Industrialization | MCQs

Explanation

Pakistan Steel Mill in Karachi was founded on July 2, 1973.

PM Zulfikar Ali Bhutto laid the foundation stone of Pakistan Steel Mills on December 30, 1973, with the support of the Soviet Union (Russia).

An agreement for techno-financial assistance was made between Pakistan and the Soviet Union in 1971.

It is the country's largest industrial undertaking.

It has a production capacity of 1.1 million tons of steel.

It expandable up to 3.0 million tons per annum.

Explanation

PIDC is a federal government entity established in 1952.

It was initially formed to develop the industrial base in Pakistan.

PIDC operates under the Ministry of Industries and Production.

It has played a key role in industrialization and economic growth.