Name the first Chinese bank operating in Pakistan?
Correct answer: D. Industrial and Commercial Bank of China (ICBC)
- A. Bank of China
- B. China Everbright Bank
- C. China Development Bank
- D. Industrial and Commercial Bank of China (ICBC)
Explanation
Industrial and Commercial Bank of China, commonly called ICBC, became the first Chinese bank to operate in Pakistan. China Development Bank and China Everbright Bank did not hold this distinction.
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Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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