The International Islamic Trade Finance Development Corporation (ITFC) approved _______financing for Pakistan in February,2022?
Correct answer: A. $1.2bn
- A. $1.2bn
- B. $1.3bn
- C. $1.4bn
- D. None of these
Explanation
The International Islamic Trade Finance Corporation approved $1.2 billion in financing for Pakistan in February 2022. ITFC financing supports trade and commodity-import requirements, making this an economic rather than a development-project figure.
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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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