at enhancing connectivity and economic cooperation between China and Pakistan.

It serves as a framework for regional connectivity and economic rationalization in a globalized world.

Explanation

Iran and Pakistan have decided to increase the trade volume between the two countries to $10 billion, Iranian President Ebrahim Raisi said on 22 April 2024.