International Trade | MCQs

Explanation

Pakistan's largest exports go to the United States.

the most common destinations for exports in Pakistan are the:

United States ($5.51B)

China ($3.25B)

Germany ($2.53B)

United Kingdom ($2.21B)

United Arab Emirates ($1.28B)

Explanation

The Silk Route is also known as Karakoram Highway

The silk road connects Pakistan and China.

The total length is approximately 1,300 kilometers, of which 887 kilometers are in Pakistan and 413 km in China.

The silk road is considered a symbol of Pakistan-China's eternal friendship

The highway meets the Pakistani-Chinese border at Khunjerab Pass

Explanation

Khunjrab pass connects Pakistan with China.

Location: Hunza Pakistan - administered Gilgit–Baltistan and Xinjiang, China

Road name: N-35

Range: Karakoram

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Explanation

The United States is the world's largest arms exporter.

It accounted for 37% of global arms sales between 2016 and 2020, and 38.6% between 2017 and 2021, according to SIPRI.

The U.S. is followed by Russia, France, China, and Germany.

U.S. arms exports increased by 15% between 2016 and 2020 compared to the previous five years.

Explanation

Reduces the volume of trade

Tariffs are government-imposed taxes on goods and services imported from other countries that aim to raise prices, make imports less desirable, or at least less competitive, compared to domestic goods and services.

Explanation

Faisalabad is known as the "Manchester of Pakistan" due to its large textile industry.

It is a major hub for cloth manufacturing, textile mills, and exports.

Explanation

The China-Pakistan Economic Corridor (CPEC) is expected to be fully operational by 2030.

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 20, 2015.

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

Explanation

The Karakoram Highway being contrasted with the assistance of the Chines government was completed in 1979

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Karakoram highway is also known as N-35

The Karakoram Highway starts from Hassan Abdal.

Karakoram highway was completed in 1979.

its length in Pakistan is 1300 km.

The same Continues with the name China National Highway 314 (G314) in China

Explanation

• The Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, also known as the Trans-Afghanistan pipeline, is a natural gas pipe developed by  Galkynysh – TAPI Pipeline Company Limited with the participation of the Asian Development Bank.
  
• It is a line.  The pipeline transports natural gas from the Garkinish gas field in Turkmenistan via Afghanistan to Pakistan and then to India. 
• Construction of the project will begin in Turkmenistan on  December 13, 2015, 
• work on the Afghanistan section will begin in February 2018, and work on the Pakistan section will begin in December 2018.
  

Explanation

Top Importer of Pakistan fiscal year (2020-21)

1.           China

2.           United Arab Emirates (UAE)

3.           Singapore. 

Petroleum is the largest-import item of Pakistan