Which country helped Pakistan against Karkey dispute and saved Pakistan from paying the $1.2 billion penalty imposed by the International Centre for Settlement of Investment Disputes (ICSID)?
Correct answer: D. Turkey
- A. None of these
- B. Iran
- C. Qatar
- D. Turkey
Explanation
Turkey helped Pakistan settle the Karkey dispute and avoid the approximately $1.2 billion ICSID penalty. The Turkish connection arose from Karkey’s nationality and high-level bilateral intervention.
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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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