International Trade | MCQs

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• 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.

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During FY2019-20, the country's exports registered approximately a 6.81% decline,

falling from. $22.958 billion to $21.394 billion 

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The first freight train between Istanbul and Islamabad via Tehran reached Ankara via Lahore, Taftan, and Zahedan on January 3, 2022, completing its 17-day journey in 13 days. 

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Saudi Arabia became the world's largest arms importer from 2014 to 2018,

accounting for 12 percent of the imports, an increase of 192 percent over 2009-2013, according to the latest report by the Stockholm International Peace Research Institute (SIPRI)

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In July 2023, Prime Minister Shehbaz Sharif inaugurated the China Expo Center in Gwadar (Balochistan)

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Pakistan imports a wide range of commodities from Africa, including petroleum, coal, tea, cotton, and copper. 

In 2020, Pakistan imported $2.25 billion worth of products from Africa. 

In 2020, Pakistan imported $547 million worth of coffee and tea from Africa. 

Pakistan also imports crude oil, iron, steel, inorganic chemicals, and textile products from Africa