Economic Development | MCQs

Explanation

The Khyber Pakhtunkhwa government and Bank of Khyber in February 2022 signed a memorandum of understanding (MoU) to launch Rs12 billion refinancing schemes to meet the capital and modernization needs of the province`s small and medium enterprises (SMEs).

Explanation

Pakistan and Iran opened the Pishin-Mand border crossing point in Kech district on Wednesday for facilitating trade between the two countries.

Minister for Defence Production Zubaida Jalal and Iranian Minister for Communication and Urban Development Mohammad Islami jointly inaugurated the third border crossing point at a ceremony held in the Mand Rag area.

Explanation

"Must" expresses a strong necessity or obligation.

It emphasizes the urgent need for Pakistan to strengthen its economy.

Explanation

On 3 June 2023, Balochistan Chief Minister Abdul Qudoos Bizenjo approved a summary to grant the status of Special Economic District (SED) to Gwadar for the city’s development and promotion of port-related activities.

Explanation

• Pakistan and Turkiye on 12 August 2022 signed a Preferential Trade Agreement (PTA) aimed at boosting trade between the two countries.
• The PTA will come into effect from January 1, 2023.

Explanation

The Balochistan chief minister Abdul Qudoos Bizanjo and the British High Commissioner agreed on February 3, 2022 to increase British investment in various sectors.

Explanation

 Prime Minister Imran Khan on January 19, 2022, launched the National Small and Medium Enterprises (SMEs) policy. Prime Minister Imran Khan vowed to take stern action against government departments and officials who created hurdles in the setting up of new startups and export-oriented businesses.

Explanation

Khyber Pakhtunkhwa government signed these memorandums of understandings at Dubai International Expo-2020 on January 16, 2022.

Explanation

Explanation

To reduce reliance on a few export sectors and increase resilience to global economic fluctuations,

Pakistan should diversify its export base.

Encouraging export-oriented industries, supporting small and medium enterprises (SMEs),

and developing high-value-added products can help boost exports