On 25 June 2021 Pakistan secured _______ billion dollars worth of three year trade financing facility from Islamic Trade Finance Corporation ITFC to cover import cost of crude oil, LNG and petroleum products
Correct answer: B. 4.5
- A. 2
- B. 4.5
- C. 6
- D. None of these
Explanation
Pakistan obtained a three-year trade-financing facility of 4.5 billion US dollars from the Islamic Trade Finance Corporation. It was intended to finance imports including crude oil, LNG and petroleum products.
Last updated
About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
Practise Global Economy
448 free Global Economy MCQs from International Current Affairs, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask International Current Affairs questions like this
International Current Affairs is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
Related questions
400 Meter long and 59 Meter wide Vessel Ever Given of Taiwan stranded across Egypt's Suez Canal after losing ability to steer amid ?
A ship recently blocked which trade route causing the world economy to lose million of Dollars?
According to 2018 recent report of the four UN bodies, the FAO,UNICEF,WFP and WHO, the Asia Pacific region has ________ under nutrition people?
According to a grim UN assessment of childhood nutrition, Nearly __________ million children under five years old are undernourished or overweight and face lifelong health problem in the whole world?
According to a recent Forbes report, Which is the world's strongest currency?