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: A. 4.5
- A. 4.5
- B. 2
- 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.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
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.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
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.
More Global Economy questions
When Turkish President Recep Tayyip Erdogan has laid a foundation stone on a $15 billion project named "Kanal Istanbul"?
Turkish President Tayyip Erdogan has launched a $15 billion project named "Kanal Istanbul" which runs parallel to Bosphorus Strait will connect:
What amount is set for new project named "Kanal Istanbul" by the Turkish Government?
Which group of countries start their own infrastructure plan known as Build Back Better World (B3W) to counter the Belt and Road Initiative (BRI) of China?
Which nation has discovered the world's third largest diamond ever, a 1,098 carat stone?
Which company has announced to build the longest undersea cable in the world, known as 'Firmina'?