Pakistan, International Islamic Trade Finance Corporation (ITFC) signed Annual Financing Plan 2021 worth __________billion on February 24, 2021.
Correct answer: C. $1.1 billion
- A. $1.5 billion
- B. $2 billion
- C. $1.1 billion
- D. None of these
Explanation
Pakistan and the International Islamic Trade Finance Corporation signed a 2021 annual financing plan worth $1.1 billion. ITFC financing generally supports imports of essential commodities and trade-related needs, not a $1.5 billion or $2 billion plan in this agreement.
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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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