Pakistan resolved Karkey Rental Power case worth $1.2bn with the help of_________?
Correct answer: C. Turkey
- A. China
- B. Russia
- C. Turkey
- D. None of these
Explanation
Pakistan resolved the Karkey rental-power dispute with Turkey’s assistance, avoiding the full financial consequences of the ICSID case. Karkey was a Turkish company, which explains why Turkey was central to the settlement.
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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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